Global index family measuring performance in relation to sustainability and corporate governance
Participation on the part of the reinsurer in a particular individual risk assumed by the direct insurer. This is in contrast to obligatory reinsurance (also: treaty reinsurance).
Price at which a financial instrument is freely traded between two parties.
Reinsurance transactions which – in addition to the transfer of biometric risks – also include financing components such as financing arrangements for new and existing business, reserve relief, smoothing of volatility in results, optimisation of the solvency position.
Losses that occur frequently in a foreseeable amount, i. e. where the underlying risks are associated with relatively high probabilities of occurrence and usually low loss amounts.