RGA created this glossary of terms and their definitions to guide our visitors through the complex world of reinsurance. Questions? Contact us.
A form of reinsurance under which the ceding company shares its premiums, death claims, surrender benefits, dividends, and policy loans with the reinsurer, and the reinsurer pays expense allowances to reimburse the ceding company for a share of its expenses.
A process employing algorithms and statistics by which current or historical facts are used to create predictions about future events or behaviors.
The amount required to be carried as a liability in the financial statement of an insurer or reinsurer to provide for future commitments under outstanding policies and contracts.