What's the difference between reinsurance and risk?

Reinsurance


Definition:

  • (n.) Insurance a second time or again; renewed insurance.
  • (n.) A contract by which an insurer is insured wholly or in part against the risk he has incurred in insuring somebody else. See Reassurance.

Example Sentences:

  • (1) The global fund's reinsurance arm – put at about $3bn (using a high insurance rate) – would facilitate reinsurance coverage for social protection schemes in countries where risks (and the fear of excess demand for support) make it difficult for states to obtain affordable and extensive reinsurance.
  • (2) The second provision was a sop to unions, and as such was seen as a Democratic ask: a tax on group health care plans – which would fund a reinsurance program to protect against early strain on the system from potentially lots of sick people and no healthy people signing up – was to be delayed.
  • (3) But reinsurance alone does not reduce the underlying high cost of providing such primary coverage.
  • (4) It is argued that the rise in malpractice insurance premiums and associated restrictions in availability should be seen against the background of underwriting problems specific to medical liability in conjunction with a general decline in reinsurance cover.
  • (5) That is why the governments concerned must take over the reinsurance function and use their agencies only to administer the insurance policies.
  • (6) Taking as an example the life insurance application of a man with conservatively treated ulcerative colitis, risk assessment procedure from the viewpoint of life insurance is analyzed on the basis of the Swiss Reinsurance Company rating guidelines.
  • (7) Only simple insurance products will be affected, but not big reinsurance contracts and specialist insurance such as marine and aviation, Beale said.
  • (8) There, reinsurance serves as part of a strategy for requiring that primary insurance be made available to all applicants, regardless of risk.
  • (9) Private insurers and reinsurers like Germany's Euler Hermes have offered it for years.
  • (10) Some financial firms, though, were hit – particularly the reinsurance firms that take on risk from individual insurers.
  • (11) Guarantees of this kind have a peculiar feature: the more convincing they are, the less likely they are to be invoked; the reinsurance is likely to turn out to be largely costless.
  • (12) The fund would have two functions: to help the 48 least developed countries (LDCs) put in place a "social protection floor"; and to serve as a reinsurance provider to step in if a state's social protection system was overwhelmed by an unexpected event such as extreme drought or flooding.
  • (13) Like other reinsurers, Munich Re has said it is expecting to face mounting claims in the coming years for damage caused by climate change.
  • (14) Hodge said: "As individual events, the Australian floods, Cyclone Yasi [in Australia], the Christchurch earthquake and today's Honshu earthquake are unlikely to significantly affect global reinsurance prices.
  • (15) It was found that admissions can be unreported when another insurer or institution pays (e.g., Medicare, No Fault, Workmen's Compensation, duplicate coverage, school health and liability insurance or VA, military, municipal, and state hospitals); when the HMO does not cover benefits (e.g., cosmetic and oral surgery, experimental procedures, long-term psychiatric, chronic, or rehabilitation stays); and when HMO coverage is denied for procedural reasons (e.g., catastrophic stays covered by reinsurance, newborns, voluntary "leakage," or improper following of HMO procedures).
  • (16) To do so, they must ensure their financial stability through the support of the insured and through adequate reinsurance, compete effectively with commercial insurance companies, comply with federal regulations regarding reimbursement to hospitals for premiums, and develop effective internal management.
  • (17) They had bought it for £600m in 2007 from reinsurer Swiss Re, which commissioned it in 2004.
  • (18) Because the primary carrier mainly wants to protect its solvency against unpredictable variation in claims experience, it normally reinsures only the "high end" of claims risk.
  • (19) Under conventional private practice, primary health insurers, including self-insured groups and HMOs, voluntarily contract with reinsurers to share some risk and some premiums.
  • (20) The £4bn loans, some of which appear to be still outstanding, were made to the Swiss banking giant, Credit Suisse; a British reinsurer, Swiss Re plc; and an unidentified US insurer.

Risk


Definition:

  • (n.) Hazard; danger; peril; exposure to loss, injury, or destruction.
  • (n.) Hazard of loss; liabillity to loss in property.
  • (n.) To expose to risk, hazard, or peril; to venture; as, to risk goods on board of a ship; to risk one's person in battle; to risk one's fame by a publication.
  • (n.) To incur the risk or danger of; as, to risk a battle.

Example Sentences:

  • (1) The prenatal risk determined by smoking pregnant woman was studied by a fetal electrocardiogram at different gestational ages.
  • (2) after operation for hip fracture, and merits assessment in other high-risk groups of patients.
  • (3) These surveys show that campers exposed to mountain stream water are at risk of acquiring giardiasis.
  • (4) The major treatable risk factors in thromboembolic stroke are hypertension and transient ischemic attacks (TIA).
  • (5) We determined whether serological investigations can assist to distinguish between chronic idiopathic autoimmune thrombocytopenia (cAITP) and immune-mediated thrombocytopenia in patients at risk to develop systemic lupus erythematosus (SLE); 82 patients were seen in this institution for the evaluation of immune thrombocytopenia.
  • (6) In this study, the role of psychological make-up was assessed as a risk factor in the etiology of vasospasm in variant angina (VA) using the Cornell Medical Index (CMI).
  • (7) An application is made to the validity of cancer risk items included in a cancer registry.
  • (8) Handing Greater Manchester’s £6bn health and social care budget over to the city’s combined authority is the most exciting experiment in local government and the health service in decades – but the risks are huge.
  • (9) Children of smoking mothers had an 18.0 per cent cumulative incidence of post-infancy wheezing through 10 years of age, compared with 16.2 per cent among children of nonsmoking mothers (risk ratio 1.11, 95% CI: 1.02, 1.21).
  • (10) In X-irradiated litters, almost invariably, the incidence of anophthalmia was higher in exencephalic than in nonexencephalic embryos and the ratio of these incidences (relative risk) decreased toward 1 with increasing dose.
  • (11) This effect was more marked in breast cancer patients which may explain our earlier finding that women with upper body fat localization are at increased risk for developing breast cancer.
  • (12) Early stabilisation may not ensure normal development but even early splinting carries a small risk of avascular necrosis.
  • (13) Of course the job is not done and we will continue to remain vigilant to all risks, particularly when the global economic situation is so uncertain,” the chancellor said in a statement.
  • (14) Today’s figures tell us little about the timing of the first increase in interest rates, which will depend on bigger picture news on domestic growth, pay trends and perceived downside risks in the global economy,” he said.
  • (15) When pooled data were analysed, this difference was highly significant (p = 0.0001) with a relative risk of schizophrenia in homozygotes of 2.61 (95% confidence intervals 1.60-4.26).
  • (16) In addition, pathological dexamethasone-tests may indicate an increased suicide-risk in these patients.
  • (17) Thus, our study confirmed that male subjects with a history of testicular maldescent have an increased risk for testis cancer, although the magnitude of this risk was lower than suggested previously.
  • (18) Estimates of the risk probability for each dose level and sacrifice time are found utilizing the sample likelihood as the posterior density.
  • (19) Epidemiological studies on low risks involve a number of major methodological difficulties.
  • (20) There appears to be no risk of morbidity or mortality.

Words possibly related to "reinsurance"