Summary |
The paper is divided into three sections. The first introduces basic principles of insurance as well as gives a broad outline of the various classes of insurance available. In the second section, the reader is given a broad idea of what reinsurance is all about and the last section gives a glossary of common terms used in reinsurance.
Some of the definitions given in this glossary are reproduced from the Reed Stenhouse’s collection of insurance terms and my thanks go to them for their kind permission to reproduce.
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