Summary |
The book is concerned with the strategy adopted by an insurance/reinsurance company once a decision to discontinue writing business has been taken. One of the options is to enter into formal run-off. However, run-off is only one method of several possible methods of ending/ transferring the liability, although it is easily the most common, perhaps taking place in 90% of all cases. We will examine the best ways that a company can formulate a discontinued business strategy and also explain the process of an insurer/Reinsurer
• Entering into run-of;
• Being in run-off; and
• Exiting run-off
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