Define reinsurance . How it is important for insuance
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ʜᴇʏ ᴍᴀᴛᴇ ✌️✌️
ᴡʜᴇɴ ᴀɴ ɪɴsᴜʀᴀɴᴄᴇ ᴄᴏᴍᴘᴀɴʏ ɢᴇᴛs ɪᴛs ʀɪsᴋ ɪɴᴄᴜʀʀᴇᴅ ғʀᴏᴍ ᴀɴᴏᴛʜᴇʀ ɪɴsᴜʀᴀɴᴄᴇ ᴄᴏᴍᴘᴀɴʏ,ɪᴛ ɪs ᴄᴀʟʟᴇᴅ ʀᴇɪɴsᴜʀᴀɴᴄᴇ.ɪɴ ᴛʜɪs ɪɴsᴜʀᴀɴᴄᴇ ᴄᴏɴᴛʀᴀᴄᴛ,ʙᴏᴛʜ ᴛʜᴇ ɪɴsᴜʀᴇᴅ ᴀs ᴡᴇʟʟ ᴀs ᴛʜᴇ ɪɴsᴜʀᴇᴅ ᴀʀᴇ ɪɴsᴜʀᴀɴᴄᴇ ᴄᴏᴍᴘᴀɴʏ.ᴡʜᴇɴ ᴀɴ ɪɴsᴜʀᴀɴᴄᴇ ᴄᴏᴍᴘᴀɴʏ ғɪɴᴅs ᴛʜᴀᴛ ɪᴛ's ʀɪsᴋ ʜᴀs ᴇxᴄᴇᴇᴅᴇᴅ ᴀ ᴄᴇʀᴛᴀɪɴ ʟɪᴍɪᴛ,ɪᴛ ᴛʀᴀɴsғᴇʀ ᴀ ᴘᴀʀᴛ ᴏғ ᴛʜᴇ ʀɪsᴋ ᴛᴏ sᴏᴍᴇ ᴏᴛʜᴇʀ ɪɴsᴜʀᴀɴᴄᴇ ᴄᴏᴍᴘᴀɴʏ ʙʏ ᴛᴀᴋɪɴɢ ʀᴇɪɴsᴜʀᴀɴᴄᴇ ᴏғ ᴄᴇʀᴛᴀɪɴ ɪᴛᴇᴍs.
✨ ʜᴏᴘᴇ ᴛʜɪs ʜᴇʟᴘs ʏᴏᴜ ✨
ʜappy New Year!
ᴡʜᴇɴ ᴀɴ ɪɴsᴜʀᴀɴᴄᴇ ᴄᴏᴍᴘᴀɴʏ ɢᴇᴛs ɪᴛs ʀɪsᴋ ɪɴᴄᴜʀʀᴇᴅ ғʀᴏᴍ ᴀɴᴏᴛʜᴇʀ ɪɴsᴜʀᴀɴᴄᴇ ᴄᴏᴍᴘᴀɴʏ,ɪᴛ ɪs ᴄᴀʟʟᴇᴅ ʀᴇɪɴsᴜʀᴀɴᴄᴇ.ɪɴ ᴛʜɪs ɪɴsᴜʀᴀɴᴄᴇ ᴄᴏɴᴛʀᴀᴄᴛ,ʙᴏᴛʜ ᴛʜᴇ ɪɴsᴜʀᴇᴅ ᴀs ᴡᴇʟʟ ᴀs ᴛʜᴇ ɪɴsᴜʀᴇᴅ ᴀʀᴇ ɪɴsᴜʀᴀɴᴄᴇ ᴄᴏᴍᴘᴀɴʏ.ᴡʜᴇɴ ᴀɴ ɪɴsᴜʀᴀɴᴄᴇ ᴄᴏᴍᴘᴀɴʏ ғɪɴᴅs ᴛʜᴀᴛ ɪᴛ's ʀɪsᴋ ʜᴀs ᴇxᴄᴇᴇᴅᴇᴅ ᴀ ᴄᴇʀᴛᴀɪɴ ʟɪᴍɪᴛ,ɪᴛ ᴛʀᴀɴsғᴇʀ ᴀ ᴘᴀʀᴛ ᴏғ ᴛʜᴇ ʀɪsᴋ ᴛᴏ sᴏᴍᴇ ᴏᴛʜᴇʀ ɪɴsᴜʀᴀɴᴄᴇ ᴄᴏᴍᴘᴀɴʏ ʙʏ ᴛᴀᴋɪɴɢ ʀᴇɪɴsᴜʀᴀɴᴄᴇ ᴏғ ᴄᴇʀᴛᴀɪɴ ɪᴛᴇᴍs.
✨ ʜᴏᴘᴇ ᴛʜɪs ʜᴇʟᴘs ʏᴏᴜ ✨
ʜappy New Year!
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