Tag: What is Reinsurance?

Credit Insurance | Definition, Meaning & Benefits

Credit Insurance – Definition & Meaning Credit Insurance is a risk management tool that reimburses policyholders when their business clients fails to pay for the goods and services they had sold to them. The need for the credit insurance has…

What is Reinsurance? Definition, Meaning & Advantage

When an original insurer who insures a risk again insured a part of risk with another insurer, this arrangement is called as reinsurance. In other words we could say that insurance is a contract between insurer and the original insured…