The amount of a loss, after deductions for salvage, other insurance, and any subrogation, that an insurer is responsible for.
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The amount of loss sustained by an insurer after giving effect to all applicable Reinsurance, salvage and subrogation recoveries.
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REINSURANCE: The amount of loss sustained by an insurer after making deductions for all recoveries, salvage and all claims upon reinsurers, with specifics of the definition derived from the reinsurance agreement. See also Net Retained Liability.
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UK: The amount of the loss absorbed by an insurance company after deducting all recoveries from reinsurance, subrogation and salvage. These net retained losses can be funded internally out of cash flow or specially dedicated assets. Externally they may be funded out of lines of credit or, in the case of proprietary companies, the issue of new securities.
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The portion of a loss the insurer is left with after all reinsurance, salvage, or subrogation coverage.