UK: (1) an identifiable and usually homogeneous group of risks for which an insurer has assumed liability; (2) a parcel of investments associated with such a collection of risks.
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(i) The securities in which the assets of the Company are invested. (ii) The Reinsurance held by an Insurer. (iii) The entire collection of an Insurer’s assets or liabilities.
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MEDICAL,USA: 1. A compilation of items that represents a job applicant’s skills. 2. Insurance company’s total investments in financial securities. 3. All products offered by an insurance company.
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UK: A defined body of: (a) insurance policies in force, a premium portfolio; (b) outstanding losses, loss portfolio; (c) company investments, investment portfolio.
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REINSURANCE: A detailed body of (a) insurance policies in force known as a premium portfolio (b) outstanding losses known as a loss portfolio, or (c) insurer investments (known as an investment portfolio). The reinsurance of all existing insurance as well as new and renewal business is therefore described as a running account reinsurance with portfolio transfer or assumption.)
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REINSURANCE: A reinsurance term that defines a body of: 1) insurance (policies) in force (premium portfolio), 2) outstanding losses (loss portfolio), or 3) company investments (investment portfolio). The reinsurance of all existing insurance, as well as new and renewal business, is therefore described as a running account reinsurance with portfolio transfer or assumption.
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A term which can refer to all the assets in which a company has invested. This term can also refer to all of the policies in effect and losses unsettled.
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All of an insurer’s in-force policies and outstanding losses, respecting described segments of its business.
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REINSURANCE: This refers to unearned premiums and outstanding claims-entry and withdrawal of which made under treaties operating on clean cut basis whereas treaties written on Underwriting year basis in force in business is allowed to run to their normal expiration even on termination.