A type of insurance that pays the policyholder’s creditors should the policyholder be unemployed against his or her will; for example, because of layoffs, strike, or lockout.
Insurance Encyclopedia
Inward reinsurance
See: Assumed Reinsurance.
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Reinsurance that is assumed by a Lloyd’s syndicate or other carrier as distinct from outward reinsurance.
Inwards
Reinsurance business accepted or written by an insurer or reinsurer, as opposed to outwards reinsurance which is ceded to a reinsurer.