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P. P/ P& Pa Pc Pd Pe Ph Pi Pl Pm Pn Po Pp Pr Ps Pt Pu Py
Poa Pod Poe Poi Pol Poo Pop Por Pos Pot Pou Pow

Portable x-ray

Radiological procedure performed outside of a permanent location (e.g., patient’s home). It is done using portable radiological equipment by a licensed technician and under the general supervision of a physician.

Portfolio

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.

Portfolio Claims

Used in proportional reinsurance. The outstanding claims that, together with the portfolio premiums, make up the reinsurance premium required for a portfolio transfer; usually used to transfer obligations from one year of accident to the next.
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See: “Reinsurance, Portfolio Claims.”

Portfolio Entry

Part of the mechanics of instituting a reinsurance treaty. It may be arranged on varying basis, such as new and renewal business or business in force, any and all of which are referred to as the portfolio entry.

Portfolio Reinsurance

REINSURANCE: A type of reinsurance which refers to all the risks of the reinsurance transaction. For example, if one company reinsurers all of another’s outstanding Automobile business, the reinsuring company is said to assume the, “portfolio” of Automobile business and it is paid the total of the unearned premium on all the risks so reinsured (less some agree commission).
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In transactions of reinsurance, it refers to all the risks of the reinsurance transaction. For example, if one company reinsures all of another’s outstanding automobile business, the reinsuring company is said to assume the portfolio of automobile business and it is paid the total of the unearned premium on all the risks so reinsured (less some agreed commission).
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UK: The transfer by cession of an entire portfolio of policies from a cedant to a reinsurer. It may be prompted by the cedant wishing to exit a particular line of business. Alternatively the reinsurer assumes a percentage of the entire portfolio of the cedant’s business in a selected line or all lines of business.
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REINSURANCE: The transfer of portfolio via a cession of reinsurance; the reinsurance of a runoff. Only policies in force (or losses outstanding) are reinsured, and no new or renewal business is included. Premium or loss portfolios, or both, may be reinsured. The term is sometimes applied to the reinsurance by one insurer of all business in force of another insurer retiring from an agency from a territory or from the insurance business entirely.