Helping Communities Manage risks from the ground up.

 Agreements exist between primary insurers to coinsure, the objective being to stabilize funds. It is an alternative to reinsurance in that it enlarges the pool.

 An excess of benefit payouts over income. The gap is not random and so cannot be solved by reinsurance. The recovery gap is influenced by five factors, (1) the contribution rate or per capita premium; (2) the contribution base; (3) the declaration rate; (4) the collection rate; and (5) the expenditure. A shortfall in any of these can result in a deficit.

 The transfer of liability from the primary insurer, the company that issued the contract, to another insurer, the reinsurance company. This mechanism allows a diversification of the risk and enlarges the risk-pooling base, thereby reducing the risk of insolvency. However, reinsurance is not a panacea for poorly run or unviable insurance and its cover extends to risk of fluctuations in payouts.

 The amount charged by the reinsurer to accept an agreed amount of risk.

 Reinsurers typically require that the insurer retains the first proportion of risk for any event. That proportion is the threshold as it is equivalent to the deductible or excess borne by the insured when making a claim against property insurance.

 (1) Funds held either for a possible but unknown event (contingency funds) or due to regulation. A major financial management goal is to minimize reserves and thus maximize funds available for current use. (2) The sum of the reinsurance threshold plus the premium. The microinsurer must have this amount at the beginning of each financial period to ensure its solvency.

 See cession.

 The probability or likelihood that a specified health event (for example, the occurrence of a disease or death) will occur to an individual or population group within a specific period of time.

 The process by which fluctuations in risk are reduced by averaging the risks over large numbers and heterogeneous memberships. Insurers risks pool through reinsurance.

 The price of insurance is equal to the expected value of the loss based on “no-gain-no-loss” (without overhead or profit); a.k.a. “pure premium” or “actuarially fair premium”. See Contribution rate

 Each individual faces their own risks without pooling.

 Individuals agree to split the cost of risky events. Insurers share risk through reciprocal relationships. Loan guarantees and insurance are among the many ways of sharing risks.

 See Transference

 Agreements exist between primary insurers to coinsure, the objective being to stabilize funds. It is an alternative to reinsurance in that it enlarges the pool.

 An excess of benefit payouts over income. The gap is not random and so cannot be solved by reinsurance. The recovery gap is influenced by five factors, (1) the contribution rate or per capita premium; (2) the contribution base; (3) the declaration rate; (4) the collection rate; and (5) the expenditure. A shortfall in any of these can result in a deficit.

 The transfer of liability from the primary insurer, the company that issued the contract, to another insurer, the reinsurance company. This mechanism allows a diversification of the risk and enlarges the risk-pooling base, thereby reducing the risk of insolvency. However, reinsurance is not a panacea for poorly run or unviable insurance and its cover extends to risk of fluctuations in payouts.

 The amount charged by the reinsurer to accept an agreed amount of risk.

 Reinsurers typically require that the insurer retains the first proportion of risk for any event. That proportion is the threshold as it is equivalent to the deductible or excess borne by the insured when making a claim against property insurance.

 (1) Funds held either for a possible but unknown event (contingency funds) or due to regulation. A major financial management goal is to minimize reserves and thus maximize funds available for current use. (2) The sum of the reinsurance threshold plus the premium. The microinsurer must have this amount at the beginning of each financial period to ensure its solvency.

 See cession.

 The probability or likelihood that a specified health event (for example, the occurrence of a disease or death) will occur to an individual or population group within a specific period of time.

 The process by which fluctuations in risk are reduced by averaging the risks over large numbers and heterogeneous memberships. Insurers risks pool through reinsurance.

 The price of insurance is equal to the expected value of the loss based on “no-gain-no-loss” (without overhead or profit); a.k.a. “pure premium” or “actuarially fair premium”. See Contribution rate

 Each individual faces their own risks without pooling.

 Individuals agree to split the cost of risky events. Insurers share risk through reciprocal relationships. Loan guarantees and insurance are among the many ways of sharing risks.

 See Transference

 Agreements exist between primary insurers to coinsure, the objective being to stabilize funds. It is an alternative to reinsurance in that it enlarges the pool.

 An excess of benefit payouts over income. The gap is not random and so cannot be solved by reinsurance. The recovery gap is influenced by five factors, (1) the contribution rate or per capita premium; (2) the contribution base; (3) the declaration rate; (4) the collection rate; and (5) the expenditure. A shortfall in any of these can result in a deficit.

 The transfer of liability from the primary insurer, the company that issued the contract, to another insurer, the reinsurance company. This mechanism allows a diversification of the risk and enlarges the risk-pooling base, thereby reducing the risk of insolvency. However, reinsurance is not a panacea for poorly run or unviable insurance and its cover extends to risk of fluctuations in payouts.

 The amount charged by the reinsurer to accept an agreed amount of risk.

 Reinsurers typically require that the insurer retains the first proportion of risk for any event. That proportion is the threshold as it is equivalent to the deductible or excess borne by the insured when making a claim against property insurance.

 (1) Funds held either for a possible but unknown event (contingency funds) or due to regulation. A major financial management goal is to minimize reserves and thus maximize funds available for current use. (2) The sum of the reinsurance threshold plus the premium. The microinsurer must have this amount at the beginning of each financial period to ensure its solvency.

 See cession.

 The probability or likelihood that a specified health event (for example, the occurrence of a disease or death) will occur to an individual or population group within a specific period of time.

 The process by which fluctuations in risk are reduced by averaging the risks over large numbers and heterogeneous memberships. Insurers risks pool through reinsurance.

 The price of insurance is equal to the expected value of the loss based on “no-gain-no-loss” (without overhead or profit); a.k.a. “pure premium” or “actuarially fair premium”. See Contribution rate

 Each individual faces their own risks without pooling.

 Individuals agree to split the cost of risky events. Insurers share risk through reciprocal relationships. Loan guarantees and insurance are among the many ways of sharing risks.

 See Transference

 Agreements exist between primary insurers to coinsure, the objective being to stabilize funds. It is an alternative to reinsurance in that it enlarges the pool.

 An excess of benefit payouts over income. The gap is not random and so cannot be solved by reinsurance. The recovery gap is influenced by five factors, (1) the contribution rate or per capita premium; (2) the contribution base; (3) the declaration rate; (4) the collection rate; and (5) the expenditure. A shortfall in any of these can result in a deficit.

 The transfer of liability from the primary insurer, the company that issued the contract, to another insurer, the reinsurance company. This mechanism allows a diversification of the risk and enlarges the risk-pooling base, thereby reducing the risk of insolvency. However, reinsurance is not a panacea for poorly run or unviable insurance and its cover extends to risk of fluctuations in payouts.

 The amount charged by the reinsurer to accept an agreed amount of risk.

 Reinsurers typically require that the insurer retains the first proportion of risk for any event. That proportion is the threshold as it is equivalent to the deductible or excess borne by the insured when making a claim against property insurance.

 (1) Funds held either for a possible but unknown event (contingency funds) or due to regulation. A major financial management goal is to minimize reserves and thus maximize funds available for current use. (2) The sum of the reinsurance threshold plus the premium. The microinsurer must have this amount at the beginning of each financial period to ensure its solvency.

 See cession.

 The probability or likelihood that a specified health event (for example, the occurrence of a disease or death) will occur to an individual or population group within a specific period of time.

 The process by which fluctuations in risk are reduced by averaging the risks over large numbers and heterogeneous memberships. Insurers risks pool through reinsurance.

 The price of insurance is equal to the expected value of the loss based on “no-gain-no-loss” (without overhead or profit); a.k.a. “pure premium” or “actuarially fair premium”. See Contribution rate

 Each individual faces their own risks without pooling.

 Individuals agree to split the cost of risky events. Insurers share risk through reciprocal relationships. Loan guarantees and insurance are among the many ways of sharing risks.

 See Transference

 Agreements exist between primary insurers to coinsure, the objective being to stabilize funds. It is an alternative to reinsurance in that it enlarges the pool.

 An excess of benefit payouts over income. The gap is not random and so cannot be solved by reinsurance. The recovery gap is influenced by five factors, (1) the contribution rate or per capita premium; (2) the contribution base; (3) the declaration rate; (4) the collection rate; and (5) the expenditure. A shortfall in any of these can result in a deficit.

 The transfer of liability from the primary insurer, the company that issued the contract, to another insurer, the reinsurance company. This mechanism allows a diversification of the risk and enlarges the risk-pooling base, thereby reducing the risk of insolvency. However, reinsurance is not a panacea for poorly run or unviable insurance and its cover extends to risk of fluctuations in payouts.

 The amount charged by the reinsurer to accept an agreed amount of risk.

 Reinsurers typically require that the insurer retains the first proportion of risk for any event. That proportion is the threshold as it is equivalent to the deductible or excess borne by the insured when making a claim against property insurance.

 (1) Funds held either for a possible but unknown event (contingency funds) or due to regulation. A major financial management goal is to minimize reserves and thus maximize funds available for current use. (2) The sum of the reinsurance threshold plus the premium. The microinsurer must have this amount at the beginning of each financial period to ensure its solvency.

 See cession.

 The probability or likelihood that a specified health event (for example, the occurrence of a disease or death) will occur to an individual or population group within a specific period of time.

 The process by which fluctuations in risk are reduced by averaging the risks over large numbers and heterogeneous memberships. Insurers risks pool through reinsurance.

 The price of insurance is equal to the expected value of the loss based on “no-gain-no-loss” (without overhead or profit); a.k.a. “pure premium” or “actuarially fair premium”. See Contribution rate

 Each individual faces their own risks without pooling.

 Individuals agree to split the cost of risky events. Insurers share risk through reciprocal relationships. Loan guarantees and insurance are among the many ways of sharing risks.

 See Transference

 Agreements exist between primary insurers to coinsure, the objective being to stabilize funds. It is an alternative to reinsurance in that it enlarges the pool.

 An excess of benefit payouts over income. The gap is not random and so cannot be solved by reinsurance. The recovery gap is influenced by five factors, (1) the contribution rate or per capita premium; (2) the contribution base; (3) the declaration rate; (4) the collection rate; and (5) the expenditure. A shortfall in any of these can result in a deficit.

 The transfer of liability from the primary insurer, the company that issued the contract, to another insurer, the reinsurance company. This mechanism allows a diversification of the risk and enlarges the risk-pooling base, thereby reducing the risk of insolvency. However, reinsurance is not a panacea for poorly run or unviable insurance and its cover extends to risk of fluctuations in payouts.

 The amount charged by the reinsurer to accept an agreed amount of risk.

 Reinsurers typically require that the insurer retains the first proportion of risk for any event. That proportion is the threshold as it is equivalent to the deductible or excess borne by the insured when making a claim against property insurance.

 (1) Funds held either for a possible but unknown event (contingency funds) or due to regulation. A major financial management goal is to minimize reserves and thus maximize funds available for current use. (2) The sum of the reinsurance threshold plus the premium. The microinsurer must have this amount at the beginning of each financial period to ensure its solvency.

 See cession.

 The probability or likelihood that a specified health event (for example, the occurrence of a disease or death) will occur to an individual or population group within a specific period of time.

 The process by which fluctuations in risk are reduced by averaging the risks over large numbers and heterogeneous memberships. Insurers risks pool through reinsurance.

 The price of insurance is equal to the expected value of the loss based on “no-gain-no-loss” (without overhead or profit); a.k.a. “pure premium” or “actuarially fair premium”. See Contribution rate

 Each individual faces their own risks without pooling.

 Individuals agree to split the cost of risky events. Insurers share risk through reciprocal relationships. Loan guarantees and insurance are among the many ways of sharing risks.

 See Transference