Short-tail and long-tail reinsurance: for IPC_Holdings (IPCR)

Short-tail and long-tail reinsurance:

These excerpts taken from the IPCR 10-K filed Feb 27, 2009.

Short-tail and long-tail reinsurance:

Reinsurance products can be categorised as “short-tail” or “long-tail”. In general terms, short-tail and long-tail refer to the length of time between the assumption of a risk and the payment of claims in respect of that risk. Long-tail risks are those...

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Website: http://www.wikinvest.com

Related topics : short tail and long tail risks / long tail short tail claims / long tail casualty insurance / long tail insurance products / long tail insurance risks

long tail liability - Insurance Glossary | IRMI.com

IRMI Online > Glossary of Insurance & Risk Management Terms > Terms > L > long tail liability

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Website: https://www.irmi.com

Related topics : long tail insurance liabilities / long tail insurance risks / long tail insurance claims / long tail effect insurance / long tail insurance products

Short-tail and long-tail business for Chubb Ltd (ACE)

ACE » Topics » Short-tail and long-tail business

This excerpt taken from the ACE 10-K filed Feb 25, 2010.

Short-tail and long-tail business

 

Short-tail business

Short-tail business generally describes product lines for which losses are usually known and paid shortly after the loss actually occurs. This would include, for example, most property, personal accident, aviation hull, and automobile...

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Website: http://www.wikinvest.com

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Tail insurance: Who pays and when do you need it ...

SEE ARCHIVES

Now is the time to dust off those physician employment agreements and professional liability insurance policies, or if you are about to finish residency, now is the time to start thinking about how to negotiate an effective tail insurance provision. This means paying special attention to whether your professional liability insurance policy provides for claims-made or occurrence-based...

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Date: 2017-04-03 08:19:52
Website: http://www.amednews.com

Related topics : long tail insurance coverage / long tail insurance liabilities / long tail insurance claims / long tail effect insurance / define long tail insurance

Inflation Threatens Long-Tail (Re)insurance ...

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Interest rates are low right now, so monetary inflation is not an issue in the short term for the (re)insurance market. Look into the future a bit, however, and you can see how monetary inflation could turn into a threat. In two to five years, the effects of such measures as "quantitative easing" (i.e., a government's pumping money into a financial system to attain near-term stability)...

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Website: http://www.gccapitalideas.com

Related topics : long tail insurance risks / long tail insurance claims / long tail short tail insurance / long tail insurance business / long tail effect insurance

Occurrence vs. Claims-made Coverage | JUA

Occurrence vs. Claims-made Coverage

There are two types of coverages available in medical professional liability insurance: Claims-made and Occurrence. Your clear understanding of both types of coverage is essential to making a fully informed decision on which type of coverage to buy. Some carriers offer only Claims-made. Others offer both, but may limit access to Occurrence coverage to a few...

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Website: http://www.scjua.com

Related topics : long tail insurance coverage / long tail insurance claims / long tail risk coverage / long tail insurance liabilities

The "Long Tail" of e-commerce standards – Technology ...

The Long Tail concept dictates that only 80 percent of a group will agree on using a particular standard. For electronic commerce, that's a problem given the emergence of competing formats for data transmissions. New technologies may offer a solution.

Business-to-business (B2B) data standards are popular mechanisms for ensuring uniformity among the independent organizations that collaborate in a...

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Website: http://www.supplychainquarterly.com

Related topics : long tail concept in automotive industry / chris anderson wired long tail article / wired magazine the long tail article / long tail marketing concept / long tail concept example

The Difference Between 'Occurrence' and 'Claims Made ...

The Difference Between 'Occurrence' and 'Claims Made' Liability Coverage Forms

March 19, 2009

by Christopher J. Boggs, CPCU, ARM, ALCM

One of two coverage "trigger" forms is used to provide liability protection: the "occurrence form" or the "claims made" form. There is no difference in the breadth of coverage provided by either form, the difference lies in what "triggers" the policy to respond -...

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Website: http://www.mynewmarkets.com

Related topics : long tail insurance claims / long tail insurance coverage / long tail insurance risks / long tail insurance business

Office of the Commissioner of Insurance - Guidance Notes

Guideline on Anti-Money Laundering and Counter-Terrorist Financing (GN3) (Issued in January 2012 and revised in July 2012 and March 2015)

Pursuant to section 7 of the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap.615) and section 4A of the Insurance Companies Ordinance (Cap.41), the Insurance Authority ("IA") published in the Gazette the...

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Date: 2017-02-27 03:05:20
Website: http://www.oci.gov.hk

Related topics : long tail insurance business / long tail insurance risks / long tail insurance liabilities / define long tail insurance / long tail insurance claims

Pollution Coverage Issues | IRMI.com

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Pollution Coverage Issues

Summary

Includes IRMI Environmental Insurance Reporter for updates in the law, exposures, and coverages.

If you paid a coverage lawyer to reproduce even a fraction of this information, the cost would reach $50,000 or more in legal fees! Pollution Coverage Issues will save you untold hours scouring treatises, law...

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Website: https://www.irmi.com

Related topics : long tail insurance claims / long tail insurance coverage

Malpractice Insurance FAQ | CPH & Associates

Malpractice Insurance Coverage

What is the differences between Occurrence-based and Claims Made policies?

Occurrence coverage is lifetime coverage for the policy period. This means that if there is a claim or suit against you, as long as you were insured at the time of the incident or treatment that resulted in the claim or suit, this policy will still apply. The premium will also remain the same...

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Website: http://www.cphins.com

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Professional liability insurance - Wikipedia

Professional liability insurance policies are generally set up based on a claims-made basis, meaning that the policy only covers claims made during the policy period. More specifically a typical policy will provide indemnity to the insured against loss arising from any claim or claims made during the policy period by reason of any covered error, omission or negligent act committed in the conduct...

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Date: 2017-03-22 02:07:25
Website: https://en.wikipedia.org

Related topics : long tail insurance coverage / long tail insurance liabilities / long tail insurance claims