why use reinsurance Flashcards
1
Q
Acronym
A
PLASTR ON
2
Q
P
A
Parameter risk reduced
3
Q
L
A
Limit amount on claim / single claim
4
Q
A
A
Aggregation of risks, not otherwise possible to manage
5
Q
S
A
Separate out different risks in product
6
Q
T
A
Technical assistance
7
Q
R
A
Reduce claim fluctutations
8
Q
O
A
Overall capital requirements reduced
9
Q
N
A
New business strain reduced
