Reinsurance

Bank Services | Week 1

8 Topics
|
1 Quiz
- JSS2: Business Studies - Bank Services
Insurance | Week 2

7 Topics
|
1 Quiz
- JSS2: Business Studies - Insurance
Personal Qualities of an Entrepreneur | Week 3

1 Topic
|
1 Quiz
1. Personal Qualities of an Entrepreneur
- JSS2: Business Studies - Personal Qualities of an Entrepreneur
Business Opportunities | Week 4

2 Topics
|
1 Quiz
1. Definition of Business Opportunity
2. Types of Business Opportunities
- JSS2: Business Studies - Business Opportunities
Consumer Rights and Responsibilities | Week 5

2 Topics
|
1 Quiz
1. Consumer Rights
2. Responsibilities of the Consumer
- JSS2: Business Studies - Consumer Rights
Shopping Tips | Week 6

4 Topics
|
1 Quiz
- JSS2: Business Studies - Shopping Tips
Bookkeeping Ethics I | Week 7

2 Topics
1. Definition of TAP
2. Attributes of TAP (Due Process & Truthfulness)
Bookkeeping Ethics II | Week 8

2 Topics
|
1 Quiz
1. Attributes of TAP 2 (Openness, Fairness, Impartiality, Respect for the Rule of Law)
2. Problems Created by Lack of Tap and Their Solutions
- JSS2: Business Studies - Bookkeeping Ethics
Ledger Entries | Week 9

3 Topics
|
1 Quiz
- JSS2: Business Studies - Ledger Entries
Petty Cash Book | Week 10

7 Topics
|
1 Quiz
- JSS2: Business Studies - Petty Cash Book

Quizzes

JSS2: Business Studies - 2nd Term Examination

JSS2: BUSINESS STUDIES – 2ND TERM Insurance | Week 2 Reinsurance

Lesson 2, Topic 6

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Reinsurance

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Topic Content:

Meaning of Reinsurance

The risk involved in an insurance policy may be too much to bear for just one insurance company. That insurance company can decide to purchase insurance from another insurance company in such an event, in order to spread out the risk.

The transfer of risk from one insurance company to another is called reinsurance. With reinsurance, the company passes on some part of its own insurance liabilities to the other insurance company.