Money & WorkFact

Your insurer has an insurer too.

Reinsurers take on parts of the risks carried by primary insurers. That cushions huge events like storms or earthquakes, substitutes for capital, and makes aircraft or industrial plants insurable at all. The reinsurer never deals with you – your primary insurer always owes the payout.

Useful: That is why your premium can move because of catastrophes on the other side of the world.

Source: de.wikipedia.org

Risiko UnternehmenVersicherung

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