Concept information
Término preferido
reinsurance
Definición
- Disasters and crises—large-scale, natural, and human-made events including, but not limited to, accidental, biological, climatological, financial, geophysical, hydrological, meteorological, technological, and terrorism-related events—often leave in their wake immense losses that are generally too high for an individual household or firm to solely assume. In contrast, the fundamental objective of insurance is to spread high individual risk of loss across a larger pooled group that is better situated to absorb this overall loss risk. [Source: Encyclopedia of Crisis Management; Reinsurance]
Concepto genérico
Pertenece al grupo
URI
http://data.loterre.fr/ark:/67375/N9J-ZR2KJ1ND-P
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