0 insurance bought by an insurance company to protect itself against large demands from its customers:
As reinsurance premiums are booked separately, we would have expected lower costs.
The remaining risk could then be taken into account by means of reinsurance as for usual insurance contracts.
Finally, reinsurance, that is, the outsourcing of liabilities and investment, reduces costs, as expected.
Where administration is included in the outsourcing contract, the administrative costs are included in the reinsurance premium.
Often, also outsourcing of administration is part of the reinsurance contract.
Sometimes these costs are included in the premium of reinsurance contracts.
The reinsurance dummy, the percentage of pensioners and pension governance variables have some - although much less - explanatory power, whereas the contribution of the type of pension scheme is negligible.
There is no time limit on the other form of reinsurance, which is now called the national interest reinsurance facility.
