0 if an insurance company reinsures, it buys insurance from other companies to protect itself against large demands from its customers:
The company doesn't like to reinsure catastrophe insurers, as natural disasters like storms are becoming increasingly unpredictable.
Unfortunately, pension funds that have outsourced investments but not reinsured their liabilities are not captured by this variable.
Either employers now pay wages for sick employees directly, or as most of them have done, reinsure the risk with private insurance companies.
Fully reinsured pension funds have transferred all liability risks and (downward) investment risks of their (nominal) pension claims to an insurance company.
In contrast, partly reinsured pension funds have transferred some of their liability and investment risks to an insurance company.
In addition, we include two dummy variables for, respectively, fully and partly reinsured pension funds, reflecting full or partial coverage of liabilities and investment risks and outsourcing of investment management.
No claims have arisen in respect of aircraft reinsured.
For the complex to be reinsured, it must be redesigned on the seaward side.
It is true that there is an agreement with this country which reinsures the insurance rate.
