Lloyd's of London: related pages
Reinsurance
Insurance for insurers. They pass on to reinsurers risks that they cannot absorb themselves.
Adverse selection
The tendency for those most at risk to be those most likely to buy insurance.
Moral hazard
Refers to the likelihood of a person or organisation willing to take on more risk as they are covered by insurance.
Uberrimae fides
The duty of a person buying insurance to to disclose all relevant information.
Catastrophe bonds
Securities whose value falls if certain events take place. An alternative to insurance and a way of securitising insurance.
Copyright Graeme Pietersz © 2005-2019
