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What Term Describes the Process of Reinsurers Themselves Reinsuring in Order

question 25

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What term describes the process of reinsurers themselves reinsuring in order to reduce risk?


Definitions:

Computers

Electronic devices designed to accept data, perform prescribed mathematical and logical operations at high speed, and display the results.

Expected Value

The sum of all possible values each multiplied by its probability of occurrence.

Binomial Distribution

A probability distribution that models the number of successes in a fixed number of independent Bernoulli trials with the same probability of success.

Equation

An equation is a mathematical statement that asserts the equality of two expressions, typically containing one or more variables.

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