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BUSINESS CHAMBERS

Business Unity South Africa

BUSA represents South African business on macro-economic and high-level issues that affect it at the national and international levels. Our function is to ensure that business plays a constructive role in the country’s economic growth, development and transformation and to create an environment in ...
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South African Chamber of Business

With wide-ranging changes taking place in South Africa, as well as internationally, business people will find it more difficult to operate in isolation and ensure survival. The chamber movement represented by the South African Chamber of Business (SACOB) and its almost 100 constituent chambers is a ...
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From The Glossary »

Portfolio Reinsurance (transfer):

Reinsurance on a bulk basis. Occurs frequently at the inception or termination of a reinsurance treaty. Also used as a means by which a company may retire from a particular agency, territory, class of insurance business or from the insurance business entirely. All business in force of the type, line or class which the company desires to reinsure is usually reinsured by the payment of the unearned premium reserve to the reinsurer less an agreed commission ...
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