Professionals: Short-term » Knowledge Base

A Common Household Oil Fire »			Accident Fact Kit »
Arbitration »			Artificial Intelligence »
Average and Under-Insurance »			Basic Business Guidelines (ex MM III) »
Big Data and the Internet of Things »			Black Economic Empowerment (BEE) »
Blockchain »			Case Law »
Climate Change »			Companies Act 71 of 2008 »
Company Results »			Competition Issues »
Compliance Updates »			Conflict of Interest »
Construction and Engineering Insurance »			Consumer Protection Act 2008 »
Contract Certainty »			CPI Workshops: Insurance Pricing Seminar 2006 »
Credit Insurance »			Cyber Risks »
Demarcation between Health Insurance Policies and Medical Schemes »			Disability Claims »
Drones and Insurance »			Duty of Good Faith and Disclosure »
Education and Training »			Ethics in Business »
Extra Compensatory Damages »			FAIS »
Financial Condition Reporting »			Financial Sector Charter »
Flood Damage »			Fraud »
Genetic Testing »			Global Insurance Markets »
Governance »			How Sovereign Ratings Impact on Insurance »
IBNR Reserves »			Industry Codes and Standards »
Industry Results »			Industry Structure »
Injury in the Workplace »			Insurance Crime & Fraud Prevention »
Insurance Cycles »			Insurance Industry Analysis »
Insurance Industry Surveys »			Insurer Capital »
Intellectual Property »			Interesting and Unusual Risks »
Intermediaries Liability Exposures »			Investing in Africa »
Liability »			Marine Insurance »
Mergers and Acquisitions Insurance »			Micro-insurance »
Motor Vehicles »			Multi National Insurance Programmes »
National Development Plan »			New Financial Sector Framework - March 2011 »
Newsletters »			Ombudsman for Short-term Insurance »
Other Glossaries »			Piracy Risks »
Political Risks »			Power Outages »
Professional Indemnity »			Professionalism »
Protection of Personal Information »			Re-insurance »
Regulatory Environment »			Regulatory Reform »
Reputation »			Retail Distribution Review »
Risk Management »			Road Accident Fund Act (RAF) »
Solvency Assessment and Management (SAM) »			The English Insurance Act 2015 »
The Insurance Act »			Treating Customers Fairly »
Tsunami »			Underwriting Managers »
WITS Insurance and Risk Management Course »

From The Glossary »

Automatic Reinsurance:

A reinsurance procedure whereby the reinsuring company binds itself unconditionally to accept reinsurance for specified amounts in proportion to the amount retained at its own risk by the direct writing company. This permits the direct writing company to issue a policy at once if the amount of insurance is within its own retention plus the automatic coverage.

More Definitions »