What Is a Bordereau?

A bordereau is a report submitted by an insurance broker to an insurance company, providing details of the insurance policies that have been arranged for a client. The report includes information on the nature of the risk covered, the premium charged and the period of cover.

What is facultative reinsurance?

Facultative reinsurance is a type of reinsurance in which the insurer and the reinsured company agree to each case on an individual basis. This gives the insurer more flexibility in how it manages its risk, but it also means that the reinsured company has less certainty about its coverage.

What is a Boudreaux insurance?

Boudreaux insurance is a type of corporate insurance that is designed to protect businesses from the financial losses that can occur as a result of employee theft, fraud, or other criminal activity. This type of insurance can help to cover the costs of investigations, legal fees, and other expenses that may be associated with such activity.

What is a Cessionary and cedent?

A cessionary is an individual or organization that is the recipient of a cession, which is the transfer of a right or property from one individual or organization to another. The cedent is the individual or organization that is transferring the right or property. What is a Bordereau analyst? A Bordereau analyst is a corporate insurance professional who is responsible for managing and analyzing bordereau data. Bordereau data is a type of data that is used to track and manage insurance policies. The analyst is responsible for ensuring that the data is accurate and up to date, and that it is used to improve the efficiency of the insurance policy management process. What is reinsurance in simple words? Reinsurance is a type of insurance that companies purchase to protect themselves against large financial losses. It is a way to transfer risk from one company to another.

For example, let's say Company A has a policy that covers $100 million in damages. Company A is concerned that a loss of $100 million could bankrupt the company, so it purchases reinsurance from Company B. Company B agrees to pay $50 million of any damages that Company A incurs, up to $100 million. Now, if Company A suffers a $100 million loss, it will only have to pay $50 million, because the reinsurance will cover the other $50 million.

Reinsurance is a common way for companies to protect themselves against catastrophic losses. It allows companies to stay in business even if they suffer a major loss.