Page 17 - Insurance Glossary 100 Terms - Sashi Publications

Reinsurance: Insurance purchased by an

insurance company to reduce its risk.

Reputational Risk: The risk of loss due to

damage to a firm's reputation.

Residual Risk: The risk that remains after

risk treatment has been applied.

Revival: Reinstating a lapsed policy by

paying overdue premiums and interest.

Rider: An add-on benefit that can be added

to a basic insurance policy.