Page 54 - The Insurance Times July 2020

Poll Do you think Online Insurance Education will
Glossary

get a big boost.

Yes Results of Poll in our June 2020 Issue

No Do you think the direct sales force must use
technology to leverage sales.
Can’t say

You may send your views to :
Poll Contest, The Insurance Times Yes 100
25/1, Baranashi Ghosh Street, Kolkata - 700 007 No 00
Fraternal Insurance
Phone : 2269 6035, 2218 4184, 4007 8428 Can’t say 00
A form of group coverage or disability Email: insurance.kolkata@gmail.com
insurance available to members of a
fraternal organization.

Fronting
An arrangement in which a primary View latest Webinars on
insurer acts as the insurer of record by
issuing a policy, but then passes the Insurance and
entire risk to a reinsurer in exchange for
a commission. Often, the fronting
insurer is licensed to do business in a Risk Management
state or country where the risk is
located, but the reinsurer is not.
at
Generally Accepted Accounting
Principles (GAAP) www.rmaindia.org/webinar
An aggregate of the accounting
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for the preparation of financial
statements allowing for consistency in
reporting.

54 The Insurance Times, July 2020