What is Reinsurance Recoverable?
In this glossary, Reinsurance Recoverable refers to: The amount of paid or unpaid claims and claim adjustment expenses that an insurer is entitled to recover from reinsurers under reinsurance contracts.
How is Reinsurance Recoverable used in finance?
In finance communication, this term appears in contexts such as: "The insurer reported reinsurance recoverable as an asset on its balance sheet, pending settlement from its reinsurers."
Why does Reinsurance Recoverable matter in finance?
Reinsurance Recoverable matters because it supports clear communication in Insurance contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.
Who uses Reinsurance Recoverable?
Reinsurance Recoverable is mainly used by Financial Analysts, Bankers, and Traders.
What category does Reinsurance Recoverable belong to?
In this glossary, Reinsurance Recoverable is grouped under Insurance. Related pages in this category explain adjacent procedures, commands and operational concepts.
Where does this definition come from?
This definition is sourced from CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework and published by Protermify Finance as a static finance reference page.