The effect of substrate concentration on the rate of enzyme-controlled reactions Remember that in biology or biochemistry, the reactant in an enzyme reaction is known as the substrate. What follows is a very brief and simple look at a very complicated topic.
A reinsurance contract is a contract of indemnity, meaning that it becomes effective only when the insurance company has made a payment to the original policyholder. Reinsurance provides a way for the insurance company to protect itself from financial disaster and ruin by passing on the risk to other companies.
Reinsurance is essentially 'insurance for the insurers' For example; insurance company A is based in Florida and covers 10,000 homes on the coast. They're exposed to hurricanes so want to cover the risk that a storm comes in an blows those 10,000 houses away. So they buy their own (re)insurance from a reinsurer who covers that risk for them.