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 insurance for insurance companies. Just as a homeowners or auto insurance policy reduces the amount of cash a person must have on hand to pay for a new car after an accident or to rebuild a home after a hurricane, a reinsurance contract can protect an insurance company against large catastrophic losses.