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.
The concept is, thankfully, simple. The Net Written Premium of an insurance company is simply the total value of the premiums that will be retained by an insurance business. Premiums Written + Reinsurance Assumed â Reinsurance Ceded = Net Written Premium. In essence this is, hopefully, an obvious idea.