The process of settling claims for an account that has stopped accepting new risks. Run-off or legacy insurance offers continuing protection against liabilities after a business ceases to take on any new business. Participation in the run-off market represents an opportunity for insurers and reinsurers to benefit from proactively managing legacy books of business.
Register today for ILS Asia 2023, our next insurance-linked securities (ILS) market conference. Held in Singapore, July 13th, 2023.
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