REINSURER - an insurance organization that accepts objects for reinsurance. A company that exclusively engages in reinsurance operations is called a professional reinsurer.

REINSURANCE TREATY - an agreement between two insurance companies, in which one company, the reinsurer, agrees to transfer risks, and the other company, the reinsured, agrees to accept risks for reinsurance.

RETURN OF THE INSURANCE PREMIUM - possible in cases of early termination of the contract at the initiative of one of the parties, in cases of double insurance, and when the insurer agrees to insure an object at an increased rate and returns part of the premium if the risk is not actually realized.

RENEW POLICY - a written agreement with a fixed insurance sum that allows for the coverage of multiple shipments of goods, provided that the insurer is promptly informed about them. The general policy remains in effect until the entire limit of the specified insurance sum is utilized (declared).

ROAD ACCIDENT (ALSO KNOWN AS A TRAFFIC ACCIDENT) - an event that occurs during the movement of a motor vehicle, resulting in the death or bodily injury of individuals or causing material damage. It includes the collision of vehicles during their movement, the collision of a moving vehicle with mobile and immobile objects, and the overturning of a vehicle during its movement.

REINSURANCE - an operation between two insurance companies in which one of them (the cedent) transfers, on its own behalf and for a certain fee, a portion of the risk under a contract concluded with the policyholder to another company (the reinsurer). Reinsurance allows for the fragmentation of large risks by dividing them among two or more insurers, which contributes to the balance of each insurer's insurance portfolio. Reinsurance increases the financial reliability of insurers and enhances their overall capacity to expand the volume of insurance services. Reinsurance can be facultative (under separate agreements) or contractual (mandatory). The latter obliges the cedent to transfer all risks within a specified amount, the nature and size of which are determined by the terms of the contract. There are two forms of reinsurance - proportional and non-proportional.

RETURN OF THE INSURANCE PREMIUM - possible in cases of early termination of the contract at the initiative of one of the parties, in case of double insurance, as well as in cases where the insurer, by agreement, accepts an object for insurance at an increased rate and returns a portion of the premium if the risk is not actually realized.

REINSURER - an insurance organization that accepts objects for reinsurance. A company that exclusively carries out reinsurance operations is called professional reinsurance.

REINSURANCE - an operation between two insurance companies in which one of them (the cedent) transfers, on its behalf and for a certain fee, a portion of the risk under a contract entered into with the policyholder to another company (reinsurer). Reinsurance allows for the fragmentation of large risks by sharing them between two or more insurers, which contributes to the balance of each insurer's insurance portfolio. Reinsurance increases the financial reliability of insurers and increases their overall capacity to expand the volume of insurance services. Reinsurance can be facultative (under separate agreements) and treaty (mandatory). The latter obliges the cedent to transfer to reinsurance within a specified amount all risks, the nature and size of which are determined by the terms of the contract. There are two forms of reinsurance - proportional and non-proportional.

RETURN OF THE INSURANCE PREMIUM - possible in cases of early termination of the contract at the initiative of one of the parties, in case of double insurance, as well as in cases when the insurer, by agreement, accepts an object for insurance at an increased rate and returns a portion of the premium if the risk is not actually realized.

REGRESS - the insurer's right to make a claim against a third party responsible for an insurance event in order to receive compensation for the damage caused within the actual amount paid to the policyholder.

RESERVE FUND OF ENTERPRISE / RISK FUND - created to ensure uninterrupted production in case of risk situations. It is formed from profits in an amount determined by the company's charter. Typically, it does not exceed 25% of the statutory fund. The reserve fund of an enterprise is used to cover relatively small losses caused by unforeseen circumstances. It allows for the inclusion of a deductible in insurance contracts.

RISK MANAGEMENT - systematic study of risks that pose a threat to people, property, and business interests, as well as the development and implementation of measures aimed at addressing the risk issue. Risk management includes identifying risk susceptibility, analyzing the degree of protection against risk, developing risk control options, taking measures for physical destruction or reduction of risk, financing potential risk through self-insurance or transferring risk to insurers. Risk management has its own specifics for each type of insurance.