This HTML5 document contains 26 embedded RDF statements represented using HTML+Microdata notation.

The embedded RDF content will be recognized by any processor of HTML5 Microdata.

Namespace Prefixes

PrefixIRI
dctermshttp://purl.org/dc/terms/
dbohttp://dbpedia.org/ontology/
foafhttp://xmlns.com/foaf/0.1/
n13https://global.dbpedia.org/id/
dbthttp://dbpedia.org/resource/Template:
rdfshttp://www.w3.org/2000/01/rdf-schema#
rdfhttp://www.w3.org/1999/02/22-rdf-syntax-ns#
owlhttp://www.w3.org/2002/07/owl#
wikipedia-enhttp://en.wikipedia.org/wiki/
dbchttp://dbpedia.org/resource/Category:
dbphttp://dbpedia.org/property/
provhttp://www.w3.org/ns/prov#
xsdhhttp://www.w3.org/2001/XMLSchema#
wikidatahttp://www.wikidata.org/entity/
dbrhttp://dbpedia.org/resource/

Statements

Subject Item
dbr:Lloyd's_of_London
dbo:wikiPageWikiLink
dbr:Reinsurance_to_close
Subject Item
dbr:Reinsurance_to_close
rdfs:label
Reinsurance to close
rdfs:comment
Reinsurance to close (RITC) is a business transaction whereby the estimated future liabilities of an insurance company are reinsured into another, in order that the profitability of the former can be finally determined. It is most closely associated with the Lloyd's of London insurance market that comprises numerous competing "syndicates", and in order to close each accounting year and declare a profit or loss, each syndicate annually "reinsures to close" its books. In most cases, the liabilities are simply reinsured into the subsequent accounting year of the same syndicate, however, in some circumstances the RITC may be made to a different syndicate or even to a company outside of the Lloyd's market.
dcterms:subject
dbc:Types_of_insurance dbc:Actuarial_science
dbo:wikiPageID
60437977
dbo:wikiPageRevisionID
1006398687
dbo:wikiPageWikiLink
dbc:Types_of_insurance dbc:Actuarial_science dbr:Working_capital dbr:Loss_reserving dbr:Reinsurance dbr:Asbestosis dbr:Lloyd's_of_London dbr:Actuarial_science dbr:Incurred_but_not_reported
owl:sameAs
wikidata:Q65063958 n13:AVk2C
dbp:wikiPageUsesTemplate
dbt:Reflist dbt:Refimprove dbt:Insurance
dbo:abstract
Reinsurance to close (RITC) is a business transaction whereby the estimated future liabilities of an insurance company are reinsured into another, in order that the profitability of the former can be finally determined. It is most closely associated with the Lloyd's of London insurance market that comprises numerous competing "syndicates", and in order to close each accounting year and declare a profit or loss, each syndicate annually "reinsures to close" its books. In most cases, the liabilities are simply reinsured into the subsequent accounting year of the same syndicate, however, in some circumstances the RITC may be made to a different syndicate or even to a company outside of the Lloyd's market.
prov:wasDerivedFrom
wikipedia-en:Reinsurance_to_close?oldid=1006398687&ns=0
dbo:wikiPageLength
4736
foaf:isPrimaryTopicOf
wikipedia-en:Reinsurance_to_close
Subject Item
wikipedia-en:Reinsurance_to_close
foaf:primaryTopic
dbr:Reinsurance_to_close