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Third party administrators are companies that perform underwriting and generally claims handling providers for insurance firms. These corporations often have special expertise that the insurance firms wouldn’t have. Reinsurance companies are insurance firms that promote insurance policies to other insurance corporations, allowing them to scale back their dangers and https://courses.bloodedbythought.org/ shield themselves from substantial losses. The reinsurance market is dominated by a couple of very large firms, wiki.rootaccess.org with huge reserves.
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