YEARLY RENEWABLE TERM PLAN OF REINSURANCE
Yearly Renewable Term Plan of Reinsurance is a type of life reinsurance that transfers mortality risks to a reinsurer. The primary insurer or the ceding company yields the net amount at risk for the amount higher than the retention limit of a particular life insurance policy. This amount is equivalent to the difference between the cash value and the face value of an insurance policy. It is yielded to a reinsurer, which pays this amount as part of the death benefit.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |
