Hi, It is made understood that IRC leads to stabilisation of results of insurer. Can someone explain how this should be interpreted? Also what does it mean by "results"? Appreciate your help, thanks!
An integrated risk cover is similar to a large reinsurance treaty that covers many lines of business over many years. So it will protect the insurer from large losses from claims and so will stabilise profits (ie financial results) over time. An IRC could also be used by a company that is not an insurer. Again it would cover a range of risks over a period of several years, and so lead to more stable profits. Best wishes Mark
