Glossary beginning with R


Yielding all or a portion of an insured risk or a group of risks along with the commensurate portion of the premiums to some other insurance undertaking – a reinsurer. As a result of reinsurance, there is a secondary split of the risks making it possible to minimize the risks to the insurance market.

Risk-free rate

Rate of return on risk-free financial instruments. PZU’s risk-free rate is based on yield curves for treasuries. It is also the basis for setting transfer prices in settlements between operating segments.