adverse development cover
C2CEFR level
95/100Rarity: very rare
TechnicalRegister
Reinsurance protecting against reserves on past claims proving inadequate.
Worried the reserves might strengthen, the buyer bolted on adverse development cover for the acquired book.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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