Following the fortunes

{
  "id": "MLC-T-INS-001557",
  "term": "Following the fortunes",
  "field": "Insurance and risk management",
  "definition": "A clause in a reinsurance treaty requiring the reinsurer to be bound by the underwriting decisions and claims settlements of the ceding insurer. This means the reinsurer generally accepts the ceding company's good faith actions in managing the original policies and claims. It fosters trust and efficiency in the reinsurance relationship, preventing the reinsurer from second-guessing every claim decision.",
  "url": "https://mlchart.com/terminology/insurance/following-the-fortunes/"
}