Your guide to the global insurance industry.
 

 

Glossary: R

REPATRIATION AND EVACUATION INSURANCE:

Repatriation and evacuation insurance is designed to pay for people living in remote regions or in areas with poor local healthcare to be transferred to quality medical facilities or back home for treatment. Bellwood Prestbury provides quality repatriation and evacuation insurance for companies and individuals.

REGULATORY BODY:

An organisation with statutory powers to lay down a framework within which member companies must operate.

RISK:

The measurable probability of loss or less-than-expected returns from an investment, asset or business activity.

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