What does Concurrency mean? Read on to discover the definition & meaning of the term Concurrency - to help you better understand the language used in insurance policies.
Coordination of the coverage, terms, and conditions of a reinsurance agreement with those of a contract reinsured or between reinsurance agreements. Reinsurance agreements are said to be concurrent when there are no gaps or overlaps.
We hope the you have a better understanding of the meaning of Concurrency.