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Pass-through structure

\pæs\ \θru\ \ˈstrʌkʧər\

A pass-through structure is a type of intermediation (see intermediary). Under this structure, any longevity risk, counterparty risk or other financial risks are not retained by the intermediary.

This allows for a more direct way of transacting with reinsurers and is cost effective as the intermediary does not require compensation for retaining any risks.

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