Reinsurance

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Reinsurance is a specialized industry where insurance companies safeguard against significant losses from their core operations. This text delves into key principles, identifying buyers and sellers, and explaining the factors involved in reinsurance agreements. It offers accessible insights into this dynamic field, serving as a valuable reference for practitioners and students alike. The book clarifies the relationship between reinsurance and other financial services, detailing the nature of arrangements, relevant regulations, underwriting implications, pricing, accounting procedures, and claims. The final chapter addresses reinsurance portfolio design and includes a glossary of terms. Contents include: 1. The reinsurance market and its functions 2. Major reinsurance markets and their relationships to other financial markets 3. Nature of reinsurance arrangements 4. Regulations and restrictions applying to reinsurance 5. Underwriting considerations and terms of agreements 6. Pricing and accounting procedures 7. Claims 8. Reinsurance portfolio design Glossary of selected terms, a select bibliography, useful websites, and an index. The author, Chris Paine, is an independent training consultant with over 30 years in the reinsurance industry as both an underwriter and broker. He has lectured for the Chartered Insurance Institute since 1975, providing tailored training to various corporate and academic clients.