Summary |
The book is divided into three main parts. The first chapter in Part I deals with general principles and examines the purpose and functions of reinsurance and goes on to describe the main features of reinsurance in the developing countries
Chapter 2 is mainly a definition of vital technical terms which apply to reinsurance transactions.
Chapter 3 examines the legal position of reinsurance contracts and other special legal features of general application to reinsurance transactions.
Chapter 4, 5 and 6 examine in detail the various aspects of reinsurance and the different methods of arranging reinsurance protection for insurers and reinsurers in the Third World.
Chapter 7 discusses the choice of a reinsurer, the characteristics of a good professional reinsurer and what the ceding company in a developing country should expect from his reinsurer.
Chapter 8 deals with the choice of a ceding company emphasizing the features which a ceding company must possess in order to qualify as a good insurance company.
Part II, which is made up of six chapters takes the form of individual contributions from experienced practitioners and examines the general application or reinsurance principles in the developing countries of the Third World.
Chapter 9, which was contributed by Edward Mensah, General Manager of the African Reinsurance Corporation, opens this section of the book and examines the entire business of insurance in the Third World countries with particular reference to reinsurance.
Chapter 10, contributed by Mr. W. Rathbone, Director of Greig Fester (Reinsurance) Ltd., London, deals with the practical application of the fundamental principles of reinsurance. Chapter 11, by Dr. Eric Schneider, Principal of the Swiss Reinsurance Training Centre, Zurich, reviews the basic principles of reinsurance and the advantages and disadvantages of the different methods or reinsurance. In Chapter 12, Mr. A. Newell, Managing Director of Glanvil, Enthoven & co. Ltd. (Reinsurance Brokers), examines the subject of reinsurance programmes for developing companies in developing countries.
Chapter 13 examines in detail the factors to be taken into account in arranging Life Reinsurance Programmes for ceding companies in the developing countries.
Chapter14 examines the role of the international reinsurance broker in the business of reinsurance with special reference to reinsurance in the Third World.
Part III, which is the concluding part of the book is made up of two chapters and six appendices. In chapter 16, to spotlight some of the reinsurance problems peculiar to Third World countries and some possible solutions have also been suggested.
Chapter 17 discusses the future of insurance and reinsurance in the developing countries of the Third World.
This book is therefore an attempt to state the theory and practice of reinsurance in simple terms and to enable the average reader to obtain a fair insight into this intricate business as practiced in the Third World.
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