Summary |
A highly specialized industry, reinsurance is the process by which insurance companies protect themselves against major losses as consequences of core insurance operations/ its market is international and the range of reinsurance methods and practices is similarly wide. This text explorers its key principles, identifies its buyers and sellers, and explains the significant factors involved in the placement of reinsurance agreements.
Reinsurance provides a uniquely accessible insight into this dynamic industry. It is both a useful reference for insurance practitioners and an invaluable resource for students. It clarifies the relationship if this focused market to those of other financial services. Readers will find definition of the nature of reinsurance arrangements, confirmation of relevant regulations and restrictions and consideration of underwriting implications, along with those of pricing/accounting procedures and claims. The final chapter covers reinsurance portfolio design and is followed by a valuable glossary of reinsurance terms.
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