What Is Reinsurance
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Author | : Robert M. Merkin |
Publisher | : Cavendish Publishing (UK) |
Total Pages | : 128 |
Release | : 1998 |
Genre | : Business & Economics |
ISBN | : |
Download What is Reinsurance? Book in PDF, Epub and Kindle
In 1994 a Reinsurance Working Party was set up by AIDA (Association Internationale de Droit des Assurances) with the aim of producing a series of comparative reports considering how particular aspects of reinsurance law operate in a range of jurisdictions.
Author | : Griselda Deelstra |
Publisher | : Springer Science & Business Media |
Total Pages | : 85 |
Release | : 2013-11-22 |
Genre | : Business & Economics |
ISBN | : 1447155688 |
Download Risk Theory and Reinsurance Book in PDF, Epub and Kindle
Reinsurance is an important production factor of non-life insurance. The efficiency and the capacity of the reinsurance market directly regulate those of insurance markets. The purpose of this book is to provide a concise introduction to risk theory, as well as to its main application procedures to reinsurance. The first part of the book covers risk theory. It presents the most prevalent model of ruin theory, as well as a discussion on insurance premium calculation principles and the mathematical tools that enable portfolios to be ordered according to their risk levels. The second part describes the institutional context of reinsurance. It first strives to clarify the legal nature of reinsurance transactions. It describes the structure of the reinsurance market and then the different legal and technical features of reinsurance contracts, known as reinsurance ‘treaties’ by practitioners. The third part creates a link between the theories presented in the first part and the practice described in the second one. Indeed, it sets out, mostly through examples, some methods for pricing and optimizing reinsurance. The authors aim is to apply the formalism presented in the first part to the institutional framework given in the second part. It is reassuring to find such a relationship between approaches seemingly abstract and solutions adopted by practitioners. Risk Theory and Reinsurance is mainly aimed at master's students in actuarial science but will also be useful for practitioners wishing to revive their knowledge of risk theory or to quickly learn about the main mechanisms of reinsurance.
Author | : Hansjörg Albrecher |
Publisher | : John Wiley & Sons |
Total Pages | : 366 |
Release | : 2017-11-06 |
Genre | : Mathematics |
ISBN | : 0470772689 |
Download Reinsurance Book in PDF, Epub and Kindle
Reinsurance: Actuarial and Statistical Aspects provides a survey of both the academic literature in the field as well as challenges appearing in reinsurance practice and puts the two in perspective. The book is written for researchers with an interest in reinsurance problems, for graduate students with a basic knowledge of probability and statistics as well as for reinsurance practitioners. The focus of the book is on modelling together with the statistical challenges that go along with it. The discussed statistical approaches are illustrated alongside six case studies of insurance loss data sets, ranging from MTPL over fire to storm and flood loss data. Some of the presented material also contains new results that have not yet been published in the research literature. An extensive bibliography provides readers with links for further study.
Author | : Oliver D. William |
Publisher | : Routledge |
Total Pages | : 190 |
Release | : 2021-01-28 |
Genre | : Law |
ISBN | : 1000329100 |
Download Reinsurance and the Law of Aggregation Book in PDF, Epub and Kindle
In excess of loss reinsurance, the reinsurer covers the amount of a loss exceeding the policy’s deductible but not piercing its cover limit. Accordingly, a policy’s quantitative scope of cover is significantly affected by the parties’ agreement of a deductible and a cover limit. Yet, the examination of whether a loss has exceeded deductible or cover limit necessitates an educated understanding of what constitutes one loss. In so-called aggregation clauses, the parties to (re-)insurance contracts regularly provide that multiple individual losses are to be added together for presenting one loss to the reinsurer when they arise from the same event, occurrence, catastrophe, cause or accident. Aggregation mechanisms are one of the core instruments for structuring reinsurance contracts. This book systematically examines each element of an aggregation mechanism, tracing the inconsistent usage of aggregation language in the markets and scrutinizing the tests developed by courts and arbitral tribunals. In doing so, it seeks to support insurers, reinsurers, brokers and lawyers in drafting aggregation clauses and in settling claims. Focusing on an analysis of primary sources, particularly judicial decisions, the book interprets each judicial decision to describe a system of inter-related rules, collating, organising and describing the English law of aggregation as applied by the courts and arbitral tribunals. It further draws a comparison between the English position and the corresponding rules in the Principles of Reinsurance Contract Law (PRICL).
Author | : Roger J. Gray |
Publisher | : Cambridge University Press |
Total Pages | : 409 |
Release | : 2012-06-28 |
Genre | : Business & Economics |
ISBN | : 0521863945 |
Download Risk Modelling in General Insurance Book in PDF, Epub and Kindle
A wide range of topics give students a firm foundation in statistical and actuarial concepts and their applications.
Author | : Niels Viggo Haueter |
Publisher | : Oxford University Press |
Total Pages | : 376 |
Release | : 2017 |
Genre | : Business & Economics |
ISBN | : 0198754914 |
Download Managing Risk in Reinsurance Book in PDF, Epub and Kindle
Reinsurance was a global business from the start the method of spreading and balancing risks in international markets. But this also meant that reinsurance was more heavily exposed to global trends than many other industries. This book gives detailed accounts on how reinsurers dealt with all these challenges.
Author | : Paula Jarzabkowski |
Publisher | : Oxford University Press, USA |
Total Pages | : 257 |
Release | : 2015 |
Genre | : Business & Economics |
ISBN | : 0199664765 |
Download Making a Market for Acts of God Book in PDF, Epub and Kindle
Reinsurance is a market that provides cover for the devastating consequences of unpredictable events such as Hurricane Katrina, or the Tohoku earthquake, underpinning society's capacity to rebuild after the unthinkable happens. This book fleshes out how this important and quirky financial market works.
Author | : |
Publisher | : |
Total Pages | : 620 |
Release | : 1990 |
Genre | : Business & Economics |
ISBN | : |
Download Foundations of Casualty Actuarial Science Book in PDF, Epub and Kindle
Author | : Robert Merkin |
Publisher | : Taylor & Francis |
Total Pages | : 497 |
Release | : 2013-07-24 |
Genre | : Law |
ISBN | : 1317912837 |
Download A Guide to Reinsurance Law Book in PDF, Epub and Kindle
This practical guide offers a useful introduction to reinsurance, taking you step by step through the associated issues you really need to know about. An introduction is provided, setting the scene for further chapters on key topics such as the formation of agreements, terms, rights and obligations. The book covers the following areas: Nature of Reinsurance, Formation of Reinsurance, Agreements, Utmost Good Faith, Terms of Reinsurance Agreements, Rights and Obligations of the Parties, Follow the Settlements and Follow the Fortunes, Claims, Intermediaries, Jurisdiction and Applicable Law, Arbitration.
Author | : David M. Dror |
Publisher | : World Bank Publications |
Total Pages | : 548 |
Release | : 2002-01-01 |
Genre | : Business & Economics |
ISBN | : 9780821350416 |
Download Social Reinsurance Book in PDF, Epub and Kindle
Annotation This volume views community-based microinsurance as an incremental first step to improved financial protection and better access to health services for the poor. While community-based financing can be structured in various ways, this volume focuses on reinsurance as a mechanism for improving micro-level health insurance units. It outlines strategies and policies that can be applied by countries and donors to improve access to health care services.