Reinsurance

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Reinsurance Book Description About the Book :- A highly specialized industry, reinsurance is the process by which insurance companies protect themselves against major losses as a consequence of core insurance operations. Its market is international and the range of reinsurance methods and practices is similarly wide. This text explores 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 of 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. Contents :- Preface 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 the nature of the terms applying to reinsurance agreements 6. Pricing and accounting procedures 7. Claims 8. Reinsurance portfolio design Glossary of selected terms Select bibliography Useful websites Index. About the Author :- Chris Paine (Dip Cll) is an independent training consultant drawing on over 30 years' experience within the reinsurance industry both as an underwriter and broker. He has lectured for the Chartered Insurance Institute since 1975 on many aspects of international non-marine insurance and reinsurance and has offered tailored training to a wide range of corporate and academic clients both in