Reinsurance: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Reinsurance

  • a method of reducing risk by transferring all or part of an insurance policy to another insurer

Wiktionary Definition for: Reinsurance

  • Insurance purchased by insurance company insurance companies that spreads the risk associated with selling insurance around so the danger of one large monetary loss is minimized.

Additional Resources

A Practical Guide to Reinsurance Arbitration
The United States reinsurance company market has been, as many experienced reinsurance executives predicted, consolidated down to less than thirty (30) reinsurance companies. This has led to more reinsurance disputes, and the need for additional reinsurance arbitration. Insurance company/reinsurance company professionals must continue to resolve their business disputes via arbitration;...
Tags: Insurance, Reinsurance, Business Operations, Corporate Insurance
White papers 2005-01-17
Finite Reinsurance
A finite reinsurance contract is a reinsurance contract by which risk is transferred to the reinsurer, but with risk transfer usually being limited in some way. Generally, finite reinsurance costs less than traditional reinsurance. Finite reinsurance contracts may also differ from other reinsurance products in term and pricing structure. Finite...
Tags: Corporate Insurance, Business Operations, Insurance, Reinsurance
White papers 2005-04-01
Pervasive: The Transitional Shift of the U.S. Reinsurance Marketplace
The U.S. reinsurance marketplace has undergone significant changes in the last two decades. This report assesses the impact of changes in the reinsurance industry that have taken place over the last twenty years in terms of quality of reinsurance security. In addition, the report examines what steps may be taken...
Tags: Insurance, Business Operations, Corporate Insurance, U.S. Reinsurance Marketplace, Reinsurance
White papers 2004-02-16
Using Reinsurance to Drive Economic Value
Reinsurance is a powerful management tool to create shareholder value by reshaping the risk and capital structure of the enterprise. Analyzing the impact of reinsurance on economic value provides much-needed insight to leverage reinsurance decisions to their maximum effect. This insight proposes a framework and approach for the strategic management...
Tags: Corporate Insurance, Business Operations, Insurance, Reinsurance
White papers 2004-04-01
Up Front About Reinsurance
Reinsurance plays a variety of essential roles in the insurance industry. Reinsurance is used to expand underwriting capabilities, provide capital, and boost the credit rating of the ceding company. While not true partners in a legal sense, in a traditional reinsurance transaction the ceding insurer and the re insurer have...
Tags: Business Operations, Reinsurance, Insurance Company, Corporate Insurance, Insurance
White papers 2003-12-01
Fundamentals of Property Casualty Reinsurance
Reinsurance is a transaction in which one insurance company indemnifies, for a premium, another insurance company against all or part of the loss that it may sustain under its policy or policies of insurance. The insurance company purchasing reinsurance is known as the ceding insurer; the company selling reinsurance is...
Tags: Corporate Insurance, Insurance Company, Business Operations, Insurance, Reinsurance
White papers 2001-02-01
Fundamentals of Property Casualty Reinsurance: With a Glossary of Reinsurance Terms
This paper discusses and provides information about reinsurance. Reinsurance is a transaction in which one insurance company indemnifies, for a premium, another insurance company against all or part of the loss that it may sustain under its policy or policies of insurance. The insurance company purchasing reinsurance is known as...
Tags: Insurance Company, Insurance, Corporate Insurance, Business Operations, Reinsurance
White papers 2001-02-01
Transamerica Reinsurance Enters European Life Reinsurance Market
CHARLOTTE, N.C. & CANNES, FRANCE -- Transamerica Reinsurance, an operating unit of Transamerica Occidental Life Insurance Company TOLIC and part of the AEGON Group since 1999, has established a branch office for its entry into the European life reinsurance market. One of the largest global suppliers of automatic and facultative...
Tags: reinsurance, Transamerica Corp.
Research articles 2006-10-18
Types of Reinsurers and Reinsurance Distribution Channels
Insurance companies, reinsurance companies, and reinsurance pools will all buy reinsurance. The only additional organizations, which buy reinsurance but do not also sell it, are self-insurers. These organizations buy reinsurance above a SIR (self-insured retention). This article presents and explains different types of reinsurers and different reinsurance distribution channels.
Tags: Business Operations, Corporate Insurance, Reinsurance, Insurance
White papers 2001-08-23
Negotiating the Buying of Reinsurance on Behalf of the Owners of Captive Insurance Companies
The owner of a captive insurance company lacks the experience of buying reinsurance, especially when they are dealing with the few sophisticated reinsurers that exist in today?s reinsurance market. In the reinsurance buying negotiation process, the captive owner is at a complete disadvantage when dealing with experienced reinsurance company executives....
Tags: Corporate Insurance, Business Operations, Insurance, Reinsurance
White papers 2005-01-21
Reinsurance 101: A Primer
This paper explains about reinsurance. In the simplest of terms, reinsurance can be described as "insurance for insurance companies." While in a traditional insurance relationship the insured seeks to transfer the risk to an insurance company, the reinsurance relationship takes this risk transfer another step and further transfers it to...
Tags: Reinsurance, Corporate Insurance, Business Operations, Finance, Financial Planning, Insurance, Reinsurance Relationship
White papers 2004-02-01
Twins at the top: reinsurance. (Munich Reinsurance Co, Swiss Reinsurance Co)
Swiss Reinsurance Co and Munich Reinsurance Co have become the two biggest companies in the reinsurance industry despite having very different strategies. Munich Reinsurance has stuck with a very diversified client list while Swiss Reinsurance has dabbledSwiss Reinsurance Co and Munich Reinsurance Co have become the two biggest companies in...
Tags: reinsurance, Swiss Reinsurance Co.
Research articles 1995-09-02
On the Optimality of Proportional Reinsurance
Proportional reinsurance is often thought to be a very simple method of covering the portfolio of an insurer. Theoreticians have not been particularly interested in analyzing the optimality properties of these types of reinsurance covers. This paper uses a real-life insurance portfolio in order to compare four proportional structures: quota...
Tags: Corporate Insurance, Business Operations, Insurance, Reinsurance
White papers 2005-04-22
The Pricing of Catastrophe Reinsurance Contract Using the Cox Process and an Equivalent Martingale Probability Measure
Insurance companies have used reinsurance contracts to hedge themselves against losses from catastrophic events. Most commonly used reinsurance contract is excess of loss contract. This paper shows that during the last decade, the high level of worldwide catastrophe losses in terms of frequency and severity had a marked effect on...
Tags: Pricing Strategy, Reinsurance, Corporate Insurance, Business Operations, Insurance
White papers 2001-09-24
ING Reinsurance and ReliaStar Reinsurance Group Combine to form a One-Stop, Smart Resource for Reinsurance and Consulting
Business Editors
Tags: consulting, ING Group, reinsurance
Research articles 2000-09-06
Reexamining Reinsurance
Reinsurance affects all public entities. A fully-insured municipality is affected by the reinsurance being purchased by the municipality's primary insurer. A self-insured municipality usually relies upon a reinsurer for catastrophic protection. Finally, a municipality participating in a pool relies upon the pool's reinsurance for protection and cost stability. Thus, public...
Tags: Corporate Insurance, Business Operations, Insurance, Reinsurance, Municipality
White papers 2003-01-01
Insurers Will Need Help in Managing the Reinsurance Buying Process
The availability of quality reinsurance is becoming an increasing concern for ceding insurers. Many reinsurance companies have suffered a lot of security downgrades which require changing reinsurers in the middle of treaty reinsurance agreements. This article points out and discusses the in such a situation insurers need to be counseled...
Tags: Reinsurance, Insurance Company, Business Operations, Insurance, Corporate Insurance
White papers 2004-10-31
Recent Developments Concerning Reinsurance Allocation
This article explains the concerns regarding reinsurance allocation. Reinsurance allocation has emerged recently as a leading area of dispute between reinsurers and their ceding companies. Many of the multi-million dollar coverage actions that insurers settled with their policyholders in the '70's and '80's have led to a second phase of...
Tags: Corporate Insurance, Business Operations, Insurance, Reinsurance Allocation, Reinsurance
White papers
A Model Decision
One of the most difficult decisions facing a reinsurance purchaser is how much catastrophe cover to buy. Despite having more sophisticated catastrophe models than ever before, many reinsurance buyers find it increasingly difficult to be confident they are making the best decisions. In this situation, though, the reinsurance broker can...
Tags: Business Operations, Corporate Insurance, Insurance, Reinsurance
White papers 2004-01-01
Treaty Structures and Other Reinsurance Techniques
This article focuses on treaty structures and other reinsurance techniques. There are several types of treaty structures. The features, advantages and disadvantages of these types is discussed in this article. The final section of this document discusses other reinsurance techniques including proportional programs, annual aggregate deductible, basket reinsurance, reinsurance pricing...
Tags: Corporate Insurance, Business Operations, Insurance, Reinsurance
White papers 2001-08-23
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