Reinsurance Principles and Practices

Reinsurance Principles and Practices PDF Author:
Publisher:
ISBN: 9780894636578
Category : Reinsurance
Languages : en
Pages :

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Book Description

Reinsurance Principles and Practices

Reinsurance Principles and Practices PDF Author:
Publisher:
ISBN: 9780894636578
Category : Reinsurance
Languages : en
Pages :

Get Book Here

Book Description


Reinsurance Principles and Practices

Reinsurance Principles and Practices PDF Author: Connor M. Harrison
Publisher: Insurance Institute of America
ISBN: 9780894631795
Category : Reinsurance
Languages : en
Pages : 419

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Book Description
Presents overview of reinsurance. Describes reinsurance program design. Traces the reinsurance placement process. Regulation discussed. Identifies common reinsurance treaty clauses. Explains reserves.

Risk Theory and Reinsurance

Risk Theory and Reinsurance PDF Author: Griselda Deelstra
Publisher: Springer Science & Business Media
ISBN: 1447155688
Category : Business & Economics
Languages : en
Pages : 85

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Book Description
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.

Reinsurance and the Law of Aggregation

Reinsurance and the Law of Aggregation PDF Author: Oliver D. William
Publisher: Routledge
ISBN: 1000329100
Category : Law
Languages : en
Pages : 190

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Book Description
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).

Insurance Theory and Practice

Insurance Theory and Practice PDF Author: Rob Thoyts
Publisher: Routledge
ISBN: 1136963456
Category : Business & Economics
Languages : en
Pages : 340

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Book Description
Presents a comprehensive overview of the theory, functioning, management and legal background of the insurance industry. This title begins with an examination of the insurance concept, its guiding principles and legal rules before moving on to an analysis of the market, its players and their roles and relationships.

Risk Modelling in General Insurance

Risk Modelling in General Insurance PDF Author: Roger J. Gray
Publisher: Cambridge University Press
ISBN: 0521863945
Category : Business & Economics
Languages : en
Pages : 409

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Book Description
A wide range of topics give students a firm foundation in statistical and actuarial concepts and their applications.

The Fundamentals of Insurance

The Fundamentals of Insurance PDF Author: Hargovind Dayal
Publisher: Notion Press
ISBN: 1947949683
Category : Business & Economics
Languages : en
Pages : 219

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Book Description
Insurance is perhaps the most effective device for managing ‘risk,’ which is a pervasive phenomenon in our lives. We can sometimes avoid or reduce it but never entirely eliminate it. Whether you are a Graduate student who is studying insurance as a part of your curriculum, or an Executive managing your Organization’s Insurance and Risk Management Program this book will provide you with a strong conceptual foundation, comprehensive knowledge of non-life and life insurance products, and perspectives on how insurance functions as a part of the economy. Essentially, you will understand ‘why’ it is needed, ‘what’ solutions it provides, and ‘how’ different business processes and professionals work together to deliver the vital compensation to victims of disasters. Organized in 18 chapters that are comprehensive yet brief, it continuously relates facts to theories, concepts to processes, events to their context, and the rule-of-thumb to underlying basic principles. Thus, insurance will be demystified, and you will be empowered to decode ‘insurance speak.’

The Value of Risk

The Value of Risk PDF Author: Peter Borscheid
Publisher: Oxford University Press, USA
ISBN: 0199689806
Category : Business & Economics
Languages : en
Pages : 497

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Book Description
This book explains how today's insurance industry developed and highlights the role of the reinsurance industry in spreading risks globally. The book examines the development of insurance markets and of the reinsurance industry in particular, and the history of Swiss Re, one of the leading reinsurance companies in the world.

Principles of Reinsurance

Principles of Reinsurance PDF Author: Chartered Insurance Institute
Publisher:
ISBN: 9781853690570
Category : Insurance
Languages : en
Pages :

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Book Description


Tackling Insurance Fraud

Tackling Insurance Fraud PDF Author: Lynne Skajaa
Publisher: Taylor & Francis
ISBN: 1000341402
Category : Law
Languages : en
Pages : 200

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Book Description
Insurance fraud is a growing problem on a global scale. The ABI estimates that fraudulent insurance claims on motor and household policies alone cost insurers in excess of £1 billion every year. This book provides an analysis of the insurance industry’s response to the problem and examines fraud from legal and practical perspectives to determine how to manage and reduce fraud. Key issues covered include: fraud in the insurance and reinsurance context, a look at industry-wide initiatives and individual insurance companies’ approaches to the problem, consideration of recent legal developments and a look at how insurance fraud is tackled in other jurisdictions. Includes a chapter on marine insurance fraud.