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reinsurance

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Reinsurance Group of America Inc.
Reinsurance Group of America is an insurance holding company. Co. is primarily engaged in traditional individual life, asset-intensive, critical illness and financial reinsurance. Co. has...
Reinsurance Group of America Inc. company page on BNET »

BNET Business Dictionary

Reinsurance
a method of reducing risk by transferring all or part of an insurance policy to another insurer
Reinsurance definition on BNET »

BNET Resources

Benfield Sees Earnings Drop on Forex and Soft Market
By Andras Gergely LONDON (Reuters UK) - Reinsurance broker Benfield BFD said on Friday it expected its 2008 trading result to be marginally below 2007 as it faced adverse foreign exchange trends and a softening reinsurance market. Benfield, whose specialty areas range from earthquake to ...
Tags: Reinsurance, Earnings, Benfield, Insurance, Business Operations, Corporate Insurance, Oukbs
News items 2008-05-02
Compressing the Future: The Movement Toward Reinsurer Responsibility for Contingent Claims
This article is about reinsurer's responsibility towards insurer claims. Reinsurers must be prepared to deal with this trend towards acceleration of reinsurance recoverables, and must press for fairness and an opportunity to be heard on the valuation of contingent claims. It is likely that more states will amend their liquidation...
Tags: Insurance, reinsurance, valuation
White papers
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: Insurance, reinsurance, pollution, allocation, litigation
White papers
Employee and Customer Orientation: Global reinsurance and Risk Management
A leading global reinsurance provider needed a solution for the challenges like: new hires needed to more quickly grasp the complex terminology, concepts, purposes and types of reinsurance to be effective on the job, they wanted to engage their people in the realities of the business, but avoid overwhelming them...
Tags: reinsurance, hire, risk management, insurance, job, tool
Case studies
ACORD reinsurance Standards Case Study
SCOR, one of the top reinsurers worldwide, has written Euro 4,890 million in premiums in 2001. SCOR operates worldwide through some 30 branches and subsidiaries and shows a balanced portfolio between P&C, Life & A&H and Specialty (large risks, credit & surety and alternative risks) reinsurance. More than 50% of...
Tags: Insurance, reinsurance, risk, back-office
Case studies
Trends in the US Life Insurance Market
This article presents the trends in the U.S. life insurance market. Life reinsurance is still attracting attention, but instead of steep growth curves and new players, industry observers now are inclined to talk about flat markets and continuing consolidation. While these are defining features of today's market, a closer look...
Tags: Financial Planning, Transamerica Corp., life insurance, reinsurance, insurance, industry
White papers
Data Quality Drives reinsurance Access
This article explains how data quality in reporting of reinsurance transactions is emerging as an increasingly important issue in the exception and administration of reinsurance treaties. There are several drivers for the heightened requirement for data quality including reserve credit capacity, new oversight rules, and performance management requirements. It would...
Tags: Insurance, Databases, Transamerica Corp., reinsurance, data quality, performance management, performance
White papers
The Effect of Host Country Factors on the Internationalization of the U.S. reinsurance Industry
U.S. firms' reinsurance premium receipts from overseas countries increased 307% during the years 1987 to 1999. It is important to understand to which countries this rapid increase in exports of reinsurance services is taking place. Using the period 1987 to 1998, this study found that U.S. reinsurance exports take place...
Tags: reinsurance, U.S., income, insurance
White papers
How Much reinsurance Do You Really Need? A Case Study
This paper, guides the reader through the steps of restructuring an existing traditional reinsurance program using quantitative models of the risks. This is done by means of a case study in which concrete insurance lines are analyzed in a sample portfolio. The use of a model helps in understanding the...
Tags: reinsurance, risk-based capital, insurance
Case studies
2001 U.S. reinsurance Review
This article is on the reinsurance industry in America in 2001. Overshadowing all events this year was the September 11 attack on the World Trade Center, which resulted not only in the tragic loss of life, but enormous property damage, business interruption and casualty loss. As has been widely reported,...
Tags: Insurance, reinsurance, arbitration, attack, litigation
White papers
Insurance, reinsurance, Retrocession
At the apex is the individual who owns a home but does not have the financial resources to sustain a large loss. The individual insured pays a premium to an insurance company and in exchange, the company agrees to pay for any loss over a deductible. That's insurance. In exchange...
Tags: Financial Planning, reinsurance, insurance company, insurance, financial
White papers
reinsurance Products
There are two main types of reinsurance: Treaty & Facultative. Treaty reinsurance focuses on a specified portfolio (i.e. large number of policies) of a cedant's business. While treaty re insurers do not pick and choose between risks, they do pick and choose between broad classes of businesses or categories of...
Tags: Insurance, reinsurance
White papers
2002 U.S. reinsurance Review
This article is on the review of the US reinsurance industry for the year 2002. Without a doubt, the single most significant event of 2001 was the terrorist attack of September 11, 2001. This unprovoked tragedy marks the beginning of what will be several years of legislative and judicial activity...
Tags: reinsurance, terrorist attack, insurance
White papers
Why reinsurance Matters
This article explains the importance of reinsurance. Risk managers and other purchasers of insurance rarely think about how reinsurance affects their company or the insurance they purchase for their company. Buyers of insurance mainly focus on the direct insurers -- the primary, excess, and umbrella carriers that provide the coverage....
Tags: Financial Planning, reinsurance, insurance, insurance company, Risk Manager, security
White papers
2002 Legislative Forecast: United States
This article tries to shed some light on the reinsurance legislation in the US post September 11. At the end of December 2001, terrorism reinsurance legislation had not been completed. The proposals discussed in Congress revolved around providing a temporary federal reinsurance backstop for the insurance industry while the markets...
Tags: Insurance, reinsurance, terrorism
White papers
Risk Reporter
This article reviews an unprecedented case law decision the New York's Court of Appeals has held, which says that many environmental claims from a single insured at different sites do not constitute a single loss for purposes of excess of loss treaty reinsurance policies. It further states that consolidation of...
Tags: Insurance, reinsurance, financing
White papers
At the Willis Group RoboMon Is the Best Policy
This paper encapsulates and gives information about The Willis Group RoboMon. The Willis Group provides wide variety of specialized insurance and reinsurance products and services to companies on a global basis. The Willis Group is able to meet their clients' needs in managing and reducing the cost of risk to...
Tags: reinsurance, insurance
Case studies
Acord's Electronic Standards as Cost Reducer
SCOR, one of the top reinsurers worldwide, has written Euro 4,890 million in premiums in 2001. SCOR operates worldwide through some 30 branches and subsidiaries and shows a balanced portfolio between P&C, Life & A&H and Specialty (large risks, credit & surety and alternative risks) reinsurance. SCOR works with a...
Tags: Insurance, Strategy, reinsurance, risk, information system
Case studies
New Swiss Re Sigma Study Shows: reinsurance Poses no Systemic Risk
Reinsurers play a key role in absorbing major risks in the insurance sector. For some time, a discussion has been under way with regard to the systemic risk inherent in reinsurance. It questions the reinsurer's role during capacity shortages and the effects this has on the primary insurance sector, examines...
Tags: Financial Planning, Financial accounting, Swiss Reinsurance Co., reinsurance, insurance company, insurance, financial market, bankruptcy, financial
Case studies
The Road to reinsurance Global E-Commerce Standards: The CNA Re Story
In recent years, industries across the globe have wrestled with the transition to a paperless environment. In the world of reinsurance, electronic - or e-commerce systems promise increased efficiency, faster and more accurate transactions processing, lower overhead costs and improved productivity. But the road to e-commerce in the reinsurance industry...
Tags: Insurance, reinsurance, e-business, overhead cost, environment, industry
Case studies
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