Reinsurance

1. Capacity
2. Catastrophe
3. Stability
4. Reinsurance methods
5. Reinsurance and underwriting
6. Liability for premium
7. Agent for reinsured
8. Non-payment of premium
9. Intermediary clause
10. Set off
11. The reinsurance contract
12. Characteristics of reinsurance risk
13. Reinsurance regulation
14. The Reinsurance Market: The Impact of the September 11th Terrorism Catastrophe

Reinsurance is the insurance of insurance. It is an agreement whereby an insurance company transfers part of its risks to another organization. Looking at insurance more closely, we can see that its serves three different purposes. It provides capacity, protects against catastrophe loses and furnishes stability.


Capacity

By capacity it is meant the ability of a company to provide insurance. Through reinsurance, companies obtain additional capacity and are able to write more coverage than they could if they had to retain a...