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Author: Robert M. Merkin
Publisher: Cavendish Publishing (UK)
Published: 1998
Total Pages: 128
ISBN-13:
DOWNLOAD EBOOKIn 1994 a Reinsurance Working Party was set up by AIDA (Association Internationale de Droit des Assurances) with the aim of producing a series of comparative reports considering how particular aspects of reinsurance law operate in a range of jurisdictions.
Author: Griselda Deelstra
Publisher: Springer Science & Business Media
Published: 2013-11-22
Total Pages: 85
ISBN-13: 1447155688
DOWNLOAD EBOOKReinsurance 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.
Author: Oliver D. William
Publisher: Routledge
Published: 2021-01-28
Total Pages: 190
ISBN-13: 1000329100
DOWNLOAD EBOOKIn 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).
Author:
Publisher:
Published: 1996
Total Pages: 620
ISBN-13:
DOWNLOAD EBOOKAuthor: Roger J. Gray
Publisher: Cambridge University Press
Published: 2012-06-28
Total Pages: 409
ISBN-13: 0521863945
DOWNLOAD EBOOKA wide range of topics give students a firm foundation in statistical and actuarial concepts and their applications.
Author: Peter Borscheid
Publisher: Oxford University Press, USA
Published: 2013-12
Total Pages: 497
ISBN-13: 0199689806
DOWNLOAD EBOOKThis 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.
Author: David M. Dror
Publisher: World Bank Publications
Published: 2002-01-01
Total Pages: 548
ISBN-13: 9780821350416
DOWNLOAD EBOOKAnnotation This volume views community-based microinsurance as an incremental first step to improved financial protection and better access to health services for the poor. While community-based financing can be structured in various ways, this volume focuses on reinsurance as a mechanism for improving micro-level health insurance units. It outlines strategies and policies that can be applied by countries and donors to improve access to health care services.
Author: Paula Jarzabkowski
Publisher: Oxford University Press, USA
Published: 2015
Total Pages: 257
ISBN-13: 0199664765
DOWNLOAD EBOOKReinsurance is a market that provides cover for the devastating consequences of unpredictable events such as Hurricane Katrina, or the Tohoku earthquake, underpinning society's capacity to rebuild after the unthinkable happens. This book fleshes out how this important and quirky financial market works.
Author: Robert W. Strain
Publisher: Strain Pub
Published: 1996-02-01
Total Pages: 819
ISBN-13: 9780939727483
DOWNLOAD EBOOKAuthor: Barlow Lyde & Gilbert
Publisher: Informa Law from Routledge
Published: 2009
Total Pages: 0
ISBN-13: 9781843117964
DOWNLOAD EBOOKDesigned to reduce, to the absolute minimum, the legal difficulties involved in UK reinsurance transactions, this book covers all the areas of reinsurance that are likely to give rise to problems. Paying special attention to the drafting and operation of the reinsurance contract, the book also deals in detail with dispute resolution, including arbitration and commercial court practice and procedure. It provides advice on how to identify, minimize, and resolve problems that may arise with reinsurance contracts, including: a clear explanation of the basics of reinsurance contracts, including the relationships between parties and the various types of contracts the principles of drafting and interpretation of contracts, including reaching agreement, contract wordings, and choice of law the details of operating a contract, including claims handling, offset and funding, inspection of records, and transfer and termination deviation guidance on dispute resolution, including choice of l
