Download or read book Reinsurance Principles Through Contract Analysis written by Stuart Hanson Struck and published by . This book was released on 1948 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Principles of Reinsurance written by Chartered Insurance Institute and published by . This book was released on 1991 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reinsurance written by Andreas Schwepcke and published by VVW GmbH. This book was released on 2004-09-28 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Principles of Reinsurance Contract Law PRICL written by Project Group on Principles of Reinsurance Contract Law and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reinsurance and the Law of Aggregation written by Oliver D. William and published by Routledge. This book was released on 2021-01-28 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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).
Download or read book Reinsurance Principles and Practice written by Klaus Gerathewohl and published by . This book was released on 1980 with total page 922 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reinsurance Fundamentals written by Ross Phifer and published by . This book was released on 1996-05-02 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reinsurance Fundamentals is a comprehensive overview of the reinsurance industry and the financial principles that guide it. It is also a penetrating study of real-world reinsurance problems and how to solve them. After an examination of the industry's underpinnings and a brief but fascinating look at its history, author Ross Phifer presents a detailed reinsurance primer. Writing for those familiar with insurance concepts, he offers an in-depth examination of how the reinsurance industry works, explains fundamental ideas, presents practical illustrations of when and how reinsurance arrangements should be considered, and describes the application of reinsurance to speculative financial transactions such as derivatives. Phifer analyzes different types of reinsurance agreements, clause by clause, and supplies thorough explanations of key concepts and their impact on the overall risk transfer. Among the topics discussed are reinsurance cessions, structures, markets, underwriting, proportional pricing, accounting, claims, and contracts. Reinsurance Fundamentals is an invaluable tool for in-house counsel, compliance officers, internal auditors, and risk managers in investment and commercial banking, securities, investment management, mutual funds, and pension fund management. It is also an important resource for corporate financial officers and an excellent reference for insurance underwriters, claims executives, risk managers, and attorneys.
Download or read book Reinsurance written by R.L. Carter and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt: There may be some readers of this book who are expecting a sort of Mrs Beeton of reinsurance, whose indications if carefully followed will ensure the satisfactory outcome of any reinsurance operation undertaken. They will, I fear, be disappointed for reinsurance is first and foremost a commercial enterprise, whose successful conduct depends upon so much that cannot be written in books or committed to paper. Above all else, it depends upon people and on the personalities of people as much as on their technical skills. Most reinsurers are born and only some are made, but none the less for either sort this book will be of inestimable benefit as a guide to the principles that lie behind the transaction of a business at once as complex and widespread as reinsurance is by its very nature. One of the main characteristics of this highly specialized business is the infinite variety of situations to which the reinsurer is called upon to adapt his business methods making any standardization of practice possible only on a broad, as opposed to a detailed, basis. This renders any attempt to encompass in one book all the practical alternatives and differences in approach to technical reinsurance problems a virtual impossibility.
Download or read book LAW OF REINSURANCE written by TERRY. WOLONIECKI O'NEILL (JAN.) and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reinsurance Practice and the Law written by Barlow Lyde & Gilbert and published by Informa Law from Routledge. This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designed 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
Download or read book Analysis of Optimal Insurance and Reinsurance Contracts written by Markus Schicht and published by . This book was released on 2004 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Optimal Reinsurance Analysis from a Crop Insurer s Perspective written by Lysa Porth and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose - The primary objective of this paper is to analyze the optimal reinsurance contract structure from the crop insurer's perspective. Design/Methodology/Approach - A very powerful and flexible empirical-based reinsurance model is used to analyze the optimal form of the reinsurance treaty. The reinsurance model is calibrated to unique data sets including private reinsurance experience for Manitoba, and loss cost ratio experience for all of Canada, under the assumption of the standard deviation premium principle and conditional tail expectation risk measure. Findings - The Vasicek distribution is found to provide the best statistical fit for the Canadian LCR data, and the empirical reinsurance model stipulates that a layer reinsurance contract structure is optimal, which is consistent with market practice. Research Limitations/Implications - While the empirical reinsurance model is able to reproduce the optimal shape of the reinsurance treaty, the model produces some inconsistencies between the implied and observed attachment points. Future research will continue to explore the reinsurance model that will best recover the observed market practice. Practical Implications - Private reinsurance premiums can account for a significant portion of a crop insurer's budget, therefore, this study should be useful for crop insurance companies to achieve efficiencies and improve their risk management. Originality/Value - To the best of our knowledge, this is the first paper to show how a crop insurance firm can optimally select a reinsurance contract structure that minimizes its total risk exposure, considering the total losses retained by the insurer, as well as the reinsurance premium paid to private reinsurers.
Download or read book Insurance Law Doctrines and Principles written by John Lowry and published by Hart Publishing. This book was released on 1999 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insurance Law: Doctrines and Principles presents a detailed examination of the developing law of insurance which combines exposition with critical analysis. The authors have complemented the text with extensive citations to case law and academic commentaries making the book ideal for students, scholars and practitioners alike.
Download or read book What is Reinsurance written by Robert M. Merkin and published by Cavendish Publishing (UK). This book was released on 1998 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 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.
Download or read book Dynamic Risk Sharing Game and Reinsurance Contract Design written by Chen Shumin and published by . This book was released on 2019 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the optimal risk-sharing between an insurer and a reinsurer. The insurer purchases reinsurance for risk-control and decides her retention level with an objective to minimize her ruin probability. The reinsurer has control over the reinsurance price and aims to maximize her expected discounted profits up to the time when the insurer goes bankrupt. In a stochastic differential game-theoretic framework, we determine the insurer's optimal reinsurance strategy and specify the reinsurance contract by solving a system of coupled Hamilton-Jacobi-Bellman equations. We obtain explicit solutions for the game problem when both the insurance and the reinsurance premiums are calculated according to the standard-deviation principle or the expected value principle, respectively. Our results show that, depending on the model parameters, the reinsurance contract is either provided with a peak price when the insurer has sufficient cash reserve and with a minimum price when otherwise, or is always provided with a peak price. We also perform some numerical analyses and provide economic interpretations for the results.
Download or read book The Law of Reinsurance in England and Bermuda written by P. T. O'Neill and published by . This book was released on 2010 with total page 1205 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is Professor Ian Dennis' new book on the doctrine and theory of the law of criminal procedure in England and Wales. Covering the principal stages of the criminal process, beginning with the investigation of crime, going on to prosecution and the alternatives to prosecution, moving then to the criminal trial, and dealing finally with appeal and review. The objectives of the book will be to expound and analyse the doctrines and rules of the law, to discuss their rationales, and to evaluate their moral and practical justification. This will book will be suitable for both students and practitioners wishing a more in-depth look at Criminal Procedure and Process.
Download or read book Transparency in Insurance Regulation and Supervisory Law written by Pierpaolo Marano and published by Springer. This book was released on 2022-04-01 with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume focuses on transparency as the guiding principle for insurance regulation and supervisory law. All chapters were written by experts in their respective fields, who address transparency in a wide range of European and non-European jurisdictions. Each chapter reviews the transparency principles applicable in the jurisdiction discussed. While the European jurisdictions reflect different facets of the principle as emerging from EU law on insurance, the principle has developed quite differently in other jurisdictions.
