Think you know it all?
True or False?
- 1. Reinsurance is a transaction in which one insurance company indemnifies another insurance company against all or part of the loss that it sustains under a policy or policies of insurance.
- T F
- T F
- T F
- T F
2. Reinsurance can only be written on a pro rata basis.
3. Reinsurance spreads risk so that no single entity finds itself saddled with a financial burden beyond its ability to pay.
4. A reinsurance treaty is a narrow agreement.
If you answered 'True' to 1 and 3, you already know some reinsurance fundamentals.
But, if you answered 'True' to 2 or 4, you might want to consider attending the Reinsurance Association of America's Reinsurance Basics Seminar being presented for the first time on the West Coast, from October 22-24 at the Westin San Francisco Market Street.
- Who should attend?
- Distinguish insurance from reinsurance;
- Identify the purposes of reinsurance and how reinsurance affects the buyer;
- Understand distinctive provisions of different reinsurance approaches;
- Learn how to structure a reinsurance program;
- Understand critical risk transfer requirements;
- Study key annual statement schedules;
- Learn the differences between regulatory and GAAP accounting.
- Explore current trends in the marketplace.
- Identify the purposes of reinsurance and how reinsurance affects the buyer;
Buyers and sellers of reinsurance, lawyers, accountants, and regulators.
What will you learn?
For additional information and to register:
click here or contact Ann-Marie at mwombela@reinsurance.org.
We hope you take advantage of this exceptional educational experience.
And p.s.— (2) reinsurance can be written on a pro rata and excess of loss basis; (4) a reinsurance treaty is a broad agreement.