FEMA Renews $1.3 Billion Reinsurance Program with 28 Carriers

By | January 31, 2019

  • January 31, 2019 at 6:57 am
    PolarBeaRepeal says:
    Like or Dislike:
    Thumb up 5
    Thumb down 2

    This reinsurance program shows the efficiency of an insurance market allowed to operate without government interference to advance an objective of the government. It also provides a blueprint for the same type of risk diversification/ mitigation that would be possible with regional or [a] national reinsurance pool(s) for health insurance risks ceded to [a] high risk pool(s).

    • January 31, 2019 at 1:46 pm
      Bill Price says:
      Like or Dislike:
      Thumb up 5
      Thumb down 1

      FEMA reinsurance is capped at a set amount, and the Recos prognosticate damage claims based on historical actuarial models.
      If health insurance is Free, how much medical care will be used if at no cost to the user?
      BP

      • February 1, 2019 at 8:00 am
        PolarBeaRepeal says:
        Like or Dislike:
        Thumb up 2
        Thumb down 0

        Too much.

        If too much health care is utilized, reinsurers won’t participate in risk sharing.

        Truth be told, actuaries in res use experience, exposure, and simulation models to project claim costs and related expenses of adjustment costs and contingent commissions and profits.



Add a Comment

Your email address will not be published. Required fields are marked *

*