Fundamentals of Reinsurance and Reinsurance Markets

By: Steven M. McElhiney, CPCUTeresa Huddleston
Fundamentals of Reinsurance and Reinsurance Markets

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Fundamentals of Reinsurance and Reinsurance Markets

Product type: 1 Year Subscription

Publication Date(s): 2011

Part of: Books Package

Available Formats: Online, Print

Discount: Prices shown include a 5% discount for choosing the annual payments option

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A timely, real-world introduction to the highly specialized field of reinsurance with examples, easy-to-understand illustrations, and handy checklists.

Steven M. McElhiney's insurance industry experience spans over 2 decades, including executive positions with major insurance and reinsurance companies as well as industry associations, giving him a multidimensional understanding of insurance and reinsurance. Teresa Huddleston, his coauthor, contributes her legal and corporate background to this practical introduction to the complex topic of reinsurance.

This book addresses some of the key and unique aspects of reinsurance and also provides an overview of its history and future. It summarizes the basics and provides an overview of specific aspects such as claims, accounting, and captives.

Those who are new to reinsurance purchasing, underwriting, or sales will benefit from this book. Using examples, easy-to-understand illustrations, and handy checklists, it is a timely, real-world introduction to the highly specialized field of reinsurance.

Fundamentals of Reinsurance covers these topics.

  • The History of Insurance and Reinsurance
  • Reinsurance Basics: Types of Reinsurance
  • Reinsurance Basics: The Purchase of Reinsurance
  • Reinsurance Claims
  • Reinsurance Accounting
  • Reinsurance Commutations
  • Captives and Reinsurance
  • Assumed Reinsurance
  • Reinsurance Failures and Enterprise Risk Management Considerations
  • The Future of Reinsurance

Download Table of Contents

Fundamentals of Reinsurance help you understand the following.

  • How the different types of facultative and treaty reinsurance work
  • Approaches to buying and selling reinsurance
  • The typical structure of the claims function of reinsurers
  • When to consider a commutation and how to approach it
  • The use of reinsurance by captive insurers
  • Key reinsurance contract provisions and what they accomplish
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