Introduction to Reinsurance.pdf - Prince Lobel

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The Anatomy of a Reinsurance Claim Basic Terms Revisited Reinsurance: “insurance for insurance companies.” Cedent or Ceding Company: The insurance company buying the reinsurance. Reinsurer or Assumed Reinsurer: The insurance company that provides reinsurance is assuming the risk from the cedent.
The Anatomy of a Reinsurance Claim Does Reinsurance Apply? Ceding company claim handler receives a new loss and establishes a reserve; Review for applicable reinsurance: Ceding Company reviews for any reinsurance that may apply to the new loss. Treaty and facultative Risk attaching vs. losses occurring Retentions Exclusions Inuring reinsurance Reporting requirements Once reinsurance is determined to apply, special attention needs to be taken on the reinsurance reporting requirements.
Page 1 and 2: April 4, 2008 Introduction to Reins
Page 3 and 4: Overview What is Reinsurance Insu
Page 5 and 6: Insurance/Reinsurance Similarities
Page 7 and 8: How Reinsurance Works It spreads th
Page 9 and 10: April 4, 2008 Types and Characteris
Page 11 and 12: Characteristics of The Reinsurance
Page 13 and 14: Forms of Reinsurance Pro Rata (“
Page 15 and 16: Per Occurrence Excess Multiple Risk
Page 17: The Anatomy of a Reinsurance Claim
Page 21 and 22: The Anatomy of a Reinsurance Claim
Page 23 and 24: The Anatomy of a Reinsurance Claim
Page 25 and 26: April 4, 2008 Two Key Principles in
Page 27 and 28: “Uberrimae Fides” or the Duty o
Page 29 and 30: April 4, 2008 Common Problems and I
Page 31 and 32: Right of Inspection: Virtually all
Page 33 and 34: Non-Congruence of Insurance and Rei
Page 35 and 36: Declaratory Judgment Actions: Alth
Page 37 and 38: Agreements to Arbitrate and Confide
Page 39 and 40: Agreements to Arbitrate and Confide
Page 41 and 42: The Loss - Scenario A Mitchell's N
Page 43 and 44: The Reinsurance Claim Big Heart In

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