Topic: Reinsurance Industry
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What is the size of the global reinsurance industry?
About $160Bn NPW in 2009 per S&P survey. Read More »
Source: http://wiki.answers.com/Q/What_is_the_size_of_the_global_reinsura...
What role does reinsurance plays in the insurance industry?
It is a mechanism that allows insurers to spread risk which enables them to insure potentially high risk or catastrophic occurences. Source(s): ... Read More »
Source: http://answers.yahoo.com/question/index?qid=20120305035734AAqwKGR
How is reinsurance related to industry cycles?
years following the World Trade Center attacks in 2001, total losses — including from hurricanes and other long-tail liabilities — exceeded $50 billion, and capital losses from the global fall in equity values exceeded $180 billion. This cr... Read More »
Source: http://www.sbnonline.com/2007/04/limiting-loss-at-your-doorstep-t...
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Reinsurance Industry
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contributes to the depth and length of the soft market for primary insurers. Usually, the market does not begin to harden until
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Source: http://www.sbnonline.com/2007/04/limiting-loss-at-your-doorstep-t...
On July 15, 2010, the Senate passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Act). Title V of the Act is captioned “Insurance” and contains a number of provisions that directly impact insurance and reinsurance companie...
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Source: http://www.foley.com/publications/pub_detail.aspx?pubid=7420
Greg Richardson: On balance, the BDA reinsurance has performed well over the last year. Ike was a big event but most companies took it in their strides and still made underwriting profits. Except for XL, most Bermuda reinsurers haven't had ...
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Source: http://www.postonline.co.uk/reinsurance/analysis/1271258/a-rocky-...
The reinsurance industry still lags behind direct insurers in automation. Since the volume of policies and transactions are so significantly less than direct insurers, the payback was always difficult to quantify to justify a large IT inves...
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Source: http://www.insurancetech.com/security/197801570
The heavy price cutting in the domestic general insurance industry that you have mentioned is only a transitory phase of the detariffication process. In all markets internationally, it has been the experience that it takes at least 2-3 year...
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Source: http://www.icai.org/post.html?post_id=3892
