Insurance in India has been a very old concept, traces of its existence can even be found in the Manusmriti, Dhramashasstra, Chanakya’s Arthshastra and their likes. The government of India…
Insurance is a business of Probability, spreading of losses when the probable event takes place. Spreading the losses takes place in the agreed business participation by way of Insurance &…
"Pass on the liability from one to another and so on….. That is the trick of Reinsurance"
The global reinsurers are thinking to impose a limit on the maximum liability that non-life insurers can claim for a catastrophe as a result of huge claims from natural calamities…
More and more governments are leveraging private insurance skills and the growing capacity of the sector to cover catastrophe losses as well as a wide range of other risks, Swiss…
This paper introduces a capital consumption methodology for the price evaluation of reinsurance in a stochastic environment. It differs from the common practice of risk-based capital allocation and release by:…
A valid cut-through provision allows an individual or entity that is not a party to the contract with the reinsurer (i.e., the insuredemployer) to have direct rights against the reinsurer…
The Essential Guide to Reinsurance has been published by Swiss Re. The Guide will be very useful to understand the working of Reinsurance practice and help you to get useful…
Terrorism is a new risk posing challenge for the insurance industry. The terrorist acts of September 11, 2001 have caused many changes in the global terror insurance market. One major…
In this in-depth guide, Swiss Re introduces the concepts of reinsurance and highlights the essential function reinsurance has in enabling progress and contributing to the stability of the economy and…