• This comes at a time when its competitor Sagicor Financial Company Limited launched its own reinsurance subsidiary in 2020 to optimise group-wide capital by reinsuring business from Sagicor Group companies. (jamaicaobserver.com)
  • Dedicated reinsurance capacity in 2020 topped $517 billion and was driven by a 7% increase on the traditional side, said Dan Hofmeister, senior financial analyst, AM Best (Sept. 13, 2021). (ambest.com)
  • This segment, collateralized reinsurance products, currently account for $50 billion of capital in the reinsurance space, and by some estimates, will reach $150 billion by 2020. (sumzero.com)
  • As of April 2014,worldwide reinsurance capacity is USD540 billion, and I estimate that it will be around $660 billion (3% CAGR) by 2020. (sumzero.com)
  • The National Flood Insurance Program 's (NFIP) January 2022 traditional reinsurance placement covers all geographic areas where the program writes policies, including all U.S. territories. (fema.gov)
  • Effective January 1, 2022 , Fortitude International Reinsurance Ltd. ("FIRL") commenced operations as a Class 4 and Class E reinsurer, licensed by the Bermuda Monetary Authority . (insurancenewsnet.com)
  • In addition, on January 3, 2022 , Fortitude Re completed its acquisition of Rx Life Insurance Company (to be renamed Fortitude U.S. Reinsurance Company ) ("Fortitude Re U.S.") from Heritage Life Insurance Company . (insurancenewsnet.com)
  • In The Legal 500' s 2022 Country Comparative Guides, Mayer Brown partner Vikram Sidhu authored a section on Insurance & Reinsurance in the United States. (mayerbrown.com)
  • NEW YORK , Nov. 17, 2022 /PRNewswire/ -- The "Reinsurance Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026" report has been added to Technavio's offering. (nih.gov)
  • Appropriate, risk-based regulation of reinsurers reassures cedants of the security offered by reinsurance and is tailored to the specifics of reinsurance. (scor.com)
  • Salil Das, Director of Reinsurance, Alliance Insurance Brokers, said that the reduction in the capital requirements for overseas reinsurers and the streamlining of the order of preference, are expected to lead to a rise in the number of reinsurers operating within India. (thehindubusinessline.com)
  • HIGHLIGHTS The global reinsurance market is valued as the amount of direct insurance ceded to reinsurers according to that line of business. (marketpublishers.com)
  • This could mean that a reinsurance company bundles its risk exposures across home, motor, life, and even corporate insurance and reinsurers the entire bundle on the same policy. (managementstudyguide.com)
  • The report, "The Impact of Offshore Affiliate Reinsurance Tax Proposals on the U.S. Insurance Market," was sponsored by the Association of Bermuda Insurers and Reinsurers (ABIR) and co-authored by Dr. Lawrence Powell, the Director of the Alabama Center for Insurance Information and Research, Brattle Principals Drs. Michael Cragg and Bin Zhou, and Senior Associate Jehan deFonseka. (brattle.com)
  • In effect, the arbitrators' view meant that the three-year time period in the reinsurance treaties was irrelevant - the reinsurers were bound to provide cover to Gordian for any D&O policy, of any length, so long as the claim for which Gordian Runoff sought indemnity was made and notified in the first three years of the policy. (claytonutz.com)
  • While Warren Buffett has walked away from US catastrophe reinsurance, most reinsurers are following the pack and dropping rates. (sumzero.com)
  • By unanimous vote on April 30, board members approved a package that includes $1.855 billion in traditional reinsurance and $2.05 billion in capital market catastrophe bonds. (insurancejournal.com)
  • In addition, SCOR will acquire Transamerica International Reinsurance Ireland (TIRI) and will take over the operational assets and systems of TARe. (prnewswire.com)
  • Reducing access to international reinsurance capacity and risk management expertise. (scor.com)
  • The reinsurance contract may obligate the reinsurer to accept reinsurance of all contracts within the scope (known as "obligatory" reinsurance), or it may allow the insurer to choose which risks it wants to cede, with the reinsurer obligated to accept such risks (known as "facultative-obligatory" or "fac oblig" reinsurance). (wikipedia.org)
  • She has notable experience representing insurance and reinsurance companies in arbitrations involving life insurance and property/casualty insurance contracts. (foley.com)
  • Arbitration on behalf of an insurance company in a dispute involving breach of contract and other claims related to a reinsurance treaty covering energy and construction insurance contracts. (foley.com)
  • Guardian Holding Limited exited its reinsurance business at the end of 2021 after incurring a US$10-million (TT$67.94 million) loss in the third quarter due to the floods in Germany. (jamaicaobserver.com)
  • Even global asset manager Brookfield Asset Management Inc spun off Brookfield Reinsurance in June 2021 after earning US$128 million in its first quarter. (jamaicaobserver.com)
  • The average Reinsurance Accounting Clerk salary in China is ¥88,609 as of April 16, 2021, but the range typically falls between ¥24,288 and ¥162,217 . (salary.com)
  • Notably, the FRBs - since 2017 when they started operations - have over the years steadily increased their share in reinsurance pie from about 13 per cent to 30 per cent in 2021-22. (thehindubusinessline.com)
  • Lloyd's 2021 results have revealed significant improvements in virtually all lines of business as well as rocketing premium growth in reinsurance and primary casualty business. (insuranceinsider.com)
  • In the past 30 years there has been a major shift from proportional to non-proportional reinsurance in the property and casualty fields. (wikipedia.org)
  • People's Insurance Co. (Group) of China (1339.HK) and PICC Property & Casualty Co. (2328.HK) has agreed to inject a combined 2 billion yuan ($303.2 million) into PICC Reinsurance Co. to strengthen its capital base. (foxbusiness.com)
  • Gen Re delivers reinsurance solutions to the Life & Health and Property & Casualty insurance industries. (genre.com)
  • HNY Research projects that the Property and Casualty Reinsurance market size will grow from XXX in 2019 to XXX by 2025, at an estimated CAGR of XX. (marketpublishers.com)
  • OdysseyRe is a globally diversified underwriter of property and casualty reinsurance. (odysseyre.com)
  • The report shows that reinsurance is critical to risk management in the U.S. property and casualty (P&C) insurance industry, particularly for natural catastrophes and other infrequent but high-loss events. (brattle.com)
  • The new anti-affiliate-reinsurance tax proposal will adversely affect U.S. homeowners and businesses, who will likely encounter reduced availability and higher prices for property and casualty insurance for infrequent but high-loss events. (brattle.com)
  • Treaty Reinsurance means that the ceding company and the reinsurer negotiate and execute a reinsurance contract under which the reinsurer covers the specified share of all the insurance policies issued by the ceding company which come within the scope of that contract. (wikipedia.org)
  • There are two main types of treaty reinsurance, proportional and non-proportional, which are detailed below. (wikipedia.org)
  • As the Court said, "The definition of cover was an exercise in inclusion… A scope of cover for a reinsurance treaty, defined by reference to the period of underlying policies to be issued by the reinsured, is no different to a scope of cover defined by any other criterion. (claytonutz.com)
  • It explains "the circumstances where, although a policy issued by the insurer is within the class of business of the reinsurance treaty, the happening of a particular events or the existence of a particular circumstance has the effect of excluding or limiting the reinsurer's obligation to indemnify the insurer for any claims arising under that policy. (claytonutz.com)
  • Facultative reinsurance is normally purchased by ceding companies for individual risks not covered, or insufficiently covered, by their reinsurance treaties, for amounts in excess of the monetary limits of their reinsurance treaties and for unusual risks. (wikipedia.org)
  • Westport then wrote excess of loss reinsurance treaties over three layers for Gordian Runoff. (claytonutz.com)
  • The arrangements for the renewal of the International Group General Excess of Loss reinsurance contract and Hydra reinsurance programme for 2013/14 have been finalized. (igpandi.org)
  • The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. (wikipedia.org)
  • THE HAGUE, The Netherlands , April 26, 2011 /PRNewswire-FirstCall/ -- AEGON announces the divestment of its life reinsurance business, Transamerica Reinsurance, to SCOR, a global reinsurance company. (prnewswire.com)
  • We are pleased to have successfully concluded our discussions with SCOR on the divestment of our life reinsurance business. (prnewswire.com)
  • We are grateful for the continued dedication of the management and employees of Transamerica Reinsurance since announcing our intentions and are pleased to have identified a good home for this highly regarded business. (prnewswire.com)
  • Under the agreement, AEGON will divest its global life reinsurance activities with the exception of select blocks of business that are to be retained by AEGON. (prnewswire.com)
  • The divestment of the Transamerica Reinsurance business (TARe) will consist of a number of reinsurance agreements between various statutory entities and SCOR companies for the US domestic business. (prnewswire.com)
  • Earnings on the business retained as well as amortization of prepaid cost of reinsurance will be reflected in the run-off businesses line in AEGON's segment reporting. (prnewswire.com)
  • The reinsurance business being retained by AEGON, which is comprised primarily of the variable annuity guarantee business, is substantially hedged for financial market risks and produces normalized results which are negligible. (prnewswire.com)
  • The transaction will result in an amortization of prepaid cost of reinsurance of approximately USD 40 million before tax per annum initially related to the business ceded. (prnewswire.com)
  • Health insurance issuers will be able to treat contributions under the Reinsurance Program as ordinary and necessary expenses paid or incurred in carrying on a trade or business, subject to any applicable disallowances or limitations, or as a reduction to taxable income as provided under Subchapter L. (irs.gov)
  • Q2: May a sponsor of a self-insured group health plan treat contributions under the Reinsurance Program as ordinary and necessary business expenses? (irs.gov)
  • A sponsor of a self-insured group health plan that pays Reinsurance Program contributions may treat the contributions as ordinary and necessary business expenses, subject to any applicable disallowances or limitations under the Code. (irs.gov)
  • Guardian Re (SAC) Limited is a reinsurance business which pools GHL's hurricane and earthquake risk and reinsures the bulk of the risk of the aggregate to external, professional reinsurance companies. (jamaicaobserver.com)
  • The business processes that enable reinsurance firms to form agreements with other insurance companies to accept all or part of their risk can get mighty complex, mighty quickly. (computerworld.com)
  • Now imagine developing a single system that manages reinsurance business processes for numerous offices around the world-offices whose staffs speak different languages, are in different time zones and just might be stuck in their ways as to how they manage their business. (computerworld.com)
  • But by engaging the business and adapting its own practices to the demands of the situation, the group is successfully rolling out an integrated, multicurrency, multilanguage life reinsurance administration system, dubbed CybeRe, for its international division. (computerworld.com)
  • CybeRe fully integrates the many functions that make up the life reinsurance business, including quotes, underwriting, claims, risk management and accounting. (computerworld.com)
  • Reinsurance is, by nature, a cross-border business that allows for effective global risk diversification. (scor.com)
  • As we continue to watch the unfolding conflict, FM Global has made the decision to stop renewing any reinsurance business and to cease underwriting new reinsurance business with Russian insurers. (fmglobal.com)
  • Elizabeth is a member of the Insurance & Reinsurance and Business Litigation & Dispute Resolution Practice Groups. (foley.com)
  • A complex business, reinsurance has become relatively widespread. (marketpublishers.com)
  • As a result, the companies are compelled to bundle different risks together so that their business becomes large enough for reinsurance companies to consider. (managementstudyguide.com)
  • This is because reinsurance companies do not have the tool to accurately price the risk associated with different lines of business. (managementstudyguide.com)
  • This would have the effect of making policies outside the agreed class of business covered by the reinsurance treaties, said the NSW Supreme Court, and that could not be right. (claytonutz.com)
  • It is represented at chairman or CEO level by the seven largest European reinsurance firms: Gen Re, Hannover Re, Lloyd's, Munich Re, PartnerRe, SCOR and Swiss Re, with Insurance Europe providing the secretariat. (scor.com)
  • This is the latest case tackling the application of the NSW Insurance Act to reinsurance and arbitration agreements (starting with the decision in HIH v Wallace. (claytonutz.com)
  • Projections from state commerce officials suggest that the $384 million House reinsurance plan could help lower premiums by around 17 to 18 percent. (startribune.com)
  • Section 1341 of the Affordable Care Act establishes a transitional Reinsurance Program to help stabilize premiums for coverage in the individual market during the years 2014 through 2016. (irs.gov)
  • The typical model of reinsurance is to acquire premiums from other insurers and pay out claims when a disaster occurs. (sumzero.com)
  • The creation of a reinsurance captive will allow Groupe SEB to optimize the placement of its risks through Groupe SEB Ré, a new legal entity registered in France, which will insure specific risks on behalf of the Group, as well as its subsidiaries. (groupeseb.com)
  • Having a reinsurance captive entity has become an essential strategic tool for a global Group like ours. (groupeseb.com)
  • Groupe SEB has obtained the approval of the The French Prudential Supervision and Resolution Authority (Autorité de Contrôle Prudentielle de Résolution (ACPR)) for the launching of its reinsurance captive and has been advised by its broker Gras Savoye Willis Towers Watson. (groupeseb.com)
  • Guardian Re accepts inward reinsurance from external reinsurance companies from a diversified pool of global risks as a corollary to the reinsurance of GHL's reinsurance programme. (jamaicaobserver.com)
  • We have modified our reinsurance programme to dampen the effect of catastrophic hurricanes on our profits. (jamaicaobserver.com)
  • AEGON will maintain approximately half of the collateral requirements needed for reinsurance reserve financing. (prnewswire.com)
  • FRL's Reciprocal Jurisdiction Reinsurer status allows U.S. ceding companies to take full statutory credit for reinsurance ceded to FRL without any regulatory prescribed collateral requirements, effectively treating FRL for these purposes as a U.S. domiciled reinsurer. (insurancenewsnet.com)
  • In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes or wildfires. (wikipedia.org)
  • Almost all insurance companies have a reinsurance program. (wikipedia.org)
  • Guy Carpenter and Company, a subsidiary of Marsh & McLennan Companies, provided broker services to assist in securing the reinsurance placement. (fema.gov)
  • The laws and regulations in the insurance area apply to domestic insurance companies and domestic reinsurance companies under the Insurance Act and insurance distributors and policyholders of group insurance under the Act on Insurance and Reinsurance Distribution. (cnb.cz)
  • Branches of foreign insurance and reinsurance companies from non-EEA countries are also regulated in respect of activities carried on within the Czech Republic. (cnb.cz)
  • Branches of foreign insurance and reinsurance companies from EEA countries are primarily subject to regulation of and supervision by the country in which their head offices are located. (cnb.cz)
  • Solvency II, the new risk-based solvency and supervisory standard for European reinsurance companies, is planned to be introduced in 2012. (risk.net)
  • At present, there are above 115 prominent reinsurance companies around the globe active on the reinsurance market. (marketpublishers.com)
  • It is common for insurance companies to bundle their various risks so that the size of the underlying risk becomes large enough to gather interest from reinsurance companies. (managementstudyguide.com)
  • We will also have a closer look at the two main types of reinsurance bundling which is commonly used by reinsurance companies. (managementstudyguide.com)
  • Reinsurance companies are not like regular insurance companies. (managementstudyguide.com)
  • Hence, reinsurance companies are only interested in providing cover and undertaking a risk if there are significant volumes involved. (managementstudyguide.com)
  • Reinsurance companies will typically not offer coverage below a certain dollar amount. (managementstudyguide.com)
  • Hence, bundling of risk is a common practice amongst insurance companies so that they can make their underlying risk coverage attractive for a reinsurance company. (managementstudyguide.com)
  • Using homogenous bundling, large insurance companies can aggregate all their volume pertaining to similar risks into one insurable interest and then obtain the best deal from the reinsurance company. (managementstudyguide.com)
  • It is important to note that heterogenous bundling is considered to be risky by many reinsurance companies. (managementstudyguide.com)
  • There are aspects, such as taxation, that come in the way of making India an attractive destination for Foreign Reinsurance Branches (FRBs) though the GIFT City is aimed at solving these taxation woes. (thehindubusinessline.com)
  • A new publication by the Reinsurance Advisory Board (RAB), of which SCOR is a member, looks at how an open and well-regulated reinsurance market can support the resilience of societies. (scor.com)
  • The Global Reinsurance Forum (of which TransRe is a founding member) highlights the role of an integrated risk management structure (government regulation, improved engineering in addition to (re)insurance) to improve society's resilience to natural and man-made disasters. (transre.com)
  • The transaction, which consists of a number of reinsurance agreements, is subject to final approval of the relevant regulatory authorities and is expected to close in the summer of this year. (prnewswire.com)
  • Ultimately, a facultative certificate is issued by the reinsurance company to the ceding company reinsuring that one policy, and is used for high-value or hazardous risks. (wikipedia.org)
  • The power of reinsurance lies in its ability to diversify these peak risks from across the world through a mix of highly specialised and state-of-the-art expertise, continuous product innovation and a global balance sheet. (scor.com)
  • This means that a reinsurance company is also exposed to a lot of variety when it comes to products whose risks they assume. (managementstudyguide.com)
  • Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. (wikipedia.org)
  • With reinsurance, the company passes on ("cedes") some part of its own insurance liabilities to the other insurance company. (wikipedia.org)
  • The insurance company may be motivated by arbitrage in purchasing reinsurance coverage at a lower rate than they charge the insured for the underlying risk, whatever the class of insurance. (wikipedia.org)
  • Axis Reinsurance Company U.S. (fema.gov)
  • It should be noted that over many years, even including this US$10-million loss, our Bermudan reinsurance company is and has been a profitable venture. (jamaicaobserver.com)
  • Reinsurance services are mainly used when an insurance company intends to cut the financial cost it will experience in case of a claim. (marketpublishers.com)
  • There are two main ways in which insurance coverage is bundled together in order to create a pool for the reinsurance company. (managementstudyguide.com)
  • Additionally, the company provides other related services such as training and advisory services to its clients, making it an epitome of professionalism and promotion of reinsurance worldwide," he said. (businessghana.com)
  • With reinsurance, the insurer can issue policies with higher limits than would otherwise be allowed, thus being able to take on more risk because some of that risk is now transferred to the re-insurer. (wikipedia.org)
  • Fortitude Re U.S. , which will serve as a U.S. reinsurance platform for Fortitude Re, is an Arizona domiciled life and annuity insurer widely licensed in the U.S. This acquisition will enable Fortitude Re to offer clients a U.S. domiciled reinsurance option. (insurancenewsnet.com)
  • People's Insurance's stake in PICC Reinsurance remains at 51% after the capital injection, the Chinese insurer said after markets closed Wednesday. (foxbusiness.com)
  • The transaction will be accounted for as a reinsurance transaction between AEGON and SCOR. (prnewswire.com)
  • In addition to its basic role in risk management, reinsurance is sometimes used to reduce the ceding company's capital requirements, or for tax mitigation or other purposes. (wikipedia.org)
  • Reinsurance can make an insurance company's results more predictable by absorbing large losses. (wikipedia.org)
  • The Board Chairman for Ghana Reinsurance(Ghana Re) PLC, Mr George Otoo, has reiterated the company's commitment to becoming a world leader in the reinsurance industry by providing quality services to clients. (businessghana.com)
  • Property catastrophe reinsurance prices had not rallied that much. (sumzero.com)
  • In this article, we will have a closer look at what is bundling insurance exposures while obtaining reinsurance. (managementstudyguide.com)
  • this is the fastest growing segment of reinsurance. (sumzero.com)
  • Join our co-hosts, Jerad Leigh and Ben Rose (co-founders of Supercede and genuine reinsurance nerds), as they delve into the medium-paced world of cedents, brokers and reinsurance underwriting. (supercede.com)
  • Regulations proposed by the Department of Health and Human Services to implement the Reinsurance Program specify that self-insured group health plans are liable for the contributions, although a plan may utilize a third-party administrator or administrative-services-only contractor for transfer of the contributions. (irs.gov)
  • The recent changes in reinsurance regulations have signalled the regulator's resolve to transformative changes to develop the Indian reinsurance market. (thehindubusinessline.com)
  • This country-specific Q&A provides an overview of insurance & reinsurance laws and regulations applicable in United States. (mayerbrown.com)
  • But the regulator needs to introspect why despite the opening up the reinsurance market for FRBs seven years ago, their overall share in the Indian market remains modest at only 10. (thehindubusinessline.com)
  • This sub-catalogue provides access to unique reinsurance market research reports analyzing the reinsurance market at a global, regional and country scale. (marketpublishers.com)
  • The reports offer overviews of past and current reinsurance market trends, its drivers and challenges. (marketpublishers.com)
  • Descriptions of market participants and reinsurance market expansion perspectives are also covered in the reports. (marketpublishers.com)
  • For 2013/14, the allocation of the market reinsurance cost between the different vessel categories has, as in previous years, been assessed in accordance with the Group's general allocation objectives, principally that of moving towards a claims versus premium balance for each vessel type over the medium to longer term. (igpandi.org)
  • Transamerica Reinsurance realized underlying earnings before tax of USD 105 million in 2010. (prnewswire.com)
  • First, it meant that many primary insurers whose largest cost component was reinsurance would see earnings expand as costs dropped. (sumzero.com)
  • Dichotomy Capital invested in, and still has investments in groups like UIHC who will see earnings increase as reinsurance drops. (sumzero.com)
  • Under proportional reinsurance, the reinsurer's share of the risk is defined for each separate policy, while under non-proportional reinsurance the reinsurer's liability is based on the aggregate claims incurred by the ceding office. (wikipedia.org)
  • In each case, we will focus on efficient computational methods for addressing practical challenges in Reinsurance analytics and describe operational prototypes that use high performance computing (HPC) architectures to meet these challenges. (acadiau.ca)
  • PICC Property owns the remaining 49% stake in PICC Reinsurance. (foxbusiness.com)
  • When workers in the global software group at Reinsurance Group of America Inc. (RGA) in Chesterfield, Mo. (computerworld.com)
  • Dayton wrote to GOP lawmakers that he supports the idea of a reinsurance program, but urged them to pay for it with a tax on the health insurance industry rather than with other state funds. (startribune.com)
  • The reinsurance industry isn't for the faint of heart. (computerworld.com)
  • Insurance Europe's Reinsurance Advisory Board (RAB) is a specialist representative body for the European reinsurance industry. (scor.com)
  • Aon Reinsurance Solutions provided financial advisory services. (fema.gov)
  • It also promotes a regulatory and trading framework that facilitates global risk transfer through reinsurance and other insurance-linked capital solutions. (scor.com)
  • Aon heeft per 1 oktober Joost Vink aangesteld als managing director Facultative Benelux bij Reinsurance Solutions. (infinance.nl)
  • Roelant de Haas (foto) is per 1 september de nieuwe CEO Reinsurance Solutions van risico- en verzekeringsadviseur Aon Nederland. (infinance.nl)
  • Deze dekking is tot stand gekomen in samenwerking met Aon Reinsurance Solutions. (infinance.nl)
  • A report co-authored by economists at global consulting firm The Brattle Group finds that newly-proposed tax legislation aiming to defer the recognition of affiliated offshore reinsurance for U.S. tax purposes will negatively impact businesses and consumers in the United States. (brattle.com)
  • The recent Quantitative Impact Study, QIS3 (2007), developed a new module for assessing counterparty default risk, initially focused on reinsurance counterparty defaults, using a particular capital charge formula. (risk.net)
  • Affiliate reinsurance is central for the insurance groups because it addresses the problems of adverse selection and moral hazard, and also allows for efficient intragroup capital management. (brattle.com)
  • As my research continued, I began to notice all the alternative capital flooding the space, a topic little discussed by reinsurance executives at the time. (sumzero.com)
  • Employees with Reinsurance Accounting Clerk in their job title in Beijing, CN earn an average of 18.8% more than the national average. (salary.com)
  • But the DFL governor said he's worried money for reinsurance would otherwise go to the state's subsidized health insurance program, or be redirected from the state's general fund or budget reserves. (startribune.com)
  • The Department of Labor has advised that paying required contributions under the Reinsurance Program would constitute a permissible expense of the plan for purposes of Title I of the Employee Retirement Security Act (ERISA) because the payment is required by the plan under the Affordable Care Act as interpreted in the proposed rule issued by the Department of Health and Human Services. (irs.gov)
  • Q1: How may a health insurance issuer treat the contributions under the Reinsurance Program? (irs.gov)
  • Social reinsurance : a new approach to sustainable community health financing / editors, David M. Dror and Alexander S. Preker. (who.int)
  • Reinsurance has a key part to play in providing the risk capacity to enable this. (scor.com)
  • We certainly need more reinsurance support and thereby more reinsurance capacity. (thehindubusinessline.com)
  • How much does a Reinsurance Accounting Clerk make in China? (salary.com)
  • Insurance regulator IRDAI is pushing for reforms to make India a reinsurance hub, but achieving this goal requires more comprehensive changes, including Order of Preferences and taxation. (thehindubusinessline.com)
  • Through its member bodies, the RAB represents more than 50% of total worldwide reinsurance premium income. (scor.com)
  • While the insurance protection gap is expected to grow, notably due to climate change and demographic shifts, trade and regulatory barriers to cross-border reinsurance are also on the rise, to the detriment of policyholders and the economy. (scor.com)
  • Fred Karlinsky delivered a speech titled: "Regulatory Changes Impacting Insurance and Reinsurance. (gtlaw.com)
  • According to Investopedia , reinsurance is also known as insurance for insurers or stop-loss insurance. (jamaicaobserver.com)
  • The House and Senate passed bills last week to spend, respectively, $384 million or $600 million over the next two years on a new "reinsurance" program to protect insurers against unusually high claims. (startribune.com)
  • The 2015 package represents an increase of $636.5 million from the $3.269 billion in reinsurance protections secured for the 2014 hurricane season. (insurancejournal.com)
  • On the existing cap-introduced in 2018-that places restrictions on insurers' maximum cession that can be done with CBRs, Ramalingam said it would be preferred to have the cap calculated on the total reinsurance premium ceded and not on the premium ceded outside India. (thehindubusinessline.com)
  • The following questions and answers provide information on the treatment of contributions made under the Reinsurance Program. (irs.gov)