Presents overview of reinsurance. Describes reinsurance program design. Traces the reinsurance placement process. Regulation discussed. Identifies common reinsu

Reinsurance is an important production factor of non-life insurance. The efficiency and the capacity of the reinsurance market directly regulate those of insura

In excess of loss reinsurance, the reinsurer covers the amount of a loss exceeding the policy’s deductible but not piercing its cover limit. Accordingly, a po