Think you know it all?
True or False?
- 1.Reinsurance is a transaction in which one insurance company indemnifies another insurance company against all or part of the loss that it sustains under a policy or policies of insurance.
2.Reinsurance can only be written on a pro rata basis.
3.Reinsurance spreads risk so that no single entity finds itself saddled with a financial burden beyond its ability to pay.
4.A reinsurance treaty is a narrow agreement.
If you answered ‘True’ to 1 and 3, you already know some reinsurance fundamentals.
But, if you answered ‘True’ to 2 or 4, you might want to consider attending the Reinsurance Association of America’s Reinsurance Basics Seminar being presented for the first time on the West Coast, from October 22-24 at the Westin San Francisco Market Street.
- Who should attend?
Buyers and sellers of reinsurance, lawyers, accountants, and regulators.
What will you learn?
For additional information and to register: click here or contact Ann-Marie at mwombela@reinsurance.org.
We hope you take advantage of this exceptional educational experience.
And p.s.— (2) reinsurance can be written on a pro rata and excess of loss basis; (4) a reinsurance treaty is a broad agreement.