Financial Reinsurance

Financial Reinsurance

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Financial Reinsurance (or fin re), is a form of reinsurance which is focused more on capital management than on risk transfer. In the non-life segment of the insurance industry this class of transactions is often referred to as finite reinsurance. One of the particular difficulties of running an insurance company is that its financial results - and hence its profitability - tend to be uneven from one year to the next. Since insurance companies generally want to produce consistent results, they may be attracted to ways of hoarding this year's profit to pay for next year's possible losses (within the constraints of the applicable standards for financial reporting). Financial reinsurance is one means by which insurance companies can "smooth" their results.show more

Product details

  • Paperback | 88 pages
  • 152 x 229 x 5mm | 141g
  • Acu Publishing
  • United States
  • English
  • 6136691698
  • 9786136691695