Climate Risk & Weather-Related Re/Insurance Industry Losses Review
Climate risk has once again been the catalyst for insurance and reinsurance market change. Major losses caused by extreme weather events in recent years
Reinsurance Sector, or insurance for insurers, is the practice of risk-transfer and risk-sharing between and amongst insurance companies. Treaty resinsurance involves one insurer buying broad coverage from a dedicated reinsurance issuer that covers all of the insured company’s policies.
For example, an insurance company might insure commercial property risks with policy limits up to $10 million, and then buy per risk reinsurance of $5 million in excess of $5 million. In this case a loss of $6 million on that policy will result in the recovery of $1 million from the reinsurer.
In this section, we have collected the most current articles and reviews on the topic of the Reinsurance Sector.