reinsurance

Definitions

  • WordNet 3.6
    • n reinsurance sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured "reinsurance enables a client to get coverage that would be too great for any one company to assume"
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Webster's Revised Unabridged Dictionary
    • Reinsurance A contract by which an insurer is insured wholly or in part against the risk he has incurred in insuring somebody else. See Reassurance.
    • Reinsurance Insurance a second time or again; renewed insurance.
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Century Dictionary and Cyclopedia
    • n reinsurance A renewed or second insurance.
    • n reinsurance A contract by which the first insurer relieves himself from the risks he had undertaken, and devolves them upon other insurers, called reinsurers. Also called reassurance.
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Usage

In literature:

He ran the reinsurance desk at the Royal for years.
"The Blood Red Dawn" by Charles Caldwell Dobie
Reinsurance treaties are abrogated unless invasion has made it impossible for the reinsured to find another reinsurer.
"World's War Events, Volume III" by Various
He starved himself in order to save money to speculate in shipping reinsurance.
"Swirling Waters" by Max Rittenberg
The aggregate of these sums makes up the "reserve" or reinsurance fund.
"The Galaxy, June 1877" by Various
It is also called the reinsurance fund.
"The Galaxy, May, 1877" by Various
Contracts of reinsurance are often made by all insurance companies.
"Putnam's Handy Law Book for the Layman" by Albert Sidney Bolles
A few reinsured their risks or were merged in permanent companies, but the mass of them proved to have no substance.
"Encyclopaedia Britannica, 11th Edition, Volume 14, Slice 6" by Various
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In news:

Feds open early retiree reinsurance program.
We're Political " Reinsurance Salesmen".
Future of Terrorism Reinsurance Remains Uncertain.
Reinsurance allows an underwriter to assume more liability.
SWISS REINSURANCE SAYS IT TRIED TO ACQUIRE PARTNERRE.
Credit Suisse Selling Reinsurance Business.
CIGNA TO SELL MOST OF REINSURANCE LINE.
Many insurance companies using discounted reinsurance rates to increase exposure to risks.
Superstorm Sandy to cost reinsurer Swiss Re $900m.
Reinsurance company Swiss Re estimates that claims stemming from the destruction caused by Superstorm Sandy will cost the company about $900 million.
Superstorm losses won't wipe out rising profit at German reinsurer Munich Re.
Kohlberg Kravis Buys A Swiss Reinsurer .
Also controls Taiwan-listed Central Reinsurance.
Superstorm Sandy costs reinsurance company super big bucks .
It estimates a gross loss of $1.135 billion excluding expected recoveries from reinsurance, the company said in a statement.
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In science:

The catastrophe risk could be partly reduced by reinsurance.
Optimal Dividend and reinsurance strategy of a Property Insurance Company under Catastrophe Risk
The catastrophe risk could also be partly reduced by reinsurance.
Optimal Dividend and reinsurance strategy of a Property Insurance Company under Catastrophe Risk
The regulation of the catastrophe risk determines to what extent the catastrophe risk could be eliminated, here we use reinsurance rate and adjusted risk rate in the regulation.
Optimal Dividend and reinsurance strategy of a Property Insurance Company under Catastrophe Risk
Unfortunately, there is little work concerned with the catastrophe risk of the property insurance company in the problem of optimal risk control/dividend distribution via the reinsurance rate.
Optimal Dividend and reinsurance strategy of a Property Insurance Company under Catastrophe Risk
The catastrophe risk could only be partly reduced by reinsurance.
Optimal Dividend and reinsurance strategy of a Property Insurance Company under Catastrophe Risk
Since the catastrophe risk is huge, the reinsurance strategy is not the same as the normal reinsurance.
Optimal Dividend and reinsurance strategy of a Property Insurance Company under Catastrophe Risk
Denote k as the adjusted risk rate according to the reinsurance regulation of the catastrophe risk. k is a constant.
Optimal Dividend and reinsurance strategy of a Property Insurance Company under Catastrophe Risk
It could reduce its reinsurance level (i.e., 1 − aπ∗ (t)) according with the optimal control strategy π ∗ .
Optimal Dividend and reinsurance strategy of a Property Insurance Company under Catastrophe Risk
Meanwhile, the company should adopt a lower reinsurance rate to get lower optimal dividend payments level.
Optimal Dividend and reinsurance strategy of a Property Insurance Company under Catastrophe Risk
We consider the optimal dividend and the reinsurance strategy of a property insurance company.
Optimal Dividend and reinsurance strategy of a Property Insurance Company under Catastrophe Risk
The catastrophe risk could be partly reduced by reinsurance.
Optimal Dividend and reinsurance strategy of a Property Insurance Company under Catastrophe Risk
We establish the optimal reinsurance rate, the optimal dividend strategies and explicit the optimal return function of the company.
Optimal Dividend and reinsurance strategy of a Property Insurance Company under Catastrophe Risk
Proportional Reinsurance Policy under solvency constraints.
Optimal Dividend and reinsurance strategy of a Property Insurance Company under Catastrophe Risk
Whereas (1.2) explains the terminology, (1.3) has the obvious interpretation in terms of reinsurance and stop-loss contracts.
Nonparametric two-sample tests for increasing convex order
Keywords: Optimal dividend policy; Optimal return function; Solvency; Stochastic regular-singular control; Proportional reinsurance; Probability of bankruptcy; Stochastic differential equations.
Optimal dividend and investing control of a insurance company with higher solvency constraints
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