reinsurance


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reinsurance

Managed Care A type of protection purchased by HMOs or providers from insurance companies specializing in underwriting specific risks for a stipulated premium

reinsurance,

n insurance for third-party payers to spread their risk for losses (claims paid) over a specified dollar amount.
References in periodicals archive ?
Besner has nearly 25 years of experience as a practicing actuary in four countries, including 13 years of experience in the reinsurance industry and 11 as consulting actuary to primary insurers.
In 1979, he recalled, Baden-Baden shed its German marine element and began to focus strictly on reinsurance.
Alternatively, quota-share reinsurance may provide some relief from losses from acts of terrorism, since quota-share reinsurance provides first-dollar coverage.
The influx of lawyers and arbitrators into the reinsurance arbitration field, combined with the staggering dollar amounts at issue and the demise of long-term cedent-reinsurer relationships, has resulted in arbitration disputes that resemble trench warfare, more than a civilized method to obtain a "fast, fair, and cost-effective resolution by knowledgeable decision-makers.
Reinsurance is one of the legs on the stool in protecting organizations from insolvency, Crispin said.
They are asking their partners, the reinsurance intermediaries, to provide them with that," Fedor said.
Toa Reinsurance Co of America 10,786,412 178,755,188
Similarly, Fitch believes it is unlikely that the 23 primary life insurers will terminate their reinsurance agreements with SLD because SLD's ratings have not changed.
The United Kingdom, Germany (non-life), Switzerland, Bermuda and Japan are among the major reinsurance jurisdictions in the world that do not have collateral requirements, and maw have represented in comment letters to the NAIC that they do not have major problems with uncollectible reinsurance recoverables.
The ED also would establish the conditions required for a contract with a reinsurer to qualify for reinsurance accounting.
The report also concludes that two developments in early 2007 have the potential to impact a relatively placid reinsurance marketplace: