View this article online: https://www.claimsjournal.com/services/newswire/2007/10/09/84094.htm

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.
T F

2.Reinsurance can only be written on a pro rata basis.

T F

3.Reinsurance spreads risk so that no single entity finds itself saddled with a financial burden beyond its ability to pay.

T F

4.A reinsurance treaty is a narrow agreement.

T F

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?

• Distinguish insurance from reinsurance;
  

• Identify the purposes of reinsurance and how reinsurance affects the buyer;
  

• Understand distinctive provisions of different reinsurance approaches;
  

• Learn how to structure a reinsurance program;
  

• Understand critical risk transfer requirements;
  

• Study key annual statement schedules;
  

• Learn the differences between regulatory and GAAP accounting.
  

• Explore current trends in the marketplace.

For additional information and to register: click here or contact Ann-Marie at mwombela@reinsurance.org.