Reinsurance Manual

The reinsurance market world over has been growing rapidly.  With the increase in the volatility of risks, reinsurance has become inevitable.  The insurers must have a well-planned strategy to have a stable business portfolio. With the growing complexities in reinsurance, the need was felt to have some literature in easy language which can be grasped easily by the Insurance Underwriters, Brokers, Students. Mr. K.L. Naik a Reinsurance Guru and authority on the subject ventured to author this manual on Reinsurance.  Mr. Naik has very rich experience both in Indian and International markets and he has put forth all his experience in capsule form in this book.

The book written in lucid language will be an easy reference guide for Insurers, Reinsurance Professionals, Students, Intermediaries. It will be a rich and valuable addition to every library for reference on Reinsurance in India.

Important topics covered in the book

1. Introduction and Glossary for the Manual 5
2. Fundamentals 13
3. Methods  29
4. Underwriting 33
5. Programming 35
6. Facultative 41
7. Proportional Treaty Terms 45
8 Non-Proportional Treaty Terms 55
9. Underwriting Information Formats of Risk Profiles & Loss Profiles 69
10. Accounts – Proportional Treaties 75
11. Accounts – Non-Proportional Treaties 81
12. Rating Technology of Excess of Loss Treaties 91
13. Legal and Contractual Aspects of 105
14. Reinsurance of Life Insurance 109
15. A practical example of Programming 113
16. Writing and Underwriting Inward 123
17. Conclusion 131
Annexure I SIGMA Reports (2005-2012) & market trends 133 (1945 to 2012)
Annexure-II Standard Proportional treaty slip with clauses, 138
conditions, terms, and list of exclusions
Annexure III Standard Non-Proportional treaty slip with terms and list of exclusions  181
Annexure-IV Facultative slip for Pro-Rata Fac. Re. 219
Annexure V Facultative slip for XL Fac. Re 223
Fundamentals – Self Examination Questions 225

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