Abstract
This chapter describes the institutional context of reinsurance. It first strives to clarify the legal nature of reinsurance transactions. It next describes the structure of the reinsurance market, and then the different legal and technical features of reinsurance contracts, called reinsurance “treaties” by practitioners. Indeed, the business of reinsurance, though only lightly regulated, takes place within a set of customary rules, making it thereby easier to describe and understand. In particular, traditional reinsurance treaties fall into a limited number of broad categories.
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References
Picard M, Besson A (1982) Les assurances terrestres, 5th edn. LGDJ, Paris
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© 2014 Springer-Verlag London
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Deelstra, G., Plantin, G. (2014). Reinsurance Market Practices. In: Risk Theory and Reinsurance. EAA Series. Springer, London. https://doi.org/10.1007/978-1-4471-5568-3_2
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DOI: https://doi.org/10.1007/978-1-4471-5568-3_2
Publisher Name: Springer, London
Print ISBN: 978-1-4471-5567-6
Online ISBN: 978-1-4471-5568-3
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