#11 - How Does Reinsurance Work? - podcast episode cover

#11 - How Does Reinsurance Work?

Mar 29, 202231 min
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Episode description

This week the guys flex their knowledge of reinsurance to break down how the industry works, covering the different types of reinsurance, proportional versus non-proportional cover, layering risk to match appetite, and an interesting game of Frisk Risk involving ghost and alien risk coverage.


CONNECT & SUPPORT:

Website: https://www.supercede.com

LinkedIn: https://www.linkedin.com/company/supercedehq

Twitter: https://twitter.com/SupercedeHQ

YouTube: https://www.youtube.com/channel/UCuzfykcesD0phGaCK7qB09Q

RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss


OUTLINE & TIMESTAMPS:

00:00 Intro

02:22 (Re)Insurance Products

03:55 Treaty, Facultative, & Retrocession Risk

05:36 Protecting a Portfolio of Similar Risks

06:50 Why Buy Proportional Cover?

09:33 Non-Proportional vs.Proportional Structures

11:52 Layering Non-Proportional Risk to Match Appetite

17:18 Balancing Future Losses

18:15 Differences Between Treaty, Fac &, Retro

25:22 Frisk Risk: Ghosts Vs. Aliens

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