#11 - How Does Reinsurance Work?
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
