This has made the next line of defense, Reinsurers, much more important.
Large companies will use Reinsurers to reduce risk values on their books
and allow themselves to acquire additional contracts.
A type of reinsurance in which the reinsurer can accept or reject any risk presented by an insurance company seeking reinsurance.
It is not surprising, then, that the reinsurer Swiss Re has conducted studies
on mitigating the costly risks of hurricanes to coastal communities.
So, while insurers, Reinsurers and their regulators try to develop better models
and tools to manage climate and other catastrophic risks, global financial markets have provided some relief.
In addition, as a result of the General Re acquisition in December 1998, Berkshire's insurance businesses also included life,
accident and health Reinsurers, as well as internationally based property
and casualty Reinsurers.
In addition, as a result of the General Re acquisition in December 1998, Berkshire’s insurance businesses also include life,
accident and health Reinsurers, as well as internationally-based property and casualty Reinsurers.
In addition, as a result of the General Re acquisition in December 1998, Berkshire's insurance businesses also includes life, accident,
and health Reinsurers, as well as internationally based property
and casualty Reinsurers.
In addition, as a result of the General Re acquisition in December 1998, Berkshire's insurance businesses also included life,
accident and health Reinsurers, as well as internationally-based property and casualty Reinsurers.
In addition, as a result of the General Re acquisition in December 1998, Berkshire's insurance businesses also includes life,
accident and health Reinsurers, as well as internationally-based property and casualty Reinsurers.
The data of PSU insurers shows that the premium collected is not enough to cover the claims made by farmers, as a major chunk of it- 80-85 per cent-
is reinsured and they can recover the losses from Reinsurers.
Further, an average working person is assured of, as we said, only 8% of what may be required to protect a family after the death of an earning member,
according to our analysis of data by leading global reinsurer Swiss Re.
At the end of March 2018, there are 68 insurers operating in India, of which 24 are life insurers, 27 are general insurers, 6 are standalone health insurers exclusively doing health insurance business and
11 are re-insurers including foreign reinsurer branches and Lloyd's India.