An Introduction to Reinsurance
1h 30m
Created on May 28, 2015
Beginner
Overview
In this course, John F. Finnegan, a New York-based insurance and reinsurance litigator with more than 30 years of experience, introduces viewers to reinsurance and its defining characteristics.
John begins by explaining industry jargon for the uninitiated and then discusses the principal types and forms of reinsurance, the reasons why insurance executives purchase reinsurance and the documentation traditionally used to place, memorialize and administer reinsurance deals. John also discusses several contract clauses commonly found in reinsurance agreements and the types of disputes that regularly arise between cedents (the purchasers of reinsurance) and reinsurers (the providers of reinsurance).
Learning Objectives:
I. Gain an understanding of reinsurance terminology and jargon
II. Understand reinsurance fundamentals, including the differences between facultative and treaty reinsurances
III. Identify core reinsurance concepts and doctrines, including "follow the fortunes"
IV. Explore the nature of, and reasons for, recurring reinsurance disputes
Faculty
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