=IF(Loss > Attachment_Point, MIN(Loss - Attachment_Point, Reinsurance_Limit), 0) - Reinsurance_Premium
Reinsurance—often called 'insurance for insurance companies'—is a vital tool for managing risk and capital, and its pricing requires specialized actuarial expertise. This guide explores the techniques for pricing various types of reinsurance contracts, including Quota Share, Excess of Loss, and Stop Loss. Actuaries must perform 'experience rating' based on the ceding company's historical losses and 'exposure rating' using industry-wide data and curves. The guide also details the process of reinsurance optimization—determining the most efficient combination of retentions and limits to protect the company's earnings and capital. A senior actuary must evaluate the creditworthiness of reinsurers and the impact of reinsurance on the company's regulatory capital requirements. This role involves complex negotiation and modeling, as the cost and availability of reinsurance are influenced by global market cycles. By strategically using reinsurance, actuaries can reduce the volatility of the company's results, provide additional capacity to write new business, and protect against catastrophic events. The guide emphasizes the need for clear communication between the actuarial, underwriting, and finance departments to ensure that the reinsurance program aligns with the company's overall risk appetite and financial goals.ADVERTISEMENT - IN-ARTICLE
Profi-Leitfaden
Was ist ein Befestigungspunkt?|Die Höhe des Schadens, ab dem ein Rückversicherungsvertrag mit der Auszahlung an die abtretende Versicherungsgesellschaft beginnt.|Was ist der Unterschied zwischen Vertrags- und fakultativer Rückversicherung?|Der Vertrag deckt ein breites Risikoportfolio ab, während der fakultative Vertrag ein einzelnes, spezifisches Risiko oder eine einzelne Richtlinie abdeckt.