The Essential Guide to Reinsurance

By Swiss Re · Swiss Reinsurance Company Ltd · 2015 · CP341-100-25

A Swiss Re publication introducing reinsurance to newcomers and to people who deal with reinsurers in their daily work. Its foreword says it describes the essence of reinsurance, its basic forms and the principal functions of a reinsurance company, draws attention to the regulatory environment in which reinsurers operate and stresses the importance of risk management, and shows the role reinsurance plays in the stability of the economy and society.

On the syllabus

Exam CP-341 — Outcomes 1a; background only.

Foreword

The essentials and origins of reinsurance

What do reinsurers do?
The origins of reinsurance: Protecting the assets of traders and merchants
Swiss Re: The making of a global leader
The modern reinsurance marketplace

Benefits of reinsurance for customers and society

Reducing claims volatility

Basic forms of reinsurance

Facultative reinsurance: Case-by-case risk transfer
Proportional reinsurance
Non-proportional reinsurance
Stop-loss reinsurance: Protection against annual claims volatility

Managing risks in reinsurance

Asset management: The other side of the reinsurance business model
Capital and liquidity management: The flip side of risk management

The regulatory framework

Capital requirements: Towards a risk-based and economic approach
Solvency II – A new global benchmark for insurance regulation

Reinsurance solutions for today's societal challenges

Sources

The essential guide to reinsurance (Swiss Re, 2015) — the document: title, imprint (© 2015 Swiss Re, order no. 1504240_10_en), foreword, the printed contents page and the headings under each of its six sections; the SOA study note itself is not published, so the identification of the syllabus's "CP341-100-25: The Essential Guide to Reinsurance" with this Swiss Re guide is by title
CP 341 Syllabus, Mar 2027/Jul 2027 (SOA) — the citation as study note CP341-100-25, marked "background only", and the learning outcome it is listed under