Reinsurance & Inland Marine: Beyond The Basics!-Reinsurance & Inland Marine: Beyond The Basics!

Video Transcription

Video Summary

The webinar hosted by the Inland Marine Underwriters Association covered various aspects of reinsurance and its mechanics, focusing on topics such as treaty structures, catastrophe modeling, effective rate, burn costs, reinstatement costs, and alternative capital like catastrophe bonds. The presenter, Dennis, emphasized the importance of understanding one's reinsurance program to inform business decisions effectively. The concept of geocoding was discussed in relation to accurately identifying risk locations for modeling purposes. Concepts like annual aggregate deductibles and risk-attaching versus loss-occurring contracts were explained. Additionally, the use of catastrophe bonds and alternative capital in managing large loss events was highlighted. Dennis encouraged attendees to follow up with any questions and suggested further reading for those interested in delving deeper into reinsurance concepts. The presentation aimed to provide a foundational understanding of reinsurance principles for the audience, primarily consisting of marine insurance professionals.

Asset Caption

Date of Publication: February 8, 2017
Duration: 62minutes

This webinar is intended for insurance professionals seeking a broader knowledge of the functions of reinsurance in supporting inland marine underwriting.

Meta Tag

Module Inland Marine Insurance Industry

Keywords

Inland Marine Underwriters Association

reinsurance mechanics

treaty structures

catastrophe modeling

effective rate

burn costs

reinstatement costs

alternative capital

geocoding

risk locations