Reinsurance vital to the financial stability of all types of insurance company.

(PRWEB) February 22, 2004--Research and Markets announces the addition of this new report entitled "Reinsurance Essentials" to its offerings.

Reinsurance is an international, multi-billion dollar industry that is vital to the financial stability of all types of insurance company. It enables insurance companies worldwide to provide insurance against risks that they otherwise would not be able to accept safely. It operates by transferring to another insurer (known as a reinsurer) some of the liabilities accepted under the insurance contracts an insurer has written.

Like most financial services, reinsurance has been subject to many changes in recent years, in response to economic, environmental, political, technological, legal and other developments. Reinsurance is seen by many in the insurance industry as a back office operation that lies outside their own work experience. The object of this book is to explain as simply as possible the fundamental principles and practice of non-life reinsurance.

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