Reinsurance 101

Reinsurance is a growing Industry and is a complex business. In this video I cover many of the basics and provide examples to help others understand and get a good overview of what Reinsurance is and its importance in our world.

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Reinsurance is Insurance for an Insurance company. I cover different types of reinsurance, Treaty vs. Facultative Contracts, Proportional vs Non-Proportional types, Run off vs Cut off contracts, reinsurers, reinsurance brokers, and much much more.

The job of reinsurance is to reduce the risk to an insurance company and share in covering the losses that a company pays out. The Insurance company cedes these losses in different way that I explain. The ceding company can have very complex accounting due to having to deal with many contracts that each differ in many ways.

We cover two main types of reinsurance, Quota Share agreements and Excess of Loss (XOL) agreements. Quota Share and Excess of loss are probably the 2 most common types of contracts and we dive into these in detail.

I hope this video helps you to understand the basics of Reinsurance and its importance to Insurance company's. Thank you for watching!

Questions or Inquires, Email me:

*This Video is not meant to be professional advice, but is rather for entertainment purposes only. Take all of my videos as my own opinion, and at your own risk. This Video is accurate as of the posting date but may not be accurate in the future. Links above include affiliate commission or referrals.

[AnnaHans]

You have no idea how much this helped me, excellent summation! Thank you so much, just subscribed.

Do you have any more vids on reinsurance? Would love if you made a series going more in depth.

[carlad]

Im applying for a reinsurance job and this video really helped me to understand better. Thanks

[jdantes]

Love it. Thanks so much for your efforts to post this!

[podcasts]

Ow the last part! Complex but fascinating 🧐 I’ll have to revisit the end topics to retain what happened!

[habibubelloabubakar]

Thank you so much for the knowledge you impacted to us, I will like you to elaborate more on how "Layer and Line" in reinsurance operation.

[musicloveranthony]

Amazing video!! Thank you so much. I invest in Brookfield Corporation and never understood what their reinsurance arm was

[DisruptiveWealthCreation]

Great breakdown and analysis. LIKE 2# stay connected

[joebuslife]

Thanks! This was great. Would love if you did an example using Lemonade.

I think they do both proportional and non proportional reinsurance. For proportional they cede about 75% of premium and then get about 25% back from what has been ceded as a commision (As far as I understand). Maybe percentage paid as commission is what is negotied? That's part of what I would like clarification on if possible. In the end somehow Lemonade ends up with about 45% of their premiums collected as revenue, so if there is anyway you could clarify how that comes about that would great as well. Thanks 😊

[uzumakiMADDYkun]

Thank you, can you also help understand role of insurance broker who deals with reinsured and reinsurer (underwriter),
How Pro Rata is calculated and accounts are settled,
Role of London markets

[lebronjuniornuggets]

Do you do private tutoring/chats? loved the video

[iRachelt]

Can you do a video on Excess of Loss with multiple layers?

[jimjohn]

Hello Mark,
This is a useful video, could you please share some links or books for learning large corp property reinsurance for a beginner?

[Fuckthis]

This is helpful to understand thank you