Article
| January 12, 2010
In Defense of Reinsurance
A version of this article was published as an Expert Commentary on IRMI.com, the website of the International Risk Management Institute, Inc., January 2010.
If you are in or around the reinsurance business, your ears must be burning. Articles, blogs, letters to the editor, tweets, and unsolicited commentary are replete with attacks on the reinsurance industry. It’s the greedy reinsurers that are causing insurance premiums to go up, so they say. Reinsurers, especially offshore reinsurers, are reaping big profits while the policyholders still have to pay large premiums for homeowners’ insurance in coastal areas even though there were no hurricanes this year, according to these pundits. Reinsurance is being described by some as a sham.
About the authors
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