In its second edition the Practical Handbook of Reinsurance remains a compendium on the
fundamentals of the reinsurance business and thus a reference work for all special problems in
the field of reinsurance. Supplemented by a version in English it allows readers from
different countries to work together. With regard to bilingualism and the work of non-native
speakers with the handbook the keyword and abbreviation lists have been supplemented. The pool
of illustrations tables and formulae has also been expanded and tables in particular have
been completed in such a way that they can be used for daily work or at least for checking its
plausibility. The book can be read both section by section and in one piece as an introduction
to reinsurance. Margin numbers have been introduced and standardised in both linguistic
versions. Its topics originally arose from the learning objectives for the insurance specialist
studies. Hence particular emphasis continues to be placed on conveying basic knowledge and
methodology of reinsurance.The book is divided into eleven sections. It covers the historical
origins and the economic importance of reinsurance the relevant legal bases and the
functioning of the various structures forms and types of reinsurance with particular
reference to the material temporal and geographical scope of cover and restrictive clauses.
The differences between traditional and alternative forms of reinsurance are highlighted and
the reinsurance requirements and policy of the primary insurer are compared with the
underwriting capacity and policy of the reinsurer taking into account the special features in
the individual lines of business. Other focal points are the relevant decision-making bases for
the design of reinsurance programmes the purposes and sources of reinsurance statistics as
well as methods of pricing and price collection. Furthermore claims and run-off management in
reinsurance are described. Finally the basic concepts of accounting and the effect of
reinsurance on the balance sheets of the contracting parties and their solvency requirements
under Solvency II are discussed as well as the special aspects of risk management.As a
handbook with an extensive index it is ideal for looking up special features that occur time
and again in the everyday work of reinsurance.
