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- Title
Author's Reply.
- Authors
Long, John D.
- Abstract
This article presents views of the author on reinsurance. The author agrees with the fact that the problems in this case are "no different from those for the commercial risk whose casualty policies are subject to experience rating." indeed, the problems are similar, and the same sort of questions arise as to whether or not such transactions, themselves, embody insurance. If complete "self-rating," is involved, the answer surely is no. Such experience rating, however, is seldom complete. By virtue of a minimum and a maximum, it usually leaves some insurance element in the transaction. Perhaps the same conclusion holds for reinsurance. Few of us laymen, however, know enough about reinsurance rate making to be sure. According to the author reinsurance is "the insurance of insurance companies." Perhaps a definition like this embodies the central point. The author wonders whether everything that passes under the name of reinsurance is insurance. An answer to this question, of course, gets back to a definition of insurance, of which many exist.
- Subjects
REINSURANCE; INSURANCE companies; FINANCIAL institutions; MUTUAL holding companies; INSURANCE pools; INSURANCE
- Publication
Journal of Risk & Insurance, 1965, Vol 32, Issue 1, p136
- ISSN
0022-4367
- Publication type
Article
- DOI
10.2307/251124