Review:
Reinsurance Industry
overall review score: 4.2
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score is between 0 and 5
The reinsurance industry is a sector of the insurance market that involves insurers purchasing insurance from other insurers to mitigate their own risk exposure.
Key Features
- Risk transfer
- Capital management
- Regulatory compliance
Pros
- Helps insurers manage their exposure to large losses
- Promotes stability in the insurance market
Cons
- Can be complex and costly for insurers