Reinsurance

An appropriate over-all objective was considered to be an attempt to analyze the actuarial phases inherent in the reinsurance operation. (This necessitated a preliminary discussion of the barrier that has separated the actuary from reinsurance so effectively over the years.) The main discussion then started with an analysis of the components of the "total" reinsurance function. Components which relate to actuarial theory and techniques could then be isolated. The "total function" of reinsurance was reviewed briefly. Then the limitation of subject matter to the "actuarial realm" of chance fluctuations was prescribed and the discussion proceeded along the following lines: a. Stabilization fundamentals and functions b. Rating problems and tools c. Basic concepts