If you are in the insurance industry or just need to understand reinsurance, buy this book. The book starts with an introduction to the reinsurance contract that is easily understood and ensures all readers understand the basics of reinsurance. The book then moves into various applications of treaty and facultative reinsurance and the various applications. All along the way, important phrases, concepts, legal implications, and expert opinion are abundant. The authors and editor have done an exemplary job of taking a complicated, not well understood area of the insurance industry and made it understandable by novice and expert alike.
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