#11 - How Does Reinsurance Work?

This week the guys flex their knowledge of reinsurance to break down how the industry works, covering the different types of reinsurance, proportional versus non-proportional cover, layering risk to match appetite, and an interesting game of Frisk Risk involving ghost and alien risk coverage. CONNECT & SUPPORT: Website: https://www.supercede.com LinkedIn: https://www.linkedin.com/company/supercedehq Twitter: https://twitter.com/SupercedeHQ YouTube: https://www.youtube.com/channel/UCuzfykcesD0phGaCK7qB09Q RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss OUTLINE & TIMESTAMPS: 00:00 Intro 02:22 (Re)Insurance Products 03:55 Treaty, Facultative, & Retrocession Risk 05:36 Protecting a Portfolio of Similar Risks 06:50 Why Buy Proportional Cover? 09:33 Non-Proportional vs.Proportional Structures 11:52 Layering Non-Proportional Risk to Match Appetite 17:18 Balancing Future Losses 18:15 Differences Between Treaty, Fac &, Retro 25:22 Frisk Risk: Ghosts Vs. Aliens