#4 - What Is Reinsurance?

Learn about the nebulous and esoteric world of reinsurance with our forever fun-loving hosts, Ben and Jerad. Discover how reinsurance deals are made, their relevance to the wider insurance market, and the importance of why these deals are made. 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 03:40 What Is Reinsurance? 06:01 Reinsurance Allows Insurance Companies to Invest Their Cash 10:46 Reinsurance Isn’t Just a Product 12:18 Can Insurance Exist Without Reinsurance? 13:11 What Does an MGA Do? 15:51 Do Reinsurance Companies Buy Reinsurance Too? 19:34 Deconstructing Lloyds: Is It an Insurance Company? 24:05 The LMX Spiral Within the London Reinsurance Market 30:17 Why People Buy Reinsurance