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1

1 Chapter

Purpose of and the parties

involved in reinsurance

Contents Syllabus learning
outcomes

Learning objectives
Introduction
Key terms
A Purpose of reinsurance 1.1
B Buyers of reinsurance 1.2

C Motivation for selling insurance 1.2
D Sellers of reinsurance 1.2
E Contractual relationship between buyers and sellers 1.1, 1.2
F Reinsurance brokers 1.2 Reference copy for CII Face to Face Training
Key points
Question answers
Self-test questions

Learning objectives
After studying this chapter, you should be able to:

• explain the purpose of reinsurance;
• describe the parties involved in a reinsurance contract, their motivations and contractual
relationships; and
• identify the objectives of contracting parties.