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Monday 8am - 5pm Tuesday 8am - 5pm

Reinsurance Association of America

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Washington D.C., DC
Reinsurance Association of America

The Reinsurance Association of America (RAA), headquartered in Washington, D.C., is the leading trad Reinsurance is a global business. About 40% of all U.S.
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Reinsurance is best thought of as "insurance for insurance companies," a way for a primary insurer to protect against unforeseen or extraordinary losses. Reinsurance serves to limit liability on specific risks, to increase individual insurers' capacity, to share liability when losses overwhelm the primary insurer's resources, and to help insurers stabilize their business in the face of the wide sw

ings in profit and loss margins inherent in the insurance business. For example, reinsurance plays a critically necessary, though behind-the-scenes, role in the financial management of natural disaster losses. In a reinsurance contract one insurance company (the reinsurer, or assuming insurer) charges a premium to indemnify another insurance company (the ceding insurer) against all or part of the loss it may sustain under its policies. Reinsurance contracts may cover a specific risk or a broad class of business. Its international nature reflects a further spreading of risk and access to broader capital markets to help cover losses. reinsurance premiums, and two-thirds of all property catastrophe reinsurance premiums, are written by foreign reinsurance companies.

Address

1445 New York Avenue NW, Fl 7TH
Washington D.C., DC
20005

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm

Telephone

+12026383690

Website

http://www.reinsurance.org/

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