Современная практика перестрахования и перспективы его развития в Республике Беларусь

Abstract

Reinsurance is purchased by an insurance company (insurer) from a reinsurer as a means of risk management, transfer risk from the insurer to the reinsurer. Reinsurance companies themselves also purchase reinsurance, a practice known as a retrocession. They purchase this reinsurance from other reinsurance companies. A reinsurance company that sells reinsurance is a «retrocessionaire». A reinsurance company that buys reinsurance is a «retrocedent».