Report of Reinsurers' Security Working Party

Document description

The Working Party adopted the following as its terms of reference: 1) To provide material which may be of assistance to reinsurance security committees; 2) To provide guidance to those responsible for the making of provisions against current and potential future bad debts within the past and current reinsurance programme; 3) To research and document what additional data would be of assistance in an improved analysis. It became apparent at a fairly late stage that the ideas which were being formulated on reinsurers also had considerable applicability to direct insurers. Accordingly, the questionnaire used was drafted in terms of (re)insurers and, in other parts of the paper, the use of the term reinsurer or reinsurance should be taken to include insurer or insurance where appropriate.