RAA reports Q3 and announces Institute of Reinsurance Education

A recent survey of reinsurers’ statutory underwriting results reports that a group of 26 U.S. P&C reinsurers wrote $18.8 billion of net premiums during the nine months ended September 30, 2005.
The survey, conducted by the Reinsurance Association of America (RAA), indicated a combined ratio of 124.1% for the group of reinsurers’ compared to the combined ratio of 103.9% reported by a similar group of reinsurers for the nine months ended September 30, 2004.
The ratio is attributable to a 97.1% loss ratio and a 27.0% expense ratio.
The RAA also recently announced the formation of the Institute of Reinsurance Education (iRE).
Beginning in 2006, the RAA reinsurance education seminars and programs will be presented under the umbrella of the RAA Institute of Reinsurance Education or iRE.
The Institute will recognize individuals completing the core curriculum of RAA reinsurance education courses plus one elective.
The RAA now annually offers six seminars. The 2006 programs include: Cat Modeling 2006: Shifting Paradigms; Reinsurance Basics: Demystifying Reinsurance; Current Issues Forum; Reinsurance Contracts: The Art of Designing Reinsurance Contracts and Programs; Reinsurance Claims: Reinsurance Claims Management for Claims Professionals by Claims Professionals; and, Reinsurance Finance: The ABC’s of Financial Analysis for the Insurance and Reinsurance Professional.
For 2006, core courses include Reinsurance Basics, Reinsurance Contracts, Reinsurance Claims and Reinsurance Finance. Cat Modeling and the Current Issues Forum will be elective courses.