Summary of The God Clause and the Reinsurance Industry

The risk business can tell us a lot about catastrophes. Why don't we listen?

Bloomberg Businessweek ,

Get the Article

The God Clause and the Reinsurance Industry summary
What if the worst thing you can imagine is not the worst thing that can actually happen? Trouble for the reinsurance industry.


8 Overall

5 Applicability

8 Innovation

8 Style


Few people work directly with reinsurance, so it may seem an oddity. However, since reinsurers work at estimating the likelihood of disasters, and their work underpins insurance, they affect everyone. What reinsurance has and hasn’t been able to predict has gotten more complicated in this age of global terrorism and climate change which has far-reaching ramifications. getAbstract suggests this article to all grappling with the implications of global change, and, specifically, to readers seeking to understand risk.

In this summary, you will learn

  • What the reinsurance industry does
  • Why disasters are hard to predict
  • How reinsurers can help mitigate risks


Many people don’t know what reinsurance companies do. Unless you work for an insurance company, you would not deal with them. Reinsurers insure insurance companies against catastrophic events. This means that the reinsurance industry is deeply invested (literally) in anticipating not just “high frequency...
Get the key points from this article in less than 10 minutes. Learn more about our products or log in

About the Author

Brendan Greeley is a staff writer for Bloomberg Businessweek.

Comment on this summary

More on this topic

Customers who read this summary also read

More by category