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 and
- How reinsurers can help mitigate risks.
About the Author
Brendan Greeley is a staff writer for Bloomberg Businessweek.