This text is listed in the Course of Reading for SOA Fellowship study in the Advanced Finance/ERM and Individual Life & Annuities specialties. This text addresses the many issues and considerations involved in reinsurance for life, health and annuity products. Although written by actuaries, it may be read by anyone interested in the topic and does not require an actuarial background. Starting with basic concepts and definitions, the book builds through discussions of the various plans of reinsurance, regulatory issues, accounting and tax implications, administrative necessities, and international considerations to a discussion of some of the currently used complex applications of reinsurance. It is a valuable complete reference book addressing all issues affecting reinsurance. This also makes it an excellent continuing education resource. The Third Edition of the text updated the original work to reflect the many changes that occurred since the text's original publication, especially in the areas of regulation and taxation.
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