The Value of Risk Swiss Re and the History of Reinsurance

This book explains how today's insurance industry developed and highlights the role of the reinsurance industry in spreading risks globally. Reinsurance is an invisible service industry which enables insurance companies to insure more risks and to make better use of their resources. Reinsurance comes to the fore when large disasters happen such as earthquakes or windstorms. The book examines the development of insurance markets and of the reinsurance industry inparticular, and the history of Swiss Re, one of the leading reinsurance companies in the world.