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Academic Insights for the Thinking World

  • Author: Paula Jarzabkowski

Eroding norms in reinsurance trading: Can it cause industry collapse?

In the face of severe disasters, or ‘Acts of God’, society turns to reinsurance. It is a financial market that insures insurance firms, and thus trades in large-scale disasters. Reinsurance is therefore the backbone for economic and social recovery in times of unimaginable losses, such as Hurricane Katrina or the attack on the World Trade Centre, through enabling insurers to pay their claims.

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