reinsurance
The practice whereby insurers transfer portions of their risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim. The party that diversifies its insurance portfolio is known as the ceding party.
reinsurance — the practice whereby insurers transfer portions of their risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim. ESCO classifies it as a sector-specific (rooted in one industry) skill within knowledge.
Occupations that require reinsurance
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Frequently asked questions
What is reinsurance?
The practice whereby insurers transfer portions of their risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim. The party that diversifies its insurance portfolio is known as the ceding party.
What category of skill is reinsurance?
ESCO classifies reinsurance under the knowledge category, specifically in the finance, banking and insurance subcategory.
How transferable is reinsurance between industries?
ESCO tags reinsurance as a sector-specific (rooted in one industry) skill — a signal of how portable it is when you change field.
Is reinsurance the same as reinsurance claims principles?
Yes — reinsurance is also known as reinsurance claims principles. They refer to the same underlying capability in the ESCO taxonomy.
How can I learn reinsurance?
The most reliable path is to pick a job or project that demands reinsurance and learn through delivery. Complement that with role-specific roadmaps and short courses. Explore the occupations below to see where this skill is used in practice.