Reinsurance

Roles that need it

• Reinsurance Analyst
• Reinsurance Operations Analyst
• P&C Actuarial Analyst (Pricing & Reserving)
• Insurance Broker / Account Handler

Skills it belongs to

• Reinsurance fundamentals
• Insurance pricing, reserving and product economics

Related concepts

• Combined ratioThe combined ratio is the main profitability measure of non-life insurance: claims incurred plus expenses, divided by earned premiums. A ratio below 100 percent means an underwriting profit before investment income. It splits into a loss ratio and an expense ratio.
• Solvency Capital Requirement (SCR)The Solvency Capital Requirement is the capital an EU insurer must hold under Solvency II to absorb a 1-in-200-year loss over one year (99.5 percent value at risk). It is calculated with the standard formula or an approved internal model. The lower Minimum Capital Requirement (MCR) triggers the strongest supervisory action.
• Solvency IISolvency II is the EU prudential regime for insurers and reinsurers, applied since 1 January 2016. It has three pillars: market-consistent valuation and risk-based capital (SCR and MCR), governance including the ORSA, and supervisory reporting and public disclosure.

Sources

• Directive 2009/138/EC (Solvency II), EUR-Lex (external site) accessed 31 Oct 2026
• IFRS 17 Insurance Contracts, IFRS Foundation (external site) accessed 31 Oct 2026

Updated 31 Oct 2026.