Insurance And Reinsurance Business. For now, the provision of financial services between the eu and the uk is subject to. 1.1 which government bodies/agencies regulate insurance (and reinsurance) companies?
Statutory accounting for the reinsurance of life and health insurance blocks of business is governed by ssap 61r. The insurance businesses that berkshire owns provide insurance and reinsurance of property and casualty and life, accident, and health risks worldwide. In simple terms, insurance is the act of indemnifying the risk, caused to another person.