O impacto do resseguro nos resultados da Tranquilidade

Abstract

Reinsurance is one of the main tools of risk management of the capital utilised by insurance companies (Baur & Breutel-O’Donoghue, 2005, pág. 3). Reinsurance plays an important role in the economic and financial activities of any country, even though it is continuously disregarded by almost every society. The purpose of this research is to present the theme, to analyse the factors that determine the discrepancies of the consequences in the use of reinsurance and to understand the impact of reinsurance in the results of the insurer. Additionally, another point is to analyse what occurs to such results in the case of the absence of reinsurance. This analysis is based on (public and confidential) information obtained from the insurance company Tranquilidade and analysed during the internship period, with the main goal of gathering the information and knowledge for the study of its financial statements. In conclusion, reinsurance represents a cost for the insurance company. Nevertheless, we should not forget that this same tool is used as a method of stabilising results, in the event of any loss or of a group of losses that might, somehow alter these results. Finally, an estimate is made as to determine the accident rate where the reinsurance can turn out to become a profitable measure, and where the costs associated to the accident claims could, consequently, offset the reinsurance premiums paid.

Date of Award	16 Mar 2015
Original language	Portuguese
Awarding Institution	Universidade Católica Portuguesa
Supervisor	Paulo Alves (Supervisor)