Reinsurance
Reinsurance
This chapter discusses private markets for reinsurance and the rationale for and experience with government provision of such insurance. Volatility in reinsurance markets is one cause of cycles in markets for primary medical malpractice insurance. One approach for reducing the amplitudes of cycles, which can be quite disruptive, especially in some geographic locations and physician specialties, is to substitute publicly provided for privately provided reinsurance.
Keywords: private markets, reinsurance markets, medical malpractice insurance
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