The Reinsurance Association of America (RAA), headquartered in Washington, D.C., is the leading trade association of property and casualty reinsurers doing business in the United States. The RAA is committed to promoting a regulatory environment that ensures the industry remains globally competitive and financially robust. RAA membership is diverse, including reinsurance underwriters and intermediaries licensed in the U.S. and those that conduct business on a cross border basis. The RAA represents its members before state, federal and international bodies.
RAA members are experienced and well-established providers of reinsurance or are reinsurance intermediaries. To become an underwriting member of the RAA, an entity must:
(1) Be engaged in the assumption of U.S. property-casualty reinsurance from non-affiliated companies, and retain substantial risk.
(2) To become an affiliate member of the RAA, a reinsurance intermediary must be engaged, as its principal activity, in the placement of reinsurance risk from non-affiliated companies, and be licensed or authorized as a reinsurance broker or reinsurance intermediary.
Affiliate membership is also open to life reinsurers.
The RAA's Agenda
The RAA engages in a variety of activities that serve its members and affiliates by representing their collective interests, as well as providing information and analysis to audiences outside the industry.
Legislative:
The RAA is an active advocate for reinsurance interests before state regulators and legislators, who directly regulate the insurance business. At the federal level, the RAA actively lobbies on insurance and reinsurance regulatory issues.
Legal:
The RAA serves as a resource for its members and affiliates on analysis of reinsurance statutes and case law nationwide. It represents its members' interests by litigating on behalf of its members and serving as amicus curiae on issues of importance to the reinsurance industry. The RAA publishes articles to further development of reinsurance law in the U.S.
Financial Data:
The RAA provides aggregate financial data, including quarterly statistics on industry underwriting results, analysis of annual statement data on the reinsurance market, an underwriting review of premiums and losses, and a biennial study on historical loss development.
Education:
Seminars on reinsurance-specific education are held around the country each year. Conferences for RAA members and affiliates cover catastrophe modeling, basics of reinsurance, reinsurance contracts, reinsurance claims, reinsurance underwriting, and reinsurance finance. (Click here to see a list of our education offerings.)
|