Reinsurance Association of America (RAA)


Reinsurance is best thought of as "insurance for insurance companies," a way for a primary insurer to protect against unforeseen or extraordinary losses. Reinsurance serves to limit liability on specific risks, to increase individual insurers' capacity, to share liability when losses overwhelm the primary insurer's resources, and to help insurers stabilize their business in the face of the wide swings in profit and loss margins inherent in the insurance business. For example, reinsurance plays a critically necessary, though behind-the-scenes, role in the financial management of natural disaster losses.

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.

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.

Adaptation Work:

The world’s climate is changing. An increase in the severity and frequency of extreme weather is impacting daily life for the global community. Mounting evidence from the scientific community makes it increasingly clear that climate change is having a significant effect on the world’s social and economic risks. The scientific evidence also strongly indicates that human behavior contributes to global warming.

With a fundamental role in assisting individuals and businesses to manage risk, it is prudent for the insurance industry to acknowledge the changing climate as well as the risks it poses to all areas of its business. Furthermore, policymaking and corporate risk management strategies should include consideration of measures for adaptation to, and mitigation of, the potential adverse impacts of climate change.

  • The RAA will work to identify ways in which the insurance sector can meaningfully utilize its risk management expertise to assist society in tackling the impacts of climate change.
  • The RAA encourages efforts to mitigate human induced greenhouse gases and to adapt to climate change through risk reduction initiatives.
  • The RAA will also encourage each of its members to assess the impact of their business operations, to analyze their contribution to climate change and to evaluate emissions reductions measures.
Phone Number: 202.638.3690
Organization Website:


Sector Addressed