Select all of the following statements that accurately describe reinsurance:

a)Reinsurance can increase an insurer's capacity.

b)Only large insurance companies are able to purchase reinsurance.

c)Reinsurance reduces transaction costs for both buyer and seller.

d)Enable an insurer to protect itself from catastrophic losses

e)Reinsurance increases the likelihood that the original insurer will be able to pay its claims.

f)Reinsurance reduces competition in the insurance industry

g)Reinsurance increases the financial stability of insurers.

h)Reinsurance is not regulated.