Reinsurance

What is reinsurance

Reinsurance allows insurers to remain solvent by recovering some or all of the amounts paid to claimants. Reinsurance reduces net liability for individual risks and provides protection against catastrophes involving large or multiple losses. Thus, insurance company clients have greater assurance that their risk will be quality insured.

How does reinsurance work

Due to reinsurance, the insurer increases its own stability and solvency by increasing the limits of the financial load it can bear in case of occurrence of non-standard major events. The reinsurer covers the insurer's accumulated liabilities, thus enabling it to cover a greater number or volume of risks in compliance with all regulations.

Types of reinsurance

We provide both types of reinsurance:

- Facultative reinsurance relates to one or more treaties and is concluded individually for each treaty.

- Reinsurance treaty is concluded for a certain period of time and relates to the whole or part of the insurer's liabilities.