Hi all, welcome back to my blog, now i want to share the Top Security Guarantee Reinsurance & Methods In Reinsurance Agreement, please read carefully and understand.
1. Top Security Guarantee Reinsurance
Reinsurance collateral security should be observed continuously because it could undergo changes. It could have been a possibility that within a few years earlier they belong to a group of security was good, but for some reason or another turned out to be among them had suffered a setback that is not considered to be able to provide a secure reinsurance protection.
If the reinsurance agreement entered into with the first insurer directly or through reinsurance brokers, the reinsurer always make an assessment of both the reinsurance programs offered or to the circumstances, the reputation, the position of the first insurer in the market, in terms of technical and non-technical.
2. Methods In Reinsurance Agreement
1. Method facultative reinsurance
Method facultative reinsurance is reinsurance transactions between parties penaggung first and the reinsurer freely, that the parties are not bound reinsurer must accept reinsurance deals. In other words, the re penaggung may reject or mmenerima deals reinsurance acceptances based on policies they have set.
Based on the method's facultative reinsurance, the re penaggung can perform risk selection conformed to the underwriting policy has been outlined. This is understandable given the level of risk of shared objects or interests of the insured is different. In practice has been known that there are three levels of risk, are classified as low-risk objects / simple (simple risk), risk of dangerous objects (hazardous risks), and the risk is very dangerous objects (extra hazardous risks).
2. The method of reinsurance contracts (treaty)
Is the method reinsurance contract is an agreement between the parties penangung first and another insurer or the pengnggung the professionals in the agreement the parties penaggung first, hereinafter called grantor session or ceding company, agreed to part (share) and the penaggung birthday, hereinafter referred to as the second party, agreed and obliged to accept part or sessions of responsibility for insurance that has been closed by penggung first in accordance with the division agreed upon by each reinsurer (participants treaty) up to the limits of liability / ultimate responsibility of each class of risk based on the statements and the provisions specified in the reinsurance contract.
3. Methods and facultative obligatory reinsurance pool
a. Methods reinsurance pool
The intent and purpose of forming a pool in the usual cooperation is based on a wide range of the intended target. Goals and objectives of the establishment of a system of cooperation pool is most important is to solve various problems melalaui mutually beneficial cooperation and mutual help among members pool in realizing the spread of risk, such as by doing business exchange.
Understanding cooperation pool now more famous the term second consortium despite the application of the term depends on its purpose. The consortium has specific goals and objectives, only to overcome difficulties handling or management of objects that are at high risk with the amount of coverage may not be handled by one person or to address risks in a large complex (especially market).
Methods of cooperation pool in the reinsurance contract premises known foreign term reciprocal pool. Method of cooperation is not only carried out between the members of the insurance company in the country, but can also be extended between the regions of neighboring countries. Thus a very useful way of fatherly overcome limited national capacity of each country concerned so not much dependent on one particular market that also have limited capacity or capacity.
b. Facultative Obligatory
The type of insurance coverage as this was in fact a way of placement of reinsurance is a contract although it still includes the word "facultative". With the word "mandatory" (obligatory) the insurer was obliged to accept all the advantages tangtgung defendants who are not accommodated in reinsurance contracts up to a predetermined limit. In this way the first party insurer no longer have reinsurance deals one by one because it automatically has obtained sufficient guarantees and should not feel anxious, like facing the risk of rejection if they do penaaran placement of facultative reinsurance usual. In this way the first penaggung can also work more efficiently and effectively because it can save a lot of cost, time, and effort than to do deals one by one.
In practice, the reinsurer will be limited to the specific risks to the requirements premiums immediately or as soon as possible within the time specified, will provide lower reinsurance commissions or commissions sataraf with facultative usual, and without the benefit of the commission.
Finish, okay thanks you for reading my articles now "Top Security Guarantee Reinsurance & Methods In Reinsurance Agreement" hope you are satisfied and happy reading.
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