Reinsurance is a form of insurance contract that protects insurance companies from risks relating to the policies they underwrite. Reinsurance firms contract with insurers to cover all or part of the cost of certain policies in exchange for a cash payment or a share of the premiums reinsured. Because liabilities assumed by the reinsurer no longer count against the primary insurer own underwriting capacity, reinsurance allows primary insurers to expand the volume of policies they can underwrite. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
Facts
FAQs
What are the main types of reinsurance?
Facultative reinsurance covers individual risks and treaty reinsurance covers broad categories of policies.
Investopedia describes two main types of reinsurance. Facultative reinsurance covers specific individual risks, while treaty reinsurance covers broad categories of policies. In either case the primary insurer, also called the cedent, passes part of its liability to the reinsurer.
Connections
Companies In Industry
Source Wikipedia: Kenya Reinsurance Corporation
Source Wikipedia, SCOR SE
In Sector
Additional Source Wikipedia: Global Industry Classification StandardGICS: Reinsurance
Sources
1. Wikipedia, Reinsurance
lead sectionQuote, lead section
Reinsurance is a form of insurance contract which protects insurance firms from risks relating to the policies they underwrite.
Wikipedia: Kenya Reinsurance Corporation
WikipediaCompanies In Industry: Kenya Reinsurance Corporation, Infobox: industryQuote, Companies In Industry: Kenya Reinsurance Corporation, Infobox: industry
Reinsurance, Insurance
Wikipedia, SCOR SE
WikipediaCompanies In Industry: SCOR SE, LeadQuote, Companies In Industry: SCOR SE, Lead
SCOR SE is a French tier 1 reinsurance company providing Property and Casualty (P&C) and Life reinsurance.
Wikipedia: Global Industry Classification Standard
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