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WHY DO WE NEED REINSURANCE

WHY DO WE NEED REINSURANCE. General VS Life. General Insurance. Life Insurance. Compensation Agreed Value Long Term Investment Return Relatively fixed pricing. Indemnity Reinstatement Value Annual Basis No Return Flexible pricing. TYPES OF INSURANCE. Tariff. Property

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WHY DO WE NEED REINSURANCE

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  1. WHY DO WE NEED REINSURANCE

  2. General VS Life General Insurance Life Insurance Compensation Agreed Value Long Term Investment Return Relatively fixed pricing • Indemnity • Reinstatement Value • Annual Basis • No Return • Flexible pricing

  3. TYPES OF INSURANCE Tariff • Property • Engineering • Motor • Marine • Miscellaneous • Employee Benefits • Casualty • Liability Tariff

  4. What is Reinsurance

  5. Why Do We Need Reinsurance Scenario 1 : Large Loss

  6. Why Do We Need Reinsurance Scenario 2 : Catastrophic Losses

  7. Reinsurers S & P Ratings

  8. Types of Reinsurance Facultative Arrangement Optional upon both the insurer and reinsurer Reinsurance of a Single Risk Large Sum Insured Risk, High Hazards Risk individually assessed by Reinsurer Terms individually negotiated by Reinsurer Proportionate & Non Proportionate

  9. Types of Reinsurance Treaty Arrangement Agreements between insurer & reinsurer Reinsurance of all the Risks accepted Non Optional, No Advance Notice Risk assessed by the Insurer Terms decided by the Insurer Proportionate : Quota Share, Surplus Non Proportionate : XOL

  10. Thank You

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