Sky Reinsurance Professional Team

SKY REINSURANCE COMPANY Our Journey In 2018, we were licensed as a Reinsurance Broker placing risk in Africa and International markets Our Value In house, treaty and facultative placements and claims recovery, We provide a variety of specialized products Market We work with A rated markets and securities all over…
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Reinsurance Claims Processes, Continuation

Why is timely reporting so important to reinsurers?Here are some basic reasons why reinsurers insist on timely reporting:i. FINANCIAL INFORMATION: The Reinsurer must reserve their exposures just like the Cedant, project payment of future settlements and promptly pay billings.ii. PRICING: The Reinsurer will need to know both the frequency and…
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Reinsurance Claims Processes

The term reinsurance recoverable refers to the portion of an insurance company’s losses from claims that can be recovered from reinsurance companies Understanding Reinsurance Recoverables. Insurance companies primarily make money from their underwriting activities. When an insurer underwrites a new policy, it collects premiums from policyholders. But it also takes…
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HOW TO BUILD STRONG AND SUSTAINABLE BRANDS

” It’s important to build a personal brand because it’s the only thing you’re going to have. Your reputation online, and in the new business world is pretty much the game, so you’ve got to be a good person. You can’t hide anything, and more importantly, you’ve got to be…
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Evolving role of a Reinsurance Broker

The reinsurance broker key function it is to bridge the reinsurance needs of the reinsured and reinsurer to secure reinsurance terms agreeable to both parties. The reinsurance broker  often will assist the reinsured in planning and developing its reinsurance program, put together the reinsurance proposal (called the placing information) and…
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REINSURANCE CLAIMS DURING COVID-19

Reinsurance is the practice whereby insurers/captives transfer portions of their risk portfolios to other parties (reinsurance markets, capital markets) by some form of agreement and share losses from an insurance claim as per policy terms and conditions with such parties. These transfer is through reinsurance agreements, captive arrangements (https://www.artemis) and…
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INSURANCE SECTOR RESPONSE IN COVID-19  

The COVID-19 pandemic has amplified the importance of the insurance sector’s role in development and in the economic resilience of businesses and individuals. As of 14th may 2020, the entire Africa was spread with the virus and almost the entire global population is in the lock down. Lockdown restrictions across the world…
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CYBER RISKS AND REINSURANCE

Cyber risk is a top concern for reinsurers, according to a new report from PwC. PwC’s new analysis ranks as the most serious concern for the reinsurance space. Cyber risk topped the list, followed by worries that the industry is unprepared for weather changes. The rankings are a departure from…
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