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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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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