Reinsurance

What is cyber Risk? According to the Institute of risk management (IRM), ‘Cyber risk’ means any risk of financial loss, disruption or damage to the reputation of an organization from some sort of failure of its information technology systems.  All types of organizations regardless of size are at risk of…

Unlike In proportional Reinsurance arrangements where in exchange for a fixed share of liabilities, the reinsurers receive an equivalent share of original premiums written by the insurer, Non-Proportional Reinsurers charge a premium at the beginning of the reinsurance period to cover for claim costs, acquisition, and administration expenses for the…

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…

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…

Join us this this Saturday ,25th/July/2020 For more details contact Musiima Ronah on 0776818108 / 0702485025

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…

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…