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  • UNI Consulting

What is Reinsurance

Reinsurance is insurance of insurance. Reinsurance is a contract that reinsurance companies indemnifies a primary insurer for losses paid under a primary insurer's policies. Reinsurers assumes risk from primary company.

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Predictive Modeling in insurance industry

Claims Forecasting - insurers can use predictive modeling to forecast the number of claims, cause of loss and severity of claims. Fraud Detection - insures can use predictive models identify patterns

ROL

ROL is a term used to express the cost of reinsurance coverage as the percentage of the limit of coverage. ROL stands for "Rate on Line". It is a way to standardize the cost of reinsurance so it can b

Facultative Reinsurance

A form of reinsurance that provides coverage for an individual or a group of risks. The reinsurance company has the right to accept or deny a facultative reinsurance offer, which is made on a case-by-

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