Reinsurance can be divided into two main types:-
Facultative: the individual reinsurance of large or hazardous single risks.
Treaty: a contract that automatically accepts a large number of similar risks.
These types can be further divided into two basic methods (Proportional and Nonproportional), in which these methods are subdivided again into various forms as shown
above.
We introduce the main types of reinsurance indicating the fundamental features, usage,
advantages and disadvantages of each.
Негізгі бет Different types of reinsurance
Пікірлер