Treaty reinsurance is reinsurance of specified types or classes of insured exposures that are automatically "ceded" and "accepted" within the terms of the reinsurance contract, called a treaty, without evaluation of each individual exposure. The reinsurance takes effect as soon as the primary insurance is in force.
Quota Share treaty arrangement are generally not practiced in the Indian market except the obligatory cession where every Insurance Company is expected to cede 10% of each and every risk to GIC which is the national reinsurer.
Surplus and Excess of Loss Treaties are common forms of risk / loss transfer adopted by Indian companies and placed in the International market.
Global specializes in providing effective and economic solutions for our clients. We have proven expertise in arranging reinsurance for new portfolios that our clients intend to develop. Simultaneously we pride ourselves in being able to offer the best advices to our clients to improve the efficiency of their existing reinsurance arrangements.
Increasing competition and the constantly changing world dynamics require reinsurance arrangements that can stand the test of time. Global has dedicated relationships with clients for a number of years, more than a decade in some cases, and have been able to assist our clients in developing their business activity.