Treaty Reinsurance Broking
This is a type of prenegotiated reinsurance agreement, usually between the insurance firm and their reinsurer, in which the insurance firm agrees to cede all risks falling within an agreed upon class or classes of insurance to their reinsurer. In return, the reinsurance firm involved grants reinsurance on all the risks ceded to it. Also, this happens without individual underwriting. The process of "underwriting" usually takes place during "treaty reinsurance" negotiation and eliminates it during cession.
Treaty reinsurance is essential to providing a blanket to cover your reinsurance firm in predefined, negoatiable types of reinsurance. At Nairobi Reinsurance Brokers, we make it our business to negotiate the best treaty reinsurance deals for your insurance firm.