Quality reinsurance services tailored for you
Nairobi Re provides various reinsurance treaties for its services in both Life and General insurance. We provide specialized expertise and advise in all of our products gained from our knowledge of the industry and years of experience in the market to ensure our clients get quality service. Our core products are:
Quota Share
This is a proportional reinsurance contract where the ceding company is binds itself to retain a pre-agreed proportion of percentage of all the business it underwrites up to an agreed upper limit. This contract is a method of protecting the company's paid up capital which is exposed from day one of its operations as it accepts business that may not be necessarily commensurate to its cash flow position to protect you as the insurer.
Surplus Treaty
In this contract, the cedant reinsures only those amounts surplus over its retention i.e., if the sum insured under a policy is within the net retention of the company, there will be no cession to surplus treaty. This agreement binds the ceding company to cede and the reinsurer is bound to accept the risks with sums insured over and above the ceding company's retention. This allows you as the insurer to handle larger risks by retaining more premiums.
Working Excess of Loss
In this treaty, the reinsurer agrees to cover all the insurer's losses up to an agreed limit. This helps protect you as the insurer from unlimited liability and increases your capacity to handle more businesses.
Catastrophe Excess of Loss
This is a non proportional treaty that covers the reinsurer's retention against natural catastrophes i.e., accumulations resulting from numerous losses caused by the same event such as earthquakes or floods.
Stop Loss
This is a type of non-proportional reinsurance just like excess of loss that is designed to protect you as the ceding company from bad results. This could be when the total amount of claims incurred during a specific period exceeds either a loss ratio or an amount beyond a specified limit and therefore the losses are covered by the reinsurer. This protects you as the insurer from going under. The high amount of risk and demand stop loss presents to the reinsurer makes this treaty expensive. However, our relations with reinsurers allows us to negotiate the best deals for you to keep you covered.
Fronting Reinsurance
This treaty cedes or transfers all the risk from the ceding company to the reinsurer. The ceding company is the fronting company that underwrites the initial policy and transfers the risk to the reinsurer while retaining a portion of the premium.