practice of reinsurance

Importance of Reinsurance Industry

Main reason for the practice of reinsurance that it enables a risk to be scattered over a much wider area and the principle of insurance is taken well care of.

How Reinsurance Business done in Insurance

How the Reinsurance Business is done in Insurance

Reinsurance indicates to the process where the original insurer accepted the risk from the original insured gets the risk covered with another insurer or re-insurer for the same reason the original insured got protection for.