The effectiveness of any reinsurance programme is dependent on the accurate and proper implementation of the programme. Most often, insurers and reinsurers purchase the best possible reinsurance programme but still fail to see the benefits because of various reasons which include the following:
Wrong cessions done at policy level when processing transactions.
Claims recoveries not done correctly according the reinsurance cessions.
Failure to apportion insurance reserves according to the reinsurance structure.
Late notification to reinsurers leading to claim rejection.
Late recoveries of reinsurance claims leading to loss of revenue and liquidity strain.
Wrong transaction processing leads to production of wrong treaty statistics and ultimately, an expensive programme which is not costs effective
We have access to international, regional and domestic reinsurance markets to place risks. We provide relevant expert solutions to our local regional and international partners through facultative treaty and retrocession reinsurance arrangements
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