Chilmeran Insurance Management Consultancy offers its expertise and experience in the reinsurance area backed up by a long recognized successful history in reinsurance. It serves the needs of both the insurance as well as the reinsurance companies by looking at specific objectives and working towards its successful achievement.
Arranging a reinsurance structure and program is a crucial aspect of risk management for any insurance company. Reinsurance helps insurers mitigate their exposure to large losses, maintain solvency, and achieve more stable financial results.
Backed up by more than 30 years of experience in setting up the proper reinsurance structure and placement, we can assist companies by studying their insurance portfolio and arrange the right setup including:
- The right structure based on the company’s risk appetite and tolerance.
- Arranging the reinsurance capacity based on the risk profile, exposure, and desired retention in line with the available reinsurance capacity.
- Suggesting the appropriate retention based on historical experience, considering the severity and frequency of potential losses.
- Considering the targeted financial strength of reinsurers and credit worthiness of potential reinsurers.
- Structuring the program considering values of Treaty vs. Facultative Reinsurance and deciding on the mix of treaty and facultative reinsurance.
- Structuring the program based on the reinsurance costs by evaluating the cost of reinsurance and ensuring it aligns with the company’s budget and financial objectives. Balancing cost-effectiveness with risk transfer is crucial.
- Assisting in setting the Contract Terms and Conditions by clearly defining the terms and conditions of reinsurance contracts, to ensure that contracts are transparent and reflecting the agreement by all parties.
