Reinsurance Types: Treaty and Facultative
Treaty reinsurance
Seamless coverage for your entire portfolio; sometimes called portfolio reinsurance.
What it is:
Reinsurance for all your accounts for a set period of time.
Benefits:
- Distributed-risk pricing and high attachment
- Maximizes underwriting authority
- Collaborative working relationship
- High-profitability and less underwriting referral work
- Eligible for all available ceding arrangements
Facultative reinsurance
Coverage on a risk-by-risk basis, sometimes called transactional reinsurance.
What it is:
Reinsurance for a single account.
Benefits:
- Fast implementation—it takes as little 24 hours to quote most risks
- Options for automatic renewal
- Eligible for all available ceding arrangements
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