Uudelleenvakuutuksen

Uudelleenvakuutus, also known as reinsurance, is a practice where insurance companies transfer a portion of their own risk to another insurance company. This is done to reduce the exposure to large losses, stabilize earnings, and increase underwriting capacity. Essentially, the primary insurer buys insurance for itself, protecting it from claims that exceed a certain threshold.

There are two main types of reinsurance: treaty reinsurance and facultative reinsurance. Treaty reinsurance is a contract where the reinsurer agrees to accept a defined share of all risks that fall within a specified class of business for a set period. Facultative reinsurance, on the other hand, is negotiated on a case-by-case basis for individual risks.

Reinsurance is a critical component of the global insurance industry, enabling insurers to underwrite policies for risks that might otherwise be too large or too volatile to handle on their own. It plays a significant role in disaster recovery, allowing insurers to pay out claims after major events like hurricanes or earthquakes by leveraging the financial capacity of reinsurers. The practice helps maintain the solvency and stability of the insurance market.