jälleenvakuutus
Jälleenvakuutus, often translated as reinsurance, is a mechanism by which insurance companies transfer a portion of their risks to other insurance companies. This process is primarily used by primary insurers to protect themselves against large losses, increase their underwriting capacity, and stabilize their earnings. By ceding a portion of their risk, primary insurers can take on larger or more complex policies than they might otherwise be able to handle on their own.
There are several types of reinsurance agreements. Treaty reinsurance involves the reinsurer agreeing to accept a
Reinsurance plays a crucial role in the stability of the insurance industry. It allows insurers to spread