Reinsurance riddle I am something, I carry the highest ceding commission among all the reinsurance covers and I allow insurance companies to enter new markets or lines of business by reducing their exposure in the event of a loss. What am I? Let us know who will get this question correctly in the comments section. #insurance #reinsurance #riddle #business
Quota share
Quota share treaty
Hmmm what can this be?
I will be learning from people in the comment section
You are a vibrant insurance marketer/ia
Sounds good
Quota share treaty
Quota share reinsurance
Innovative Insurance Strategist | Wintrado Academy - Swiss Education | Client Relationships | Sales | Finance - Best Staff, Stanbic IBTC Asset Mgt Ltd (2011) - Runner-up Best Staff, Stanbic IBTC Pension Mgrs Ltd (2014)
2moYou are a Quota Share Reinsurance. In a quota share reinsurance arrangement, the reinsurer agrees to take on a fixed percentage of all risks underwritten by the insurer, and in return, they receive a proportional share of the premiums. This type of reinsurance provides a high ceding commission and enables insurance companies to expand into new markets or lines of business by sharing the risk of losses. An example of this (since I work with Leadway Assurance) is Education Target plans.