Facultative Reinsurance
Facultative Reinsurance
Installed Capacity Per Risk
Facultative reinsurance is the transfer of all or part of a risk to the reinsurer specific to that risk, outside of contractual agreements. It comes into play when there is a single high-priced facility, an unusual activity, or a risk for which the local market has no appetite.
We prepare the technical file of the risk, present it to the international reinsurance markets and compare the quotes on the basis of price, coverage and reinsurer reliability. After placement, we also handle the slip, certificate and damage notification flow.
- Risk-based (facultative) capacity provision
- Direct negotiation with international reinsurers
The decisive factor in facultative placement is not the price, but the correct explanation of the risk.
Scope
Scope of Service
The only risk with a high price
Risk-specific capacity provision for facilities, projects and assets that exceed local capacity.
Non-capacity and special risks
Searching for alternative solutions in areas of activity for which the local market has no appetite.
Technical file and market presentation
Preparation of risk information in a language that the reinsurer can understand, complete and comparable.
Reinsurer reliability analysis
Reinsurer selection based on rating and past payment performance.
Contract and terms compliance
Checking line by line whether the main policy and reinsurance conditions match exactly.
Damage notification and collection
Reinsurer notification in case of damage and end-to-end tracking of the compensation flow.
Key Risks
What We Watch in This Area
Terms Incompatibility
If the main policy and the reinsurance condition do not coincide, the damage remains unreimbursed on the reinsurance side.
Capacity Contraction
The market contracts periodically; Leaving early before renewal is decisive.
Missing Risk Information
A poorly explained risk may increase the quotation or make placement impossible altogether.
How is it determined?
Data Shaping Capacity Search
- Total cost of risk and possible maximum loss (PML) calculation
- Where the insurance company's treaty capacity ends
- Technical file of the facility: structure class, protection systems, field report
- Risk appetite of the business line in the international market
- General and special conditions of the main policy
- Reinsurer's rating and past payment performance
How We Work
Facultative Placement in Four Steps
Risk File
We collect technical information, damage history and field data in a single file.
Market Launch
We simultaneously submit the file to risk-appropriate reinsurers.
Quotation and Negotiation
We evaluate price, scope and reliability together and negotiate the terms.
Placement and Tracking
We issue the slip and certificate and manage the damage notification flow.
FAQ
Frequently Asked Questions
Treaty reinsurance covers an entire portfolio with predetermined rules. Facultative reinsurance is established separately for a single risk, with conditions specific to that risk; The reinsurer evaluates the risk individually and is free to accept or reject it.
It depends on the complexity of the risk and the completeness of the file. While a few working days will be sufficient for a file with complete technical information, the process may take several weeks for special risks.
The claim often comes from the insurance company; He must transfer the part that exceeds his capacity. We carry out the process by taking into account the interests of the insured, and we check that the reinsurance conditions coincide with the main policy.
Yes. For high-cost risks, capacity is often shared among several reinsurers; The share and conditions of each are shown separately in the slip. We ensure the coordination between them in case of damage.
Do You Have a Need in This Area?
Let's assess your risk together and build the coverage structure around your needs.