Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

An insurance company arrange a Quota share treaty with total capacity 10,000,000 ( ten million ) of which 30% (thirty percent) retention,70% (seventy?

percent) quota share . How will the insurance company place a insurance policy with total sum insured,, ( fifteen million ) taken into account the above mentioned reinsurance facility plus facultative reinsurance plcing

user-image
Question added by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company
Date Posted: 2018/12/10
Mamoun elbaghir abdalla mhamad Eltayeb
by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

 Insurance company retention =3,,

Quota share treaty reinsurer's share =7,,

                                                         ..................

  Total capacity of quota share treaty=,,                                                               ...................

  The surplus of5,, beyond the treaty limit is faculatively placed .

Therefor the insurance company enable to cover % sum insured by way of  both treaty and facultative reinsurance placing . 

 Thanking you.

Wish you Happy New Year .

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.