FBC Reinsurance provides risk transfer solutions to insurers in Africa and beyond. Our major role is to provide underwriting capacity to allow the insurance company to assume greater individual risks than its size would otherwise allow, protect the insurer’s (i.e. cedant’s) balance sheet against catastrophic losses and larger than predicted accumulation of claims, management advise, risk management, and financial management.
Non-proportional reinsurance
Non-proportional reinsurance means there is no direct sharing of risk. The reinsurer is obligated only after the cedent’s loss payments exceed a predetermined amount, called the priority, after which the reinsurer will pay up to a stated limit of liability. The common forms of non-proportional reinsurance are excess of loss treaty, catastrophe cover, aggregate excess, stop loss cover and some forms of facultative reinsurance.
