Reinsurance

We are equipped to place your business through reinsurance driven solutions.

What We Offer

Key Features for
your Business

With our analytical and on ground broking expertise, we are able to execute comprehensive reinsurance solutions that achieve broad coverage and competitive prices for our clients. We provide comprehensive solutions across all lines of business encompassing Proportional and Non-Proportional Reinsurance.

We work with our clients both directly and through intermediaries to develop new ideas and formulate new products. Our reinsurance services are tailored to meet the specific needs of each client. We continuously strive to innovate and enhance our reinsurance services to ensure optimal risk management and financial stability.

Facultative Reinsurance

Our rapid, proactive and client-focused approach allows us to design and place tailor-made reinsurance for all our clients successfully. Our associates and structured relationships in global reinsurance markets helps us to complete our placements well in time.

We keep our eyes on the market trends with the aim of providing market competitive and comprehensive solutions. 

Treaty Reinsurance

Our international nature allows us to provide our clients with flexible treaty programs, structured and priced to align client’s challenges and goals which include premium growth and return on capital. Our global experience allows us to provide valuable differentiated strategies that adapt to the needs of the clients. The quality assurance commitment is highly implemented to provide maximum quality service and support for every activity.

First Policy’s Facultative Reinsurance team specializes in following:

Health

Liabilities

Terrorism

Upstream / downstream Energy

Marine Cargo & Construction

Property & Engineering

Benefits of Reinsurance

01.

Risk Management

Reinsurance spreads the risk of large claims, providing stability and consistent coverage.

02.

Custom Solutions

Tailored reinsurance agreements provide specific protection for your unique needs

03.

Cost Control

By capping potential losses, reinsurance helps manage and predict insurance costs.

04.

Increased Capacity

Allows insurers to underwrite riskier policies, offering broader coverage options for your business.

05.

Strategic Advantage

Enables innovative coverage options protecting your operations.

Our Strengths

Ethical Dealings

Recognized as one of the most reliable insurance brokers in the nation.

Global Presence

Proud member of the Unison Steadfast Brokers network, with a worldwide reach.

Customer Delight

Ensuring customer satisfaction remains our top priority.

Handling Large Risks

Expertise in managing large Indian multinational corporations, many of which are global industry leaders.

Advanced IT System

High investment in IT and ongoing innovation guarantee top-tier services for our clients.

Expert Core Team

Our core team consists of specialists in insurance, finance, law, and engineering.

Global Services Capability

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Our Other Services

Claims

Reinsurance

Marine Insurance

Risk Management

Property Insurance

Liability & Credit Insurance

Employee
Benefits

Engineering & Misc. Insurance

Industries we serve

FAQs

Reinsurance is the process whereby an insurance organization that is known as the ceding company sells some of its risks to another insurance firm known as the reinsurers. This process is also useful in helping the ceding company reduce the risk and trying to ensure that it’s solvent. Reinsurance services include all types of reinsurance having been defined as a contractual arrangement where an insurance company transfers some of its risks to another insurance company, known as the reinsurer; facultative reinsurance being those that are arranged on individual risk basis.

Insurance companies mainly require general reinsurance to adjust their portfolio mix and mitigate their exposure to huge risks. Assuming that their average lifetime is more than 20 years, it enables them to underwrite more policies since there is a low risk that they will pay out more than their financial muscle can handle. One form of reinsurance bought for a single risk or a certain combination of risks is called facultative reinsurance, which enables insurers to have combined relief regarding extraordinarily valuable risk..

Insurance is a common market product which is basically a form of risk management through which individuals or companies transfer the risk of loss to a particular event to an insurer for a price. Whereas reinsurance is insurance that is bought by insurers to trade or offset their own probability of loss. Reinsurance ensures that an insurance company reduces the effects of volatile large claims through transferring them to other reinsurers hence ensuring that it’s financially secure.

In reinsurance, there is an agreement between the ceding insurance company and the reinsurer whereby the ceding company pays a certain amount of premium to the reinsurer in return the reinsurer undertakes to bear losses in excess of a predetermined amount. It might be facultative reinsurance which involves reinsurance of individual risks and treaty reinsurance in which a number of policies are reinsured under a single agreement. These reinsurance services help the insurance companies to manage risks, balance the loss ratio and shield against the potentially severe mishaps.