REINSURANCE MECHANISM

Greetings Insurance from Jonny JinnyHi blogger , met again with jonny Jinny today . The weather was very overcast day soon may be raining, but that does not mean we stop to fill up this blog .

On this occasion , we will discuss about Reinsurance . Reinsurance what the heck it was , what it was , this time we will describe in detail reinsurance , which is an integral part of the insurance .Reinsurance is the insurance mechanism is done in stages over an insurance object . That is the risk of the spread of insurance companies is done through the transfer of
risk to reinsurers .Terms Reinsurance Support

1. Insurance companies must obtain reinsurance for any auto insurance at any branch of the insurance market.
2. Support automatic reinsurance obtained with the following conditions :   for the Insurance Company , obtained from at least one (1) Reinsurance Company and one (1) other Insurance Company in the country ;  for Life Insurance Company , obtained from at least one (1) Reinsurance Company in the country .
3. Automatic reinsurance from overseas reinsurer for the Insurance Company , can only be done if the company concerned has first obtaining automatic reinsurance in the country .
4. Support automatic reinsurance does not apply in the case of no reinsurance companies that provide reinsurance support to the auto insurance products are marketed , either individually or jointly
5. Facultative reinsurance support can only be done in terms of automatic reinsurance support is insufficient or the types of risks that are closed are not included in the automatic reinsurance support .

That's it for this discussion , because the rain had stopped , so jonny Jinny had to go home . See you again in the next discussion .
GREETINGS INSURANCE FROM JONNY JINNY 
- MECHANISM REINSURANCE- ANTI- SELECTION- BASIC PRINCIPLES OF INSURANCE- LOSS MUST BE LIMITED- LOSS RATIO MUST PREDICTABLE