Wednesday 21 March 2012

Part I: How Insurance Company in the U.S Choose A Reinsurance Company

The factors which affects the insurance companies in the United States for choosing the reinsurance companies are as follow:

- The reinsurance is financially secure
- Trustworthy
- Easy to work with
- Open to negotiation
- Consistency of underwriting decisions
- Competitive Price
- Always give choices
- Good grades according to the Rating Agencies
- Providing genuine concern
- There's collateral claims settlement
- Authority underwriter
- Underwriters are easily to be contacted
- Consistency prices
- Speed ​​in the handling of documents
- Low interaction cost
- Superior in business Casualty
- Have programs that are creative and innovative
- It has a large capacity for business Casualty
- Have the capacity to provide Integrated Products
- Having a good quality of claims settlement
- Having a skilled and flexible staff
- It has a large capacity to the Property Catastrophe
- Having the ability facultative high
- Having the ability to do all the courses
- Providing solutions that are not public
- It has a capacity of multi-line
- Can provide a turn-key products
- It has the capability of modeling
- It has a high capacity for business property
- Having a reliable actuarial
- Respected by brokers
- It has a large capacity for business property
- Having actuarial data well
- It has the ability of dynamic financial analysis

More details are to be updated on to the next post.