Every opportunity is also a risk. Our duty and responsibility for our business partners are to create the advantage out of risk and help them to succeed even in situations which could be very hard to achieve. Transforming the “risk” from being a responsibility to “an advantage” is our priority.
We help our customers to see risk as an indispensable piece of their strategies. Thuswise, based on total risk cost approach, we can provide our customers with realizing services including Risk Assessment, Evaluation, Rating, Prioritization, Risk Development and Finance.
Who is an Insurance Broker?
Brokers are the representatives of their customers. They are responsible for obtaining policy offers that their customers need from at least 3 different insurance companies. While their customers give their decision on the policies, the insurance broker gives consulting in order to help them to make the best decision.
Reassurance is a form of insurance cover for insurance companies. It is the process for reinsuring one part or whole of the already insured risk. Insurance companies reinsure in order not to have difficulty in claim payments in case they coincide with substantial damages in secured risks. Reinsurance enables insurance companies to ensure the risks they are unable to do so financially, in other meaning, risks that they cannot undertake by their own in terms of their capitals, reserves and net assets.
The Reasons for Reinsurance Need
• Spread of the risk
• Increase in the job acceptance capacity of insurer
• Increase in the job acceptance flexibility of insurer
• Support for the Financial structure of insurance company
• The control of natural disaster damages caused by extra cumulation technical information transforms from reassurer to insurer.