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According to Article 271 Commercial code , reinsurance is insurance from insurers / insurance insurance . The transaction is a reinsurance agreement made between two parties called the grantor session ( ceding company) and reinsurer ( the reinsurer ) ; giver session and agreed to submit the reinsurer agreed to take the risks that have been determined by the requirements set forth in the agreement .
The purpose of reinsurance in terms of several aspects are as follows :
- Technical aspects aimed at reducing the burden of risk acceptable to transfer all / most of the risk to the insurer .
- Legal aspects aims to shift part / whole risk of the insurer / reinsurer to the insurer first .
In reinsurance , there are three ways of cooperation between the insurer first (direct insurers ) and the reinsurer ( reinsurers ) , namely :
- Facultative . Method of facultative reinsurance is reinsurance transaction between the insurer and the reinsurer 's first freely . The insurer re- tidal ( bound receive offers reinsurance or the
reinsurer may reject / accept offers based reinsurance acceptances they have set .
- The contract (treaty ) . The method is peijanjian reinsurance contract between the insurer and the insurer other first / third professional reinsurer . In the agreement the parties agreed to ceding company and the reinsurer part agrees and shall accept part and responsibility for insurance that has been closed by the first person .
- Reinsurance pool ( consortium ) and facultative obligatory . The system aims to forge a working pool in the pool , based on a variety of targets to address the problem through mutually beneficial cooperation in the deployment risk .
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