Claims Management
Our claims department works closely with clients to evaluate, process and collect reinsurance claims in a timely and efficient manner and also create flexible solutions to claims-related matters.
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Co-ordination of Reinsurance Coverage
First Re has a special monitoring system that ensures that your Reinsurance portfolio with us is excellently maintained. Prior to expiry of your facultative risks, First Re will send you a reminder to ensure that your facultative risks are renewed in time.
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Facultative Reinsurance Broking
First Re also facilitates placement of facultative risks. This process is considered useful in managing exposures exceeding the per-risk capacity provided in the original treaty arrangement or otherwise reduces the overall efficiency of treaties in terms of pricing, structure and market.
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Fronting of Reinsurance Cover
Where clients have no reinsurance facilities for particular risks, First Re will facilitate reinsurance placement for such special risks on your behalf.
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Portfolio Administration & Management
First Re will not only facilitate designing and placement of your treaty programmes but will further service your accounts.We ensure that your treaty accounts are processed accurately with immediate confirmations to you and the re-insurers.
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Risk Management & Capacity Consultancy
Risk Management is an area of great challenge to the insurance and reinsurance sector. Inefficient Risk Management skills in the insurance and reinsurance sector have lead to extreme exposure to investors’ capital in this sector.
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Treaty Reinsurance Broking
First Re designs and develops Treaty reinsurance programmes for both Life and General Reinsurance business which sufficiently address our clients’ reinsurance security, underwriting ability and capital management needs on a portfolio level.
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Retakaful
In line with the general Takaful and Retakaful standards we seek reinsurance treaties for Takaful operators on both wakala and mudharabah models.
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