Please find below a list of frequently asked questions about reinsurance and about our company. The answers provided to these queries are for general informational purposes only and do not constitute legal advice for a particular question or concern.
- What is reinsurance?
Reinsurance is basically an insurance for insurance companies. With reinsurance, the insurers pass on part of their own insurance liabilities to reinsurance companies in order to limit their risks and protect themselves against financial ruin.
- What is the difference between insurance and reinsurance?
Insurance and reinsurance are terms used to define financial protection either to an individual or to a company against the risk. While insurance protects individuals from financial loss, reinsurance protects the insurance company from financial loss.
- What products does PRIME RE LTD offer?
PRIME RE LTD provides treaty and facultative reinsurance policies for life and non-life insurance business. We provide specialized reinsurance underwriting, claims management services, and training to our clients.
- Does PRIME RE LTD deal with the public directly?
As a reinsurer, PRIME RE LTD does not deal directly with individuals, but it may provide guidance and advice to the insuring public in relation with insurance companies and products.
Please contact us in case you have any other question.