Turn Key Solutions
PRIME RE LTD provides financial protection to primary insurers that transfer part of their risk to us. This allows insurance companies to grow their business, seek catastrophe protection, distribute risk and keep less capital on hand in order to cover potential losses.
Highlights of the solutions we offer to primary insurers:
- Limiting the financial impact in case of natural disasters or catastrophic events, as some of the burden is placed on the reinsurance company
- Increased underwriting capacities as the risks are spread out and the insurance company can take on more policyholders
- Stability during financial stress, when an insurance company has to pay a large number of claims in a short period of time
- Improved insurance operations through special risk assessment, consultation in loss prevention, support for loss adjustment and employee training
- Stabilized income and losses over a period of time, by reducing profit fluctuations