| Indian markets require huge
capacity both for treaty and facultative reinsurance. In addition to the capacity provided
by the General Insurance Corporation of India, Indian companies do require capacity from
the International market. Each company is allowed to
arrange reinsurance protection for its own portfolio.
As per reinsurance regulation framed for the market, the
Indian companies are allowed to approach the international market once they have exhausted
the local capacity.
Facultative reinsurance support is sought for mega risks
and other non conventional kinds of business where there is not enough treaty capacity.
Insurers prefer to follow reinsurer driven rates in non
conventional and large liability business.
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