Reinsurers urged to investigate cedants
Wednesday, 10 04 2017, Category: Insurance and Reinsurance, Country: World
Reinsurers could place lines of business at risk by failing to properly investigate the financial profile of cedants before taking on their risks, Litmus Analysis warned.
Proper investigation into ceding companies’ financial position is an integral but often overlooked part of the reinsurance underwriting process.
“There’s a general consensus among reinsurers that this is an important part of the reinsurance process, but generally with little clarity about how important or what to do about it,” said Litmus.