Reinsurance
Re Insurance operations are little complex and require complete understanding of the products and the processes involved in reinsurance transaction, be it treaty reinsurance for a class of business or facultative placement of individual risks. It also requires thorough knowledge of international market practices, risk appetite, technical know how and financial strength of the reinsurance companies. It also requires knowledge of political, regulatory and legal environment in their native countries. We are therefore required to constantly update ourselves on these issues while seeking reinsurance protection for products available in the domestic markets as well as whilst seeking terms and conditions for new products not available in the local market but needed by our customers.
Reinsurance wing of Aspire Insurance brokers, takes a consultative approach to addressing these challenges with clients. Through our analytical approach and expertise, we are able to suggest solutions that achieve broader coverage at competitive prices. We also ensure compliances of all legal and regulatory requirements of IRDAI and RBI. We complement our service offering with risk transfer solutions and full-service insurance consultancy. We can and we have secured broad reinsurance coverage across all lines of business.
Our seamless approach to risk management helps you allocate, use and protect your capital to achieve your financial objectives.
We place Treaty as well as Facultative business. We Provide capacity to Indian Insurer by arranging placement of their treaties and individual risks in the overseas reinsurance. We also some business for foreign reinsurance and provide place it with India and foreign reinsurance.
Team Aspire has developed expertise in reinsurance of standalone terrorism cover and large engineering projects in the global market at competitive terms.