Treaty reinsurance is insurance purchased by an insurance company from another insurer. The company that issues the insurance is called the cedent, who passes on all the risks of a specific class of policies to the purchasing company, which is the reinsurer. Treaty reinsurance is one of the three main types of reinsurance contracts. […]
Efficiency is essential for maintaining competitiveness in the quick-paced insurance industry. Insurance firms require strong solutions to optimize their operations due to the growing number of policies they oversee, claims they must handle, and laws they must adhere to. That is exactly what ICON Limited’s Bima ERP systems provide, with […]
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