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Glossary

Assumed Reinsurance

Insurance Term

Assumed Reinsurance, also known as Reinsurance Assumed, is a type of reinsurance that involves an insurer or reinsurer taking on the risk and liability of another insurer or reinsurer. This type of reinsurance is typically used when an insurer or reinsurer wants to transfer some of its risk to another company.

Assumed Reinsurance can be either facultative or treaty reinsurance. Facultative reinsurance is when a specific risk is transferred, while treaty reinsurance is when a group of risks are transferred.

In Assumed Reinsurance, the reinsurer agrees to indemnify the insurer for losses incurred within a certain defined period of time, or up to a specific limit. The reinsurer then charges a premium for taking on the risk.

Assumed Reinsurance is often used by insurance companies to manage their risk exposure, improve their balance sheet, and protect themselves against catastrophic losses. It can also be used to help insurers to enter into new markets, expand their product offerings, or meet regulatory requirements.

Overall, Assumed Reinsurance is an essential tool in the insurance industry, enabling insurers to manage their risks more effectively, while also providing an important source of revenue for reinsurers.


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