it is necessary to say a few words about reinsurance. Firstly, the sufficiency and availability of the reinsurance qatar telegram data capacity of RNPK, which ensures the operation of the insurance market with large risks, is maintain. Secondly, the national reinsurer is gradually increasing the requirements for risks accept for reinsurance, which forces insurers to conduct higher-quality underwriting of such risks. All this increases financial stability at the system level – both at the level of the companies themselves and at the level of RNPK. In addition, such requirements, for example, in terms of installing fire alarms, increasing the level of security at insur facilities, insurers are beginning to impose on policyholders, which, in turn, leads to a decrease in risks in the real sector.
Approaches and requirements
for own retention under reinsurance contracts with RNPK are being improv. This refers to the amount within which the insurer itself pays compensation in the event of an insur event.
Develop a system of such limits for the most
significant areas of business, including insurance of construction and installation risks and insurance of property of legal entities. A transition period of two years has been establish to prepare insurers shipping preparation to meet the new requirements. Such streamlining of approaches to own agb directory retention will stimulate market participants to further improve the quality of risk management, as well as to increase capital in order to expand their capabilities for accepting large risks for insurance.
