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Business Overview
 
The core business area being reinsurance, PRCL operates in the following areas of all classes of insurance business. 

Services

The main area of services is provision of treaty, facultative as well as fronting support to the insurance industry.  A new sector of risk management is being developed in order to provide risk management related services to the insurance industry in specific and business community in general.
  • Treaty Business
  • Facultative Business
  • Fronting Arrangements
Business Types

Business types offered in almost all classes of business are :-
 
Treaty

An agreement executed between an insurance company and a reinsurer for 12 months’ period under which both the parties are bound in accordance with the terms agreed for.

Treaty business is classified into two broad categories

  • Proportional Treaty which includes Quota Share and Surplus
  • Non proportional Treaty which includes Excess of Loss and Stop Loss
Facultative
 
An agreement executed between an insurance company and a reinsurer for a defined period upto 12 months for any single/specific risk.
 
Fronting Arrangements
 
An agreement executed between an insurance company and a reinsurer for a defined period.  In this case, the reinsurer on behalf of the insurance company, places business to the reinsurers nominated by either the insurance company or the insured.