Reinsurance

In mid-2021, we obtained a reinsurance broker license, and since then, we have been able to support our clients not only in seeking insurance protection on the direct market but also gained the ability to support the Polish insurance market in terms of reinsurance.

A reinsurance broker is a specialist who acts as an intermediary between insurance companies and reinsurance firms. Their main task is to help insurers transfer part of the risk to reinsurance entities, thus allowing insurers to offer their clients higher limits of liability and better insurance conditions. A reinsurance broker also has deep knowledge about reinsurance markets and can find the best solutions for the specific needs of insurance companies.

When is it advisable to look for solutions in reinsurance markets to enable insurance on the local market?

Several categories require such support, especially:

• unusual risks not offered or typically excluded by our market;
• high limits that the Polish market cannot offer even in co-insurance;
• insurance solutions unavailable on our domestic market.

In these cases, a reinsurance license gives us the opportunity to seek solutions on reinsurance markets both within the European Union and beyond, providing the Polish insurance market with facultative solutions that our clients can ultimately benefit from.

Holding a reinsurance license allows us better control over the scopes and prices offered on the market and ultimately gives us the ability to propose solutions to our clients that are not typically available on our market.

Reinsurance complements our existing offerings and provides us with broader capabilities to more effectively support our clients by allowing them to use local insurance partners, to whom we can provide insurance products or solutions not typically available on our market through facultative reinsurance.