About Reinsurance

Note: Users need the "Reinsurance Setup" authority (Company Configuration group) to access and use any of its functions.

The Diamond System includes both Treaty and Facultative Reinsurance.

• Facultative Reinsurance: This type of reinsurance is one in which a contract is usually negotiated for a specific insurance policy. Typically, this type of reinsurance is bought when a policy is unusual or large and the original insurer is concerned about the risk of liability.
• Treaty Reinsurance: This type of reinsurance covers a "group" of policies (e.g., Homeowners or Auto)  for a specified period of time. This is more closely enforced, because all the terms of the contract between the primary insurer and the reinsurer must be met.

This Help File includes:

• Reinsurer and Broker Information
• Facultative Insurance
• Treaty Insurance