Re-Insurance is a way for Insurance companies to reduce their own exposure to excessive claims risk by sharing the risk with a re-insurer.
Without re-insurance, an Insurance Company would probably be much more selective about who they take on as clients, or ask higher premiums to cover themselves.
The re-insurer gets paid a percentage of the insurance premium for the portion of the risk they take on.
TRIARC is an authorised financial services provider FSP45009. TRIARC insurance products underwritten by Guardrisk Life FSP76. Council of Medical Scheme
Number ORG 4040.