Reinsurance

Reinsurance is a requisite condition for the usual activity of any insurance organization since it helps to establish a well-balanced insurance portfolio and provide for the financial stability of the insurance organizations. Therefore, Universalna Insurance Company OJSC pays much attention to reinsurance.

The Company has long since started cooperation with well-known home, Russian, and Western reinsurers for obligatory and voluntary insurance.

• Universalna Insurance Company OJSC protects its portfolio due to the following obligatory projects:
  Property insurance risks (incl. construction and assembly risks)
  The Reinsurer: Munich Re.
  Obligatory reinsurance agreement concluded on the grounds of the excess of loss.
  
  
• Risks of insurance against accidents:
  The Reinsurer: SCOR Global P&C.
  Obligatory reinsurance agreement concluded on the grounds of the excess of sums.
  
  
• Risks of insurance of the carrier’s liability:
  The Reinsurer: SCOR Global P&C.
  An obligatory quota-share agreement concluded.
  
  
• Risks of cargo insurance:
  The Reinsurer: SCOR Global P&C.
  Obligatory reinsurance agreement concluded on the grounds of the excess of sums.

In addition to the above, Universalna Insurance Company OJSC places risks in such companies as Munich Re, Polish Re, SCOR Global P&C, Hannover Re, Swiss Re, Transatlantic, ACE European Group, and is in tight cooperation with «AON» and «Willis» brokers.

It is worth mentioning that all obligatory agreements contain the indirect section enabling us to involve our obligatory projects accepting the risks from our insurance partners in reinsurance.