The strategic advantage of non-proportional reinsurance

Thu, 30 Jan 2025 00:00:00 +0000

Non-proportional reinsurance is a type of contract in which the reinsurer intervenes only if the losses exceed a certain threshold (known as retention). Unlike proportional reinsurance, where losses and premiums are distributed proportionally between the insurer and the reinsurer, the non-proportional model can bring a strategic change by reducing the volatility of the insurer’s financial results, exactly as desired.

According to Article 117(3) of the Solvency II Delegated Regulation, non-proportional reinsurance is considered the most beneficial solution for capital optimization and reducing extreme risks. By protecting insurers from losses and reducing financial volatility, this reinsurance model ensures greater stability and efficient capital management.

Solvency II in Moldova

Tue, 10 Dec 2024 00:00:00 +0000

To assess the readiness of insurance companies for implementing the quantitative requirements of the Solvency II Directive, the National Bank of Moldova instructed insurance companies in Moldova to submit specific Quantitative Reporting Templates (QRTs) by November 30, 2024.

Seven companies in Moldova decided to acquire Actuo calculation engines. Six of them met the deadline, while the seventh was delayed by only two days.

The reporting process was coordinated by rcor.ro, the exclusive Actuo partner in Romania and Moldova. Aware of the importance of the first reporting under the Solvency II regime, we prioritized the quality of information above all else. Consequently, the seven companies managed to build a Data Warehouse compatible with PostgreSQL, including detailed historical information down to the level of additional agreements.

Solvency on rcor

The strategic advantage of non-proportional reinsurance

Solvency II in Moldova