HOW TO CHOOSE THE UNITED REINSURANCE COMPANY INSURANCE?

What factors affecting insurance companies in the United States in choosing a reinsurance company? The values whatever they use as guides? How does the role of broker?

It turned out that the factors most dominant were:

1. The company is financially secure RE
2. Easy to work with
3. Competitive Prices
4. A good ranking by Rating Agencies
5. Credible underwriter
6. Underwriter Authority
7. The consistency of underwriting decisions
8 Open to negotiation
9. Always provide choices
10. Provide genuine concern
11. There is a completion guarantee claims
12. Consistency price
13. Underwriter easily contacted
14. The speed in the handling of documents
15. Low-cost interaction
16. Superior in Casualty business
17. Having creative programs and innovative
18. It has a great capacity for business Casualty
19. Respected by brokers
20. Having a good quality claim settlement
21. Having a skilled and flexible staff
22. Having a high ability facultative
23. Having the ability to do all the programs
24. Providing solutions that are not common
25. Having a multi-line capacity
26. Can provide turn-key products
27. Have the capacity to provide Integrated Products
28. It has a high capability for business property
29. Having qualified actuary
30. Having data of good actuarial
31. Having a large capacity for Property catastrophe
32. It has a great capacity for business property
33. Having the ability modeling
34. Having the ability of dynamic financial analysis

What is interesting is that six of the top fifteen factors associated with inter-personal relationships, proving that for the market is already very complex even inter-personal relationships remain an important factor.

Ranking is very important in America because it will affect the position of the company concerned in the capital market which will culminate in financial performance.

The sixth factor relates to whether an underwriter Re has sufficient authority or she is still too often ask for her supervisor approval.

The order of the sixteen to thirty are factors about the ability of RE to produce products that may be required by insurance companies. These include innovative new programs (17) and provide solutions that are not common (24).

About the role of reinsurance brokers, in fact only 19% of insurance companies will always use a broker in the placement of reinsurance, 25% would rather do it myself and it was nearly 30% of insurance companies in America have no preference whether to always use a broker or not the placement of reinsurance business.

Amid the conditions in which the broker, reinsurance broker merger and consolidation, they showed increased role in the American market. But an increasing number of reinsurance premiums are not channeled through the broker lacks the increasing role of brokers as a giver of advice to

insurance company. More insurance companies need a broker because they know well the reinsurance market, not because of their ability to give advice on how to run an insurance company (one of the functions that are so trend brokers in the USA).

One of the most desirable condition by insurance companies in America is a condition in which the reinsurance companies are willing and able to understand the philosophy of underwriting, claims and their corporate objectives. And this may be obtained if the approach taken by the reinsurance companies conducted in an atmosphere of the approach as a valuable partner rather than as a seller and buyer