Reinsurance refers to the repeated insurance of a risk that has already been insured by insurance companies. Reinsurance is carried out as a form of self-insuring by the insurance company against the risk of excessive losses occurring in the same period and negatively impacting the company's capital structure. Participation-based insurance companies obtain coverage from participation reinsurance companies whenever possible. However, if the necessary coverage cannot be provided, they may obtain services from conventional reinsurance companies with the approval of the advisory committee.

 

The participation-based reinsurance and conventional reinsurance companies to which HDI Participation Insurance Inc. has transferred its treaty reinsurance are as follows.

 

Company
Hannover Re Takaful B.S.C
Kuwait Re
MAPFRE RE, Compañía de Reaseguros, S.A.
Milli Re
Oman Re
Saudi Re
Türk Katılım Reasürans A.Ş.
VIG Re zajistovna a.s.

 

The following are the participation-based and traditional co-insurance companies with which HDI Participation Insurance Inc. has co-insurance agreements.

 

Company
AK INSURANCE
AXA INSURANCE
ECB BROKERAGE
HDI INSURANCE
INTEGRA BROKERAGE
KONIG REEKER
MAPFRE RE
MILLI REINSURANCE
SOMPO INSURANCE
NASCO BROKERAGE
TÜRK RE
VHV INSURANCE
RÖNESANS BROKERAGE