| Treaty
reinsurance is reinsurance of specified types or classes of insured exposures that are
automatically "ceded" and “accepted” within the terms of the
reinsurance contract, called a treaty, without evaluation of each individual exposure. The
reinsurance takes effect as soon as the primary insurance is in force. Aon Global
Insurance Brokers Pvt. Ltd. offers its services to all the nationalized insurance
companies and some of the private insurance players as well as the GIC (General Insurance
Corporation of India) which is the national reinsurer for the Indian market.
Quota Share treaty arrangement are generally not practiced in the Indian market except
the obligatory cession where every Insurance Company is expected to cede 20% of each and
every risk to GIC which is the national reinsurer.
Surplus and Excess of Loss Treaties are common forms of risk/loss transfer adopted by
Indian companies and placed in the International market
As on date private companies are largely dependent on Surplus Treaties as against
excess of loss treaties by their counterparts in Government Sector.
Aon Global is also instrumental in offering a volume of inward reinsurance to the
Indian market both in the form of proportional as well as non proportional treaties.
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