Overview

Here you can find general information about the products and services provided by AzRe reinsurance. Also you can get brief information, why you should choose AzRe as your reinsurance partner.

Why AzRe?

AzRe offers a wide variety of reinsurance products and solutions to manage capital and risk. Reinsurance is an arrangement in which a company, the reinsurer, agrees to indemnify an insurance company, the ceding company, against all or a portion of the primary insurance risks underwritten by the ceding company under one or more insurance contracts. The purpose of reinsurance is the same as that of insurance: to spread risk. By spreading risk within the insurance industry, reinsurance is a mechanism that enables the insurance industry to function more efficiently. From this point, the purpose of AzRe Reinsurance is spreading risk in the local insurance market.

The most common reasons for purchasing reinsurance from AzRe are:

Capacity

It allows our cedents to write larger amounts of insurance.

Catastrophe

We protect our reinsureds against a single, catastrophic loss or multiple large losses.

Stabilization

We help to smooth our clients overall operating results from year to year.

Market

We help our clients spread the risk on new lines of business until premium volume reaches a certain point of maturity; can add confidence when in unfamiliar coverage areas.

Expertise

We can provide the reinsured with a source of underwriting information when entering a new line of insurance or a new market.

You can get reinsurance protection by contacting our Facultative Market Unit, Treaty Market Unit.

Facultative Reinsurance

The type of reinsurance used is determined by the needs of the ceding company. We provide a variety of reinsurance products to suit your unique risk management philosophy. AzRe offers its customers a comprehensive range of products of treaty and facultative reinsurance on both a proportional and non-proportional basis. Facultative Reinsurance, also known as individual risk reinsurance, is the transfer of liability from an insurer to a reinsurer on a single policy of insurance. Internationally, facultative reinsurance encompasses mainly large-scale risks that do not fit the treaty portfolio and need to be individually evaluated and reinsured. But taking into consideration, the local market situation we are ready to provide your not so large risks with facultative reinsurance protection. Facultative Market Unit of AzRe reinsurance provides non-life insurance and reinsurance companies with facultative pro-rata and excess of loss reinsurance across a wide spectrum of insurance lines:

  • Property, Business interruption
  • EAR, CAR
  • Marine (cargo)
  • General Commercial Liability
  • Employer's Liability
  • Personal accident
  • Financial risks etc.

Cedent companies can apply us directly or through reinsurance intermediaries. Working with intermediaries we design efficient risk transfer products using pro rata or excess reinsurance structures across a wide spectrum of insurance lines.

Treaty Reinsurance

The type of reinsurance used is determined by the needs of the ceding company. We provide a variety of reinsurance products to suit your unique risk management philosophy. AzRe offers its customers a comprehensive range of products of treaty and facultative reinsurance on both a proportional and non-proportional basis. Treaty reinsurance is the transfer of liability from an insurer to a reinsurer, on a portfolio of policies; i/e treaty reinsurance is used to reinsure entire, precisely defined portfolios.

You can have below advantages by having treaty reinsurance at AzRe Reinsurance.

  • No individual risk scrutiny by the reinsurer
  • Provide the cedent with automatic reinsurance on every risk to be insured within the applicable classes
  • Increase the cedents capacity to accept greater limits
  • Less costly than "per risk" reinsurance
  • One contract encompasses all subject risks
  • Liability of Azre Reinsurance begins simultaneously with that of the ceding company

Treaty Market Unit of AzRe Reinsurance designs efficient risk transfer products using pro rata or excess reinsurance structures across a wide spectrum of insurance lines. We tailor solutions to meet our clients financial and risk transfer needs.

Our Client Focus -- We focus on Azerbaijani insurance companies that require top financial security and significant treaty capacity. Also we will penetrate our business to CIS and Middle Asian insurance markets.

Our Products

Direct Treaty Market Unit of AzRe Reinsurance offers traditional property/casualty treaty reinsurance, including:

  • Property
  • Property catastrophe
  • CAR and EAR
  • Motor
  • Cargo / Marine
  • Auto Liability
  • General Commercial Liability
  • Employees Liability

Cedent companies can apply us directly or through reinsurance intermediaries. Working with intermediaries we design efficient risk transfer products using pro rata or excess reinsurance structures across a wide spectrum of insurance lines.