Wednesday, December 24, 2014



The transfer of insurance business from one insurance company to another insurance company is known as reinsurance. The reinsurer may also obtain reinsurance from another reinsurer. Reinsurance has a very important role in insurance business. To access how much an insurance company is manageable and strong, it is necessary to know the reinsurance business of that company. Insurance is governed by the law of average. The creation of risk bearing capacity is called reinsurance. The reinsurance is made between two or more than two insurers. Though, Nepalese insurance law does not define reinsurance. T is meaningless to imagine insurance business without reinsurance.
Importance of Reinsurance
1.       To strengthen the insurance companies
2.       To making the insurance business reliable and to keep always attractive
3.       To make the new insurance companies competent in insurance business
4.       To widen insurance business


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