Reinsurance

Includes firms which carry out all or specific type/types of insurance (excluding life insurance) by concluding contracts with other insurance companies as follows: The first insurance company bears the responsibility of dangers insured against by the first contract. The second insurance company undertakes to insure the first company against all or part of the dangers insured against by the first company. The company which provides the second insurance undertakes to cover all losses which exceed a certain amount during a specified period.