Falcon Reinsurance Brokers
We are an innovative reinsurance intermediary. Committed to providing cost effective tailor made reinsurance solutions for our existing and prospective clients. As an independent intermediary based and registered in Namibia we offer personalised services to clients in Namibia and other African countries including South Africa. We are a member of NIBA, the Namibian Insurance Broking Association.
We specialise in:
The thrust of our business is treaty reinsurance and via our
international connections, we are able to access the international
- Non life treaty reinsurance-renewable annual contracts
- Life Reinsurance- renewable annual contracts
- Medical and Health -renewable annual contracts
- Facultative Reinsurance- specific period contracts for large risks
We consider the correct Reinsurance Programme for your business, which could be a bouquet of treaties or individual treaties, to transfers the correct risk and quantities of risk to your Reinsurers.
Where too much risk is transferred, you are over committing to your reinsurance programme; where you are transferring too little risk to your Reinsurers, you are retaining risks that should be transferred cost effectively and efficiently to your Reinsurers.
By doing the risk transfer at its optimum level, you are utilising the Reinsurers capital to underwrite risk.
We can arrange Reinsurance of all classes of insurance including accident, engineering, liability, motor, fire, aviation, professional indemnity and life business as well as special types of cover such as Political Risk, Kidnap and Ransom, Piracy and high risk personal accident business.
A key risk for insurers is exposure to inadequate pricing of the original risk in that the actual claims and benefit payments exceed the carrying amount of the reinsurance liabilities. This could occur because of the frequency or severity of claims and benefits are greater than estimated. Insurance events are random and the actual number and amount of claims and benefits will vary from year to year, than estimated based on past experience.
Clients manage these risks through adequate retrocession arrangements and proactive claims handling.
The partnership of the commitment to Reinsurance is something we are well aware of and the longevity of our relationships with our clients and Reinsurers is a high priority for us.