Reinsurance industry is all about combining technical expertise, science and art. However, with many tools used to conduct our business, we also need deep human expertise to underwrite properly. This is what we call the art of underwriting as Reinsurance is an industry of Art and Knowledge. The most advanced tool will never replace the intuition of an experienced underwriter facing a complicated case of risk. This dimension of our business, linked to the art of underwriting, is the most vital. Like artists, we need to learn, emulate, stimulate, and then innovate, in order to pave our own path and stimulate our distinguished work.
Through its intensive technical expertise, disciplined underwriting approach and in depth market knowledge; Soteria Insurance Solutions provides facultative reinsurance solutions tailored to meet the increasing demand of the energy, construction, manufacturing and commercial sectors. Soteria Insurance Solutions aims at serving Insurance Companies, Reinsurance Companies and Brokers by offering high quality capacity, backed by superior security with a strong focus on technical risk selection based on the best international practices. Facultative Reinsurance means reinsurance of individual risks by offer and acceptance, wherein the reinsurer retains the “faculty” to accept or reject each offered risk. Being professional in the reinsurance industry; Soteria Insurance Solutions works with various Facultative Reinsurance Programs whether proportional or non-proportional, while offering many underlying options on each.
Soteria Insurance Solutions underwrites, quotes and provides all lines of Treaty Reinsurance including property, engineering, motor and marine on both proportional “quota share and surplus” and non-proportional “excess of loss or stop loss” bases. Soteria Insurance Solutions provides treaty reinsurance protection to many leading direct insurance companies in its geographical areas of operation, in form of annual Treaties on proportional and non-proportional bases with a sizable underwriting capacity. Add to that, Treaty Reinsurance does not require review of individual risks by the reinsurer; it however demands a careful review of the underwriting philosophy, practice and historical experience of the ceding insurer.
A reinsurance of reinsurance. This secondary reinsurance is called a Retrocession. The transaction whereby a reinsurer cedes to another reinsurer all or part of the reinsurance it has previously assumed. Soteria Insurance Solutions retrocession specialists are ready to support clients and reinsurance companies with their collective experience and knowledge in European, Regional, Asian and Emerging Markets.