The idea behind reinsurance is relatively simple. Insurance companies, like Atlanta Life, write policies covering their customers from potential losses.
Atlanta Life helps insurers spread out their risk exposure. Insurers (customers) pay part of the premiums that they collect from their policyholders to a reinsurance company like Atlanta Life and in exchange, the reinsurance company agrees to cover losses above certain high limits.
By spreading risk, an individual insurance company like Atlanta Life can take on clients whose coverage would be too great of a burden for the single insurance company to handle alone. When reinsurance occurs, the premium paid by the insured is typically shared by all of the insurance companies involved.
Insurers use reinsurance for these primary reasons:
- To limit liability on a specific risk
- To stabilize loss experience
- To protect themselves and the insured against catastrophes
- To increase their capacity
The world of life and health insurance is transforming just like all other areas of our economy. The areas for risk is always on and never sleeps.
Atlanta Life provides Life Reinsurance and Dental Health Reinsurance in partnership with major Group reinsurance carriers.
We reinsure all life insurance products including:
- Whole Life
- Universal Life
- Supplemental Benefits and Riders
- Joint and Last Survivor
- Corporate-Owned Life Insurance (COLI) and Bank-Owned Life Insurance (BOLI)
- Mortality Catastrophe
Dental Health Reinsurance
Based on our unique, integrated focus on risk carrying and risk management in health, Atlanta Life delivers individual, sustainable solutions. The special combination of resources we offer enables our clients to achieve success and security in their respective markets.