Transforming Brokerage and Reinsurance Operations for Maximum Efficiency
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Brokerage in reinsurance refers to the process where a reinsurance broker facilitates transactions between insurers and reinsurers, ensuring optimal coverage for risks.
An insurance broker connects customers with insurance providers, while a reinsurance broker arranges risk-sharing agreements between insurers and reinsurers.
Some of the largest reinsurance brokers include Aon, Guy Carpenter, and Willis Re.
Typically, the reinsurer pays the brokerage fee to the reinsurance broker as part of the transaction.