Reinsurance claim process refers to the series of steps taken by an insurance company (the reinsurer) to assess and settle a claim submitted by another insurance company (the ceding company). The reinsurance claim process is designed to ensure that the ceding company is reimbursed for covered losses in a timely and efficient manner.
The reinsurance claim process typically begins when the ceding company receives a claim from its policyholder. The ceding company will then review the claim to determine if it is covered under the reinsurance agreement. If the claim is covered, the ceding company will submit a claim to the reinsurer.
