Data:2009-12-12 2:34
Category: Insurance tips Release Date: 2006-08-01
According to reports, is located in Lianyungang City, Jiangsu Province, Jiangsu Tianwan nuclear power plant, a project of one million kilowatts will be built two pressurized water reactor nuclear power generating units with a total cost of 3.2 billion U.S. dollars, China and Russia, the largest economic and trade cooperation projects is also China's largest nuclear power project. In April this year, China's Ping An Insurance, China People's Insurance Company, China Pacific Insurance Company and Huatai Property Insurance Company which undertook the construction work together to install the insurance business, insurance and the amount of up to 1.85 billion U.S. dollars. A reasonable spread risk, a huge lion's share of insurance will be arranged to the international reinsurance, Swiss Re insurance company to determine coverage for this major re-insurers.
The news tells us that, for high-risk, insured a huge amount of insurance coverage, insurance companies tend to adopt a joint underwriting, which is co-insurance (co-insurance). Can also be insured by an insurance company alone, and then passed on some or all of the risk of one or several (re) insurance companies, the so-called re-insurance or reinsurance. Co-insurance, it also could be reinsurance, several reinsurance companies can also be a subject of joint reinsurance reinsurance.
Co-insurance and reinsurance in common is the subject of several insurance companies bear the same risk of liability insurance.
The main difference is that, after Chuxian subject-matter insured, the insured person the same time the insurance companies to co-insurance claim and accept reinsurance of the insurer is responsible only to separate the insurance company generally does not directly pay compensation to the insured persons, In other words, the insured person can directly apply to the insurer the claim, then, according to the original insurer reinsure reinsurers in proportion to their share back to compensation.
