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 Such arrangements are generally on quota share basis.
 These types of products are not available in Indian insurance market.

Social reinsurance

 Social reinsurance is a variant of White labeling in the context of rural insurance.
 Here NGOs play the role of distributor and outsource the design and Administration

of the entire insurance product to the insurance company.
 The usual activity of sales, claims is handled by the NGOs.
 The product design, controls over underwriting and claims management are designed

and implemented by the reinsurance company.
 These types of products are popular in some African markets such as Kenya, Uganda

and Tanzania.

Criteria used by insurance companies to decide on their reinsurance programs
An insurance company will consider the following factors while designing its reinsurance
program:-
1. Current size of portfolio and claims volatility- larger portfolio lower the volatility
2. extent of capital credit available from reinsurance
3. extent of technical support needed from insurer
4. extent of product innovation under consideration for next year
5. Mandatory insurancerequirements- in India 10%of the business must be compulsorily

ceded to GIC Re.

Common terms related to reinsurance
 Ceding : The process of placing the business to the reinsurer by the primary insurer.
 Retrocession: when the reinsurer reinsures itself with any other reinsurer

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