Phone: 850 2 18333 ext. 3818304 Email: future@futurere.com.kp

Types of Reinsurance

Facultative Reinsurance

Future Re provides facultative reinsurance solutions to meet the growing demands of the insurance companies that cannot afford to keep the whole risks for its own account, in terms of its size or characteristics.

Through the extensive technical expertise, disciplined underwriting approach and in-depth market knowledge, it will serve insurance companies by offering high-level capacity.in the form of facultative reinsurance for such large risks as energy, aircraft, airport, marine hulls, ports, terminals, banks and financial institutions.

Treaty Reinsurance

Future Re provides the local clients with a reasonable underwriting capacity in almost all types of reinsurance treaties; proportional (quota share, surplus) and non-proportional (risk/event/catastrophe excess of loss, stop loss) reinsuring portfolios in property, engineering, marine and agricultural business.

It gears to provide its capacity in the treaty business ceded by clients in the region and the rest of the world.

The forms and types of reinsurance portfolios in which Future Re is involved are detailed below.

Korea National Insurance Corporation:
Fire 60% Quota Share Treaty (Pure Fire Only)
Motor Quota Share Treaty
Civil Engineering Completed Risks Excess of loss Treaty
Marine Cargo Quota Share Treaty (100% Quota Share)
Marine Hull Quota Share & Surplus Treaty (75% Quota Share, 100% Surplus)
P&I Liability Reporting Excess of Loss Reinsurance Contract
Crop Stop Loss Treaty (Maize Only) 1st Layer
Crop Stop Loss Treaty (Maize Only) 2nd Layer
Crop Stop Loss Treaty (Rice Only) 1st Layer
Crop Stop Loss Treaty (Rice Only) 2nd Layer
Potato Quota Share Treaty
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Polestar Insurance Company:
Fire 70% Quota Share Treaty (Fire and Extended Perils)
Civil Engineering Completed Risks Quota Share Treaty
Machinery Loss of Profit Facultative Reinsurance
Crop Stop Loss Treaty (Rice Only) 1st Layer
Crop Stop Loss Treaty (Rice Only) 2nd Layer
Potato Quota Share Treaty
Samhae Insurance Company:
Fishing Vessel Quota Share Treaty (80% Quota Share)
Marine Cargo Excess of Loss Reinsurance Contract