Co-assurance on the Bourse market place

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Co-assurance on Exchange is usually applied exclusively by Register Brokers RMiA
Co-assurance
Sometimes there is an interest to be insured that is too extensive for one insurer.

Example:
A broker is engaged to insure the business.
He then underwrites the risk with 20 or more insurers.
Involves an industrial company where the rebuilding cost of the headquarters is very substantial.

Assurers (authorised agents) and insurance companies are invited to participate in an insurance proposition.

Customers who have insurance taken out by an Insurance Broker fully inform them about the interests to be insured and the dangers they face. The Insurance Broker then prepares an insurance proposal.

Co-assurance Optima Forma
He submits the digital insurance proposal to a number of insurers and underwriters. These are invited to participate on risk coverage.
One insurer wants to offer as much as 15% coverage. The other does not go beyond 5%.
If the broker manages to find 100% coverage for his insurance proposition, then the matter is complete and he can inform the customer digitally about his offer.
If the customer orders the insurance, then RealXS software automatically prepares the policy and makes it ready for signature.
Signing will usually only be done by the above insurer(s).
This process of signing can also be done digitally.
Each for his share.

Although his logo appears on the policy, the broker is therefore not the insurer.