Cooperating Insurers

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If an insurer decides to extend an insurance package with a component offered by a specialist insurer, RealXS software provides adequate separation of premium and claim entries.
Multiple insurers on one package policy
When multiple insurers are involved in components of insurance products, there are always parties that depend on the administrative decisiveness and information provision by a third party. That third party can be the Insurer who takes care of policy formatting.

Multiple insurers 
Sometimes there is an insurance package, where one insurer covers one interest, while another interest is covered by one or more other insurers.
Example:
An insurance package for trucks includes the insurance of several interests:
1) Hull cover
2) Liability (WAM)
3) Legal expenses
4) Carriers liability

5) Passenger insurance
In this case, it is conceivable that the interests listed under 1,2 and 4 are covered by one insurer, while 3 and 5 are covered by other insurers.

Incidental cooperation
Sometimes there is an insured interest where the probability of loss is much higher than other interests that the insurer usually covers.
Example:
An insurer is used to insuring homes that have an average reinstatement value of 500,000 euros.
Someone wants to insure their brand new home which is as big as a castle. Reconstruction value is 4 million euros. In that case, one insurer may have invited another to insure the risk together.

In that case, both insurers and their share n the coverage are mentioned in the policy.

But that could also be an intermediary who has put together an insurance package for a specific target group.


Sustained remittance of overdue supplements/refunds
Think of retroactive expulsion.
Think of after-settlements of business claims insurance or declarations for insurance of trade goods.
The figures available for this may not be available for years. The subsequent settlements or claims can then only be booked in the form of supplementary premiums or refunds.
These, too, are settled with certainty with the insurer who bore the risk at the time.

Insurance game
Insurers agreeing Special Limits can thus come to business while the separation of estates is adequately arranged.