Gbolahan Toru - Assistant General Manager, Underwriting & Marketing
Mail: info@fbsre.ng
Service Documents
Retakaful
At FBS Re, we view takaful insurance as a new but fast-growing class of business. Accordingly, we intend to develop innovative reinsurance offerings, thereby attain a niche market position, and provide more comprehensive underwriting capacities to the existing Takaful specialist operators.We collaborate with our reinsured companies to adopt the takaful insurance model of risk-sharing, where practicable.
Similar operations and standards are required in Retakaful operations as well. Retakaful premium recovered from Takaful companies (cedent). A percentage of the Retakaful premium is taken by the Retakaful company as a reward for the managing of the Retakaful fund, underwriting, policies administration, claims processing and settlement etc.
Retakaful is a further protection of policyholders whereby Takaful operator pass on part of the risk/labilities of their policyholders to Takaful Company or Insurance company against suffering too great loss from their Takaful Insurance operations