Selection of Insurer (s)

Insurance companies where the risk to be place shall be selected. This selection is very important in order to ensure that companies choosen as Insurer (s) has been complied with some criterias. The said criteria includes Risk Based Capital, capital paid up as regulated, reinsurance capacity, breadth of cover, flexibility on terms and conditions, credit facilities, techincal experience, knowlegde and expertise owned, geographical spread, support and sales literaturem, price and financial security.

Other criteria that should be take a good attention is compliance with related to government regulations.