Abstract
For better risk mitigation, takaful operators often share their risks with re-takaful companies. Re-takaful companies also use wakalah and mudarabah models for their operations. Takaful companies arrange re-takaful for increasing their underwriting and claim-paying capacities. There are two broad types of re-takaful agreements, namely, facultative and treaty re-takaful, which have further subtypes including proportional and non-proportional.
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Notes
- 1.
D.M. Holland, ‘A brief history of reinsurance’, Reinsurance News, 65 (February 2009), p. 7.
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Malik, A., Ullah, K. (2019). Re-takaful. In: Introduction to Takaful. Palgrave Pivot, Singapore. https://doi.org/10.1007/978-981-32-9016-7_8
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DOI: https://doi.org/10.1007/978-981-32-9016-7_8
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Publisher Name: Palgrave Pivot, Singapore
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Online ISBN: 978-981-32-9016-7
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