The Standard Reinsurance Agreement is a fundamental document in the insurance industry that facilitates the transfer of risk from primary insurers to reinsurers under German law. This agreement is typically used when an insurer seeks to manage its risk exposure and capital requirements by transferring portions of its underwritten risks to a reinsurer. The document incorporates requirements from the German Insurance Contract Act (VVG), Insurance Supervision Act (VAG), and relevant EU regulations, particularly Solvency II requirements. It details all aspects of the reinsurance relationship, including risk acceptance criteria, premium calculations, claims procedures, reporting requirements, and regulatory compliance measures. The agreement is essential for establishing clear operational procedures and legal obligations between the parties while ensuring compliance with German regulatory requirements.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
Alternatively...
1. Parties: Identification of the reinsurer and cedant, including full legal names and registration details
2. Background: Context of the agreement, relationship between parties, and general purpose of the reinsurance arrangement
3. Definitions: Key terms used throughout the agreement, including technical reinsurance terminology
4. Scope of Cover: Detailed description of risks covered, exclusions, and territorial limits
5. Premium and Payment Terms: Premium calculation methodology, payment schedules, and adjustment provisions
6. Claims and Settlement: Procedures for claims notification, handling, and settlement
7. Accounts and Settlements: Requirements for financial reporting, account statements, and settlement procedures
8. Security Requirements: Collateral or security deposit requirements and related procedures
9. Duration and Termination: Contract period, renewal terms, and termination provisions
10. Confidentiality: Provisions regarding confidential information handling and data protection
11. Governing Law and Jurisdiction: Specification of German law application and jurisdiction
12. Dispute Resolution: Procedures for handling disputes, including arbitration provisions
13. General Provisions: Standard contract clauses including severability, entire agreement, and amendments
1. Sanctions Clause: Required when dealing with international risks or parties subject to potential sanctions
2. Broker Involvement: Needed when a reinsurance broker is involved in the arrangement
3. Cut-Through Clause: Optional provision allowing direct access by original insured in specific circumstances
4. Portfolio Transfer: Required when existing business is being transferred as part of the arrangement
5. Profit Commission: Included in proportional treaties where profit sharing is agreed
6. Special Acceptance: Required when specific risks outside standard terms may be accepted
7. ECO/XPL Coverage: Optional coverage for extra contractual obligations and excess of policy limits
8. Special Termination: Additional termination rights for specific events like rating downgrades
1. Schedule A - Risk Details: Detailed specification of covered risks, limits, and retentions
2. Schedule B - Premium Calculation: Detailed methodology for premium calculation and adjustments
3. Schedule C - Claims Information Requirements: Specific requirements for claims documentation and reporting
4. Schedule D - Accounting and Settlement Procedures: Detailed procedures for financial reporting and settlements
5. Schedule E - Security Requirements: Specific details of required security or collateral arrangements
6. Appendix 1 - Excluded Risks: Detailed list of specifically excluded risks and circumstances
7. Appendix 2 - Reporting Templates: Standard forms and templates for regular reporting requirements
8. Appendix 3 - Claims Guidelines: Detailed procedures and guidelines for claims handling
9. Appendix 4 - Information Sharing Protocol: Procedures for sharing sensitive or personal data in compliance with GDPR
Authors
Find the document you need
Binding Authority Agreement
A German law-governed agreement delegating underwriting authority from an insurer to a coverholder, compliant with German insurance regulations.
Download
Standard Reinsurance Agreement
A German law-governed agreement between a reinsurer and primary insurer establishing terms for risk transfer and coverage obligations.
Download
Insurance Distribution Agreement
German law-governed agreement regulating insurance distribution relationships between insurers and their distribution partners, compliant with German insurance regulations and EU directives.
Download
Deductible Indemnity Agreement
A German law agreement establishing indemnification obligations with a deductible structure, detailing coverage, claims procedures, and payment terms.
Download
Life Insurance Agreement
A German-law governed life insurance contract establishing terms for death benefits and optional living benefits, compliant with VVG regulations.
Download
Key Person Agreement
A German law-governed agreement for securing and retaining critical employees, combining standard employment terms with key personnel-specific provisions.
Download
Insurance Indemnity Contract
German law-governed insurance indemnity contract establishing terms for risk coverage and indemnification obligations between insurer and insured.
Download
Risk Transfer Agreement
A German law-governed agreement facilitating the transfer of specified risks between parties, including risk management frameworks and regulatory compliance requirements.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your data is private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
