World reinsurance markets and Georgia

Abstract

The reinsurance market is an important part of the insurance industry, which contributes to the socio-economic development of the country.

Reinsurance with additional capital provides insurance coverage and promotes economic growth. Reinsurance diversifies the local insurance market through the global distribution of insurance risks, along with providing capital and maintaining financial performance. Through reinsurance, an insurer can build a balanced insurance portfolio. Reinsurance helps insurance companies maintain stability.