Reinsurance Treaties / Customized Portfolio Solutions / Special Lines & Products
Having had access to more than 50% of the MENA insurers and with 26 years of experience analysing the region’s performance, our team is ready to help optimize your risk transfers solutions. We can advise and place traditional bouquets structures as well as excess of loss and stop loss covers. Our experienced team can help you reach an ideal combination of treaties, in all lines of business, including finite covers dealing with a specific line of business or for the whole portfolio, connecting the market players’ needs by introducing functional structures to the benefits of all parties involved.
Marine - Hull, Cargo & Liabilities
Broktech being the MGA (Managing General Agent) for leading Reinsurers along with access to open-market capacities, and exceptional Marine services with experience dating back to 1997, in the lines of Hull, Cargo & Liabilities, the team is able to provide our Clients & Business Partners with standard and customized solutions in all segments. Along with automatic capacities, binding and non-binding facilities that are in place, we offer full service and reinsurance support with a high level of expertise & reliability.
Yachts & Pleasure Crafts
Broktech is MGA (Managing General Agent) for leading Reinsurers along with access to open-market capacities, the team is able to provide our Business Partners with standard and customized solutions for Yachts & Pleasure Crafts. To provide you with distinctive service in the lines of Yachts & Pleasure Crafts, a separate Business Unit has been set up, providing professionalism and technical support to our client’s expectations at all times.
Claims handling and consultancy is offered to our clients through the vast experience under direct management of Captain Richard Chalhoub & his team. Having solved a variety of different cases over the period of 35 years, Captain Richard Chalhoub has saved Insurers & Reinsurers large amounts of up to millions, by providing correct analysis with logical & reasonable solutions.
Property & Engineering
Special attention is given to these lines, which are fundamental to our economy as they lessen the impact that natural and man-made disasters have on our businesses and homes. Global reinsurers’ risk appetite used to change with the insurance cycle, but with ever dropping rates, these lines are predominately challenging to place. This has driven Broktech to obtain automatic facilities in property, from A-rated securities, in order for us to expedite the coverage of risks. We are keen on aiding the ceding companies in maintaining a healthy portfolio by ensuring that proper risk management practice is enforced.
The range of products we offer covers all type of Fire and Engineering.
PVT, Political Risk & Fine Art
To provide you with distinctive service in the lines of PVT, Political Risk & Fine Art, this Business Unit has been established, ensuring professionalism and technical support to our client’s expectations at all times, dedicated to provide our Business Partners with standard and customized solutions for Political Violence, Terrorism & Fine Arts across the MENA region, Africa & beyond.
Casualty & Specialties
Casualty is the driver behind insurance companies’ results in the MENA & EU, with Motor making up a big portion of the portfolio. We are ready to assist in the different branches involved in order to maintain and develop these branches on sound basis.
Professional Indemnity is rapidly developing, becoming compulsory in certain countries in the MENA & EU region. With access to competitive reinsurance markets Broktech can promptly place these covers on marketable terms.
Life & Health
Broktech prides itself on the good-standing relationship with the top leader of actuaries in the market, along with our internal underwriters extending our support in helping clients develop these lines on proper and sound basis. Our service is not limited to conventional reinsurance placement, but it is extended to provide clients with comprehensive and complete solutions when writing these lines. We can develop products and pricing tools for Life & Personal Accident, while helping with Claim Handling. Furthermore, our team is ready to assist in finding standard or customized solutions for both Conventional and Takaful insurance products.
Trainings & Seminars
Prominent clients can benefit from some of our offered trainings by our experts. Subjects range from:
⦁ Marine & Non-Marine Underwriting
⦁ Treaty Optimization
⦁ Claims Handling, Product Development & Pricing
⦁ Economic Capital Modeling
⦁ Asset/Liability Management
The functions of a (Re)insurance broker need to evolve in order to reflect the changes in the market. Our experts are able to extend the services to our treasured Clients & Business Partners by offering the following:
⦁ Provision of technical support, including assistance in rating of products and set up of wordings;
⦁ Underwriting assistance and second opinion review of general (Re)insurance applications;
⦁ Comprehensive evaluation and assistance in optimizing reporting tools and data analysis;
⦁ Assist in setting Treaty Structures and provide high-level underwriting advice;