+996 (312) 61 46 34
+996 (312) 98 67 68
+996 (558) 98 67 68
+996 (701) 98 67 68
+996 (777) 98 67 68
+996 (312) 61 45 88

  • Insurance calculator
  • Call for average surveyor
  • Call for insurance agent
  • Register of Insurance agents
  • Register of MTPL insurance policy forms


RECIPROCAL INSURANCE - договоренность between a group of individual persons, legal entities on indemnification of losses to each other in certain shares, according to accepted conditions.

RECIPROCITY – mutuality, in allocation of reinsurance agreements an assigning company is bases itself on that it should be proposed an adequate reinsurance risk against a deal proposed by it.

RECIPROCITY – practice, according to which the reinsured allocates its reinsurance agreements against adequate reciprocity from the reinsurer.

REGISTRATION OF RISK – a process of supervision and registration of risk demonstration in kinds, forms, etc.

REINSURANCE – a system of economic relations of secondary insurance, by which an insurer (assignor), accepting for insurance risks, a part of liability on them (taking into accounts its financial resources) assigns to other insurers on agreed terms for the purpose of balanced insurance portfolio creation, financial stability security and insurance operations profitability as far as it is possible.

REINSURANCE AGREEMENT – legal agreement (bilateral deal) between assignor (reinsured) and reinsurer, under which one of the parties – assignor (reinsured) – is obliged to assign, and the other – reinsurer – to accept risks for reinsurance on certain terms.

REINSURANCE AGREEMENT – legal document, determining mutual relations of parties (reinsurer and reinsured) and establishing their rights and liabilities. It is a fundamental document in court trial or arbitration proceedings of claims between a reinsured and a reinsurer.


REINSURANCE COVER – an agreement between insurance company (assignor, reinsured) and other insurance company (reinsurer), according to which the reinsurer accepts the liability to automatically reinsure strictly certain risks, usually cargo and related interests during their transportations between points known beforehand, for a conditioned premium for a given period (12 months as a rule).

REINSURANCE SLIP – a document, distributed by a reinsured among potential insurers and containing a proposal to participate in facultative reinsurance of the corresponding risks. Slip usually contains: legal address of a reinsured, character of the risk, sum insured, conditions of insurance (reinsurance), premium rate, self-retention of assigning company. The reinsurer retains the right to request any information on the risk, necessary for taking the decision of reinsurance. If the reinsurer agrees to accept the risk, it puts its share of liability, initials, and sends the slip to the reinsured.

REINSURED – an insurer, accepted a risk for insurance and assigned it partially for insurance to another insurance (reinsurance) company.

REINSURER – an insurer, accepting risks of reinsurance. See assignee (cessionary).

RETROASSIGNEE – a reinsurer, accepting a risk from retroassignor.

RETROASSIGNOR – an insurer or reinsurer, assigning accepted risks to retrocession (secondary reinsurance).

RETROCESSION – a process of subsequent assignment of risks earlier accepted to reinsurance.

RETURN OF PREMIUMS (PREMIUM) – return of the insurance premium (premium) paid by the insured in full or partially by the insurer in accordance with conditions of insurance, if the insurance did not take place or by agreement of parties of the insurance agreement.

RISK - contingency, which can occur, but doesn’t have to occur and is beyond supervision;

RISK CIRCUMSTANCES – factors, by which registration of risk for the present risk aggregate is determined. Risk circumstances – conditions of risk implementation (realization), analyzed by an insurer. On the basis of risk circumstances, a tariff is determined.

RISK PREMIUM – in insurance premium is customary divided to two parts. Main part is intended for creation of necessary fund for payment of insurance indemnity amounts, connected with a risk of insurance company and called risk premium. A bonus to a risk premium serves for creation of provisions in case of extraordinary losses and reimbursement of costs for case administration.