From the legal standpoint, reinsurance is a contract or agreement in which the reinsured party (direct insurer) transfers to a reinsurance company the risk, in part or as a whole, originally accepted, in exchange for the payment of a premium.

Proportional

AGROASEMEX works with the modality of Shared Quota and Facultative Reinsurance in which it participates with an equal share of insured amounts, premiums and losses in a percentage previously agreed with the insurer.

Not Proportional Excess of Lost

In this plan, the reinsurer takes the risks that exceed those insured by the insurer (priority) in a given loss based upon an agreed percentage.