Retakaful Solutions
Specialist Retakaful solutions across selected General Takaful, Specialty Lines and Family & Health.
7Re provides Facultative and Treaty Retakaful solutions across a diversified range of business lines.
Our underwriting approach combines technical assessment, market knowledge and commercial understanding. Each opportunity is considered on its individual merits, taking into account exposure, loss experience, structure, pricing, geography and the requirements of our capacity partners.
We work with cedants and brokers to structure solutions responding to both individual risks and portfolio-level requirements.
Our Approach
Treaty and Facultative
Treaty Retakaful
Treaty Retakaful provides capacity across an agreed portfolio or defined class of business, allowing cedants to manage volatility, protect their balance sheets and support underwriting growth.
Structures may include:
- ◆Quota Share
- ◆Surplus
- ◆Excess of Loss
- ◆Catastrophe Excess of Loss
Facultative Retakaful
Facultative Retakaful provides dedicated capacity for individual risks requiring additional support due to their size, complexity, characteristics or concentration.
7Re works with cedants and brokers on a case-by-case basis, combining responsive underwriting with a detailed understanding of the underlying exposure.
Lines of Business
7Re provides Facultative and Treaty Retakaful solutions across a diversified range of business lines. Select a category to see the classes we consider.
General Takaful
Property
7Re provides Retakaful capacity for commercial and industrial property risks across selected territories.
Our underwriting considers the individual characteristics of each risk, including occupancy, construction, protection, location, natural catastrophe exposure, loss experience and business interruption exposure.
Construction
We support construction and engineering risks ranging from individual projects to major infrastructure and industrial developments.
Our approach considers the technical characteristics of the project, contract period, location, parties involved and associated natural catastrophe and liability exposures.
Energy
7Re provides specialist capacity for selected energy risks, supporting both established and evolving areas of the energy sector.
Our underwriting approach considers operational complexity, risk management, geographical exposure and the technical characteristics of each installation.
Motor
7Re supports Motor portfolios through Treaty Retakaful solutions structured around the characteristics and performance of the underlying book.
Our assessment considers portfolio composition, historical loss experience, pricing, claims development, geographical exposure and local market dynamics.
Agriculture
Agricultural risks require a strong understanding of local conditions, climatic exposures and portfolio characteristics.
7Re works with cedants and partners to develop Retakaful solutions for selected agricultural portfolios, taking into consideration geographical concentration, historical performance and catastrophe exposure.
Marine and Aviation
7Re considers selected Marine and Aviation risks, covering physical damage and associated exposures for vessels, cargo and aircraft.
Our underwriting approach considers the type and age of vessels or aircraft, operating territories, fleet management, maintenance standards, values at risk and historical loss experience.
Specialty Lines
Cyber
7Re considers selected Cyber risks requiring specialist underwriting and a detailed understanding of evolving digital exposures.
Solutions may address both first-party and third-party exposures, subject to underwriting appetite and available capacity.
Financial Lines
7Re provides Retakaful solutions for selected financial and professional risks where specialist underwriting and tailored structures are required.
Our approach considers the nature of the insured's activities, governance, controls, claims experience and underlying legal and regulatory environment.
Liability
7Re supports selected liability portfolios and individual risks across a range of industries and professional activities.
Underwriting is based on the nature of operations, jurisdiction, limits, claims experience and the underlying contractual and legal exposures.
Protection and Indemnity (P&I)
7Re considers selected marine liability exposures associated with shipowners, operators and other maritime interests.
Coverage may include third-party liabilities arising from vessel operations, subject to underwriting appetite, applicable terms and available capacity.
Credit and Surety
7Re considers selected Credit and Surety risks requiring disciplined assessment of financial strength, underlying obligations and portfolio concentrations.
Solutions may be structured for individual risks or portfolios, depending on the nature of the exposure and available capacity.
Political Violence
7Re provides specialist Retakaful solutions for assets and business interruption exposures arising from political violence and associated perils.
Each risk is assessed according to location, values at risk, security environment, accumulation and the applicable scope of coverage.
Event Risks
7Re considers selected event-related risks requiring tailored underwriting based on the nature, location, duration and financial exposure of the event.
Family and Health
Family
7Re may support Family Takaful portfolios through Retakaful solutions designed around the characteristics of the underlying business and the protection needs of participants.
Our assessment considers portfolio composition, age profile, sums covered, product design, mortality experience, underwriting practices and geographical exposure.
Group Life
7Re may provide Retakaful support for employer-sponsored and other group protection schemes.
Underwriting considers the size and composition of the group, occupation, benefits, geographical exposure, historical experience and concentration of risk.
Credit Life
7Re may support Credit Life and financing protection portfolios designed to cover outstanding financial obligations following defined events affecting the covered individual.
Our assessment considers the underlying financing portfolio, borrower profile, benefit structure, duration, underwriting methodology and historical claims experience.
For Islamic Retakaful, this class is particularly relevant as it can support Shariah-compliant financing portfolios.
Health and Medical
7Re may provide Retakaful solutions for selected Health and Medical portfolios, supporting operators in managing claims volatility and portfolio performance.
Our underwriting approach considers membership profile, benefits, geographical scope, provider network, medical inflation, claims frequency and severity, historical loss ratios and portfolio management practices.
Personal Accident
7Re may support Personal Accident portfolios covering accidental death and disability exposures for individuals and groups.
Solutions may be structured on a Treaty or Facultative basis depending on the characteristics and size of the underlying exposure.
Critical Illness
7Re may consider selected Critical Illness portfolios providing defined benefits following the diagnosis of specified medical conditions.
Underwriting takes into account covered conditions, benefit levels, age distribution, waiting periods, underwriting standards and historical experience.
Travel and Medical Assistance
7Re may support selected Travel and Medical Assistance portfolios covering short-term health and accident exposures arising during travel.
Our Solutions
All the solutions we offer are Sharia-compliant and cater to your needs down to the very last detail.
Catastrophe Risk
Understanding accumulation is fundamental to responsible underwriting.
Natural catastrophe exposures can affect individual risks, entire portfolios and multiple territories simultaneously. Effective Retakaful therefore requires more than the assessment of risks in isolation.
7Re incorporates catastrophe exposure management into its underwriting process, with particular attention to geographical accumulation, concentration and the potential impact of major natural events.
Our approach may include exposure data review, geocoding, portfolio analysis and catastrophe modelling, where appropriate and subject to the nature and quality of available data.
Data Review
Assessment of exposure information, data completeness and consistency.
Exposure Management
Monitoring of geographical concentrations and accumulation across portfolios.
Catastrophe Modelling
Use of appropriate modelling and analytical tools to support underwriting and portfolio management.
Portfolio Analysis
Evaluation of catastrophe scenarios and portfolio-level exposure to support informed capacity deployment.