Bharat Gahlotbharat gahlot asked 2 years ago
1 Answers
RaviRavi Staff answered 2 years ago

in co-insurance insure (person insured)  knows that 2 or more companies are taking responsibility.
in reinsurance , primary responsibility is of first insurance company, and at the back reinsurance company  reimburses claim money. In this arrangement, insure (person insured) generally doesn’t know about reinsurance company.