التأمين المشترك كآلية لضمان كبرى الأخطار

Abstract EN

This study aims to introduce one of the most important legal mechanisms that insurance companies adopt to ensure major industrial risks, which is a co-insurance contract that is in fact considered as the participation of several insurers to cover the same risk, under a unique insurance contract, where one of the insurers who contributes in covering the insured risk will manage and implement this contract.

It is called the primary insurer and it is assigned by the rest of the other involved insurance companies to cover the insured risk, where the conclusion of the contract has several effects: The need to designate an insurer to undertake the implementation and operation of the contract for the duration of its validity, the lack of solidarity among all insurers, in addition to the responsibility of any contracting party, or mediation in its conclusion.

The tasks that the primary insurer undertakes in this framework are limited to: concluding a co-insurance contract whereby he negotiates with clients, and then he concludes the contract, amends and renews it as the expiry date of the contract approaches, managing these contracts by taking charge of premium payments, paying compensation, settling accidents, and initiating solutions claims in some branches of insurance.