Designing Database for a

reinsurance/ retrocession
house
PRESENTED TO: PRESENTED BY:
DR. G. KRISHNAMURTHY GROUP -8 A S H I S H K U M A R S WA M I
MANDEEP SINGH
ADITI BEHERA
ANKIT SETHI
S U R E S H PA L
Contents
1. Introduction
Introduction
•Reinsurance occurs when multiple insurance companies share risk by purchasing insurance
policies from other insurers to limit their own total loss in case of large amount of insurances or
one company cannot bear complete repayment amount like in case of disaster.

•Retrocession is a type of insurance wherein a reinsurance company takes on part of the risk
assumed by another reinsurance company. Similar to reinsurance, retrocession also aims to
reduce risk and the liability burden of the initial reinsurer by spreading out the risk to other
reinsurance companies.
Block diagram
WORKFLOW

DIAGRAM
Property Table Customer Table Marine Table
Category ID Policy ID of Insurer Category ID
Policy ID of Insurer Internal policy ID Internal policy ID
Internal policy ID Percentage of policy coverage Marine Name
Policy risk out of 5
Property Name Marine ID
Claim valid flag
Property ID Retrocession flag
Marine actual value
Property actual value Full claim for area code Marine insurance amount
Property insurance amount Category ID Marine category
Property category Claim amount(in case of mis
Claim amount(in case of mis Casualty Table happening)
happening) Category ID Amount received against the
Amount received against the policy Internal policy ID policy
Casualty category
Damage coverage area Damage coverage area
Policy actual value
Company Name Insured amount Company Name
Company ID Claim amount(in case of mishappening) Company ID
Amount received against the policy Location
Location Damage coverage area
Contact No. Company Name Contact No.
Policy start date Company ID Policy start date
Location Policy end date
Policy end date Contact No.
Policy Claim Amount Policy start date Policy Claim Amount
Policy area code Policy end date Policy area code
Policy Claim Amount Policy type(Individual or
Policy type(Individual or Company)
Policy area code
Policy value Policy type(Individual or Company) Company)
Policy value Policy value
Thank You.