11. Reinsurance is good for insurance business:
The biggest benefit of reinsurance is that it aids in the upliftment of insurance business. It enables every insurer to strengthen their insurance business as the total risk will be distributed among other reinsurers.
12. It’s a valuable investment:
Who better understands the value of insurance than the insurance companies themselves. Thus, insurance companies intuitively understand the importance of investing in insuring themselves and their reputation.