We as a company only write Life RI policies. We purchase outward RI to cover these "Life RI" policies. Given the nature of the transaction, we are unsure whether the outward RI would be classified as general or life as the Life RI Inwards policies are not covering a life policy per say, but QBE as a reinsurer accepting the risk of life insurance policies from a ceding company (the direct insurer).

Outwards reinsurance should be classified according to the nature of the risk transferred from the underlying contracts being reinsured. Therefore, an outward reinsurance policy providing coverage for an inward life reinsurance policy should be considered as a life reinsurance policy.