Coverage of risks stemming from climate-related perils set out in Appendix A to this Annex ceded by the insurer to the reinsurer. The coverage is set out in an agreement between insurer and reinsurer specifying the insurers’ products (“underlying product”) from which the ceded risks originate. A reinsurance intermediary(712) may be involved in the preparation or conclusion of the contractual agreement between the insurer and the reinsurer.
The economic activities in this category could be associated with NACE code K65.20 in accordance with to the statistical classification of economic activities established by Regulation (EC) No 1893/2006.
","naceCodes":["K65.20"]}