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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1273 |
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The reinsured add all net losses from an event, after proportional reinsurance, and recover from the reinsurer amount exceeding the deductible of the Catastrophe excess of loss up to the upper limit of cover. The cover is subject to an accumulation event: ensured by inclusion of a two risks warranty, alternatively, the reinsurance prior to the cover is structured such that no individual loss per risk exceeds the deductible...
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The reinsured add all net losses from an event, after proportional reinsurance, and recover from the reinsurer amount exceeding the deductible of the Catastrophe excess of loss up to the upper limit of cover. The cover is subject to an accumulation event: ensured by inclusion of a two risks warranty, alternatively, the reinsurance prior to the cover is structured such that no individual loss per risk exceeds the deductible...
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