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    Loss-Aggregate Part II

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    Blimundo
    This document discusses loss sensitive provisions in reinsurance contracts. Loss sensitive provisions vary the ceded premium, loss, or commission based on the loss experience of the contract, with the purpose of incentivizing clients to care about the reinsurer's results by sharing in the ceded experience. Typical loss sharing provisions mentioned include profit commissions, sliding scale commissions, loss ratio corridors, annual aggregate deductibles, swing rated premiums, and reinstatements.

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    Loss-Aggregate Part II

    Uploaded by

    Blimundo
    13 views1 page
    This document discusses loss sensitive provisions in reinsurance contracts. Loss sensitive provisions vary the ceded premium, loss, or commission based on the loss experience of the contract, with the purpose of incentivizing clients to care about the reinsurer's results by sharing in the ceded experience. Typical loss sharing provisions mentioned include profit commissions, sliding scale commissions, loss ratio corridors, annual aggregate deductibles, swing rated premiums, and reinstatements.

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    Loss-Aggregate Part II

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    This document discusses loss sensitive provisions in reinsurance contracts. Loss sensitive provisions vary the ceded premium, loss, or commission based on the loss experience of the contract, with the purpose of incentivizing clients to care about the reinsurer's results by sharing in the ceded experience. Typical loss sharing provisions mentioned include profit commissions, sliding scale commissions, loss ratio corridors, annual aggregate deductibles, swing rated premiums, and reinstatements.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    13 views1 page

    Loss-Aggregate Part II

    Uploaded by

    Blimundo
    This document discusses loss sensitive provisions in reinsurance contracts. Loss sensitive provisions vary the ceded premium, loss, or commission based on the loss experience of the contract, with the purpose of incentivizing clients to care about the reinsurer's results by sharing in the ceded experience. Typical loss sharing provisions mentioned include profit commissions, sliding scale commissions, loss ratio corridors, annual aggregate deductibles, swing rated premiums, and reinstatements.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    of 1

    Introduction to Loss Sensitive

    Provision
    Definition: A reinsurance contract provision that varies

    the ceded premium, loss, or commission based upon the


    loss experience of the contract
    Purpose: Client shares in ceded experience & could be
    incented to care more about the reinsurers results
    Typical Loss Sharing Provisions
    Profit Commission
    Sliding Scale Commission
    Loss Ratio Corridors
    Annual Aggregate Deductibles
    Swing Rated Premiums
    Reinstatements

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