Non proportional

Under non proportional reinsurance, the reinsurer accepts losses in excess of an agreed amount, subject to an upper limit. The bases used are:

-          Excess of loss – this could be on an individual risk basis or on an occurrence basis where the aggregate loss from any one occurrence is reinsured.

Stop loss – where the direct insurers aggregate net losses for a year are reinsured if they exceed a certain amount and/or a proportion of premium income

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