Accumulation loss
The accumulation loss is in the insurance industry , the sum of a accumulation of a plurality of individual, at different policy holders occurring damage , the regional by the same loss event caused. The individual loss events for each type of insurance are bundled here.
External impact
Large accumulation losses can be expected in the event of extensive natural disasters such as floods , for example . In order to ensure sufficient risk diversification , risks from several geographical regions and different catchment areas must be combined; to achieve greater risk collectives are hazards also generally considered inevitable, unpredictable force of nature only in the composite insurable , d. H. with simultaneous protection against flooding , earthquakes , hailstorms , avalanches , etc. a.
See also natural hazard reinsurance .
Accumulation excess reinsurance
In excess of accumulated loss reinsurance, the reinsurer bears the sum of all losses from a loss event (e.g. all vehicles of a primary insurer affected by a hailstorm in motor vehicle insurance ) from the time the priority is exceeded , insofar as a contractually agreed number of policies or risks from this event are In the course of non-proportional reinsurance treaties was exceeded.
Accumulation limit
The Kumulgrenze (also Kumulschadengrenze ) specifies the maximum amount that will be paid by an insurer for all concerned. Only six insurers, including Basler, Grazer Wechselseite and Victoria Volksbanken, have no such restriction. For the majority of insurers, however, the maximum liability amount is between just one million (Zurich / Zurich Connect) and 30 million euros (e.g. Allianz, Donau and Uniqa)
See also
literature
- Literature on accumulated damage in the catalog of the German National Library
Individual evidence
- ↑ Accumulated damage in the glossary of the German Insurance Association (GDV) ( memento of the original from March 25, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Accumulation excess in the Gabler Wirtschaftslexikon
