Non-proportional reinsurance

In insurance, non-proportional reinsurance is the division of any loss between the primary insurer and the reinsurer . In non-proportional reinsurance, no proportional risks are ceded by actuarial units , but claims payments from the primary insurer are divided: in the event of a loss, the primary insurer pays a maximum of a certain amount (so-called priority) and the reinsurer pays the part that exceeds this priority (so-called over damage, layer or excess damage).

to form

• Excess loss reinsurance

• Individual excess of loss (Per Risk XL, also Excess of Loss (XoL) or Working XL)
• Accumulation excess (Cat XL)
• Annual excess loss (stop loss)
• Umbrella cover
• Maximum damage
• Second risk

See also

• Proportional reinsurance

swell

• Peter Liebwein: Classic and modern forms of reinsurance. VVW, Karlsruhe 2000.