J
jensen
Member
Hi
The question asks us to calculate the insurer and reinsurers' share of different claim sizes according to its cessions.
If the claim amount is greater than its PML, is it normal that the reinsurers and insurers bear share the claim amount? Or, is the error (difference) borne by the insurer alone?
Thanks.
The question asks us to calculate the insurer and reinsurers' share of different claim sizes according to its cessions.
If the claim amount is greater than its PML, is it normal that the reinsurers and insurers bear share the claim amount? Or, is the error (difference) borne by the insurer alone?
Thanks.