Naman Jain
Made first post
Hi,
I want to understand the difference between surplus reinsurance and risk XL as in both the scenarios the reinsurer would pay excess amount over the insurer's retention limit on individual lives.
In stop loss XL or aggregate XL the reinsurer's payment is still over the retention limit in aggregate basis but in risk XL the payment is on individual risk so not sure how this is different from surplus reinsurance.
Thanks.
I want to understand the difference between surplus reinsurance and risk XL as in both the scenarios the reinsurer would pay excess amount over the insurer's retention limit on individual lives.
In stop loss XL or aggregate XL the reinsurer's payment is still over the retention limit in aggregate basis but in risk XL the payment is on individual risk so not sure how this is different from surplus reinsurance.
Thanks.