S
sma09gc
Member
Hi,
Whilst learning acronyms I’ve come across a couple of things that I don’t really understand, and wondered if someone could explain them to me in a more simplified way:
Stop loss - what does ‘amount of recoverable later returned by cedant’ mean?
Risk loading - what does ‘the marginal impact on capital of writing a risk and load for the required rate of return on the additional capital required to write that risk’ mean?
Any help greatly appreciated, don’t want to be writing things I don’t understand. Thanks!
Whilst learning acronyms I’ve come across a couple of things that I don’t really understand, and wondered if someone could explain them to me in a more simplified way:
Stop loss - what does ‘amount of recoverable later returned by cedant’ mean?
Risk loading - what does ‘the marginal impact on capital of writing a risk and load for the required rate of return on the additional capital required to write that risk’ mean?
Any help greatly appreciated, don’t want to be writing things I don’t understand. Thanks!