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Non proportional reinsurance

G

gch17

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When a cedant has to retain a proportion of risk within a layer, what exactly does this mean?
 
gch17 said:
When a cedant has to retain a proportion of risk within a layer, what exactly does this mean?
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This is when the non proportional layer that we cede to the reinsurer is shared proportionally with the cedant so as to encourage good claims handling by the cedant. E.g A 1m layer that they have both protection for may have a 20% retention so that the cedant still has a potential risk of 200k on the layer. I hope this is clear :)
 
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