Reinsurance

Discussion in 'SP2' started by Mahima Singla, Aug 29, 2023.

  1. Mahima Singla

    Mahima Singla Active Member

    Hi Team,

    I have a doubt related to Reinsurance (1).

    The core reading from page 8 says that Reinsurance commission is not significant for risk premium reinsurance but it is significant for original terms reinsurance.

    I understand what reinsurance commission is but I am not understand it's significance under different type of reinsurance contract. Please help and thanks in advance
     
    Mahima Singla, Aug 29, 2023
    #1
  2. Mark Willder

    Mark Willder ActEd Tutor Staff Member

    Hi Mahima

    Yes individual surplus and individual excess of loss could look the same in SP2. This is because the sum assured is fixed.

    However the premium calculation may be different if the premium is calculated using original terms for individual surplus and/or if there is reinsurance commission.

    Best wishes

    Mark
     
    Mark Willder, Aug 29, 2023
    #2
  3. Mahima Singla

    Mahima Singla Active Member

    Hi Mark,

    I think you have copied the same answer to my other query here too.
     
    Mahima Singla, Aug 29, 2023
    #3

Share This Page