Mahima Singla
Active Member
Hi Team,
I am going through the Reinsurance chapter but there's something which is stuck in my mind.
As per my understanding, Excess of loss (XOL) and Individual surplus is same thing like Reinsurance is done for the above retention limit. Then how come the Reinsurance premium is different under both the cases. Could you please explain with example.
Also, please correct me if I am wrong when I say XOL and Individual surplus is same.
I am going through the Reinsurance chapter but there's something which is stuck in my mind.
As per my understanding, Excess of loss (XOL) and Individual surplus is same thing like Reinsurance is done for the above retention limit. Then how come the Reinsurance premium is different under both the cases. Could you please explain with example.
Also, please correct me if I am wrong when I say XOL and Individual surplus is same.