Aggregate excess of loss reinsurance is a form of reinsurance that stipulates participation by the...
Aggregate excess insurance provides coverage once the total claims for an annual period exceed a predetermined retention amount.
The retention can be stated as a flat dollar amount (often calculated as a percentage of expected losses), as a percentage of standard premium, or in terms of a specific loss ratio.
Aggregate excess of loss reinsurance is a form of reinsurance that stipulates participation by the...