Question

What is non-proportional reinsurance also known as?

a.

Priority reinsurance

b.

Excess of Loss reinsurance

c.

Proportional reinsurance

d.

Underlying reinsurance

Posted under IC85 Reinsurance Management

Answer: (b).Excess of Loss reinsurance Explanation:Non-proportional reinsurance is also known as Excess of Loss reinsurance, which involves the reinsurer agreeing to indemnify the reinsured for losses that exceed a specified monetary amount identified by the reinsured.

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