Question
a.
To provide protection for accumulation on shore.
b.
To fully utilize the retention capacity of the insurer in all cases.
c.
To protect the retained liability against the larger claims through working excess of loss covers.
d.
To provide a satisfactory solution only where the pattern of exposures per vessel shows clustering around a certain level.
Posted under IC85 Reinsurance Management
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Q. Why is it common practice to place excess of loss cover on a per voyage per event basis?
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