Page 316 - Reinsurance Management IC85

Reinsurance Management

made or loss discovered by the original
insured. This caters for long-tail liability
policies where it may be difficult to determine
the precise date of loss.

Q8. As a reinsurance broker you have been
asked to obtain quotes for a property risk
excess of loss programme for your client -
they have always used proportional treaties
in the past. Explain the information you
require in order for you to obtain a quote.

Ans: Information needed:
u maximum and average lines written;
u split between industrial and commercial risks;
u specific exclusions;
u large losses over last five years;
u premium income over last five years and estimate
for current and new year;
u underwriting results/cash flow last five years;
u portfolio structure in bands;
u geographical scope of business written;

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