The is a special form of the reinsurance. It belongs into the range of the so-called not-proportional reinsurance. During during the proportional reinsurance (ratio and Summenexzedent) a proportionate portion is always backinsured, orients themselves with a not-proportional Schadenexzedenten the reinsurance at the height of the actually occurred damage. Simplified with the Schadenexzedenten a kind damage border (priority) is said as well as the height the one which can be carried of the remuneration (detention distance), maximally in the case of achievement of the agrees. For this reinsurance protection the insurance company must pay a firmly agreed upon reinsurance premium.

Example: an insurance company would like a Schadenexzedenten for damage, which exceeds an amount of 50.000 EUR. The maximum height of the remuneration at the Erstversicherer by the for each case of damage (detention distance) is agreed upon with 250.000 EUR. Three damage occurs i.H.v. 20,000 EUR, 100,000 EUR and 350,000 EUR.

1. 20,000 EUR: Since this damage lies below the priority of 50.000 EUR, it is to be carried completely from the Erstversicherer to.

2. 100,000 EUR: Erstversicherer: 50,000 EUR (priority), 50,000 EUR

3. 350,000 EUR: Erstversicherer: 100,000 EUR (priority and then the detention distance exceeding part), 250,000 EUR (full detention distance)

Articles in category "Schadenexzedentenrersicherung"

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