( Insurance : Reinsurance )
risk, excess, loss1, loss2
Under risk excess of loss reinsurance, the insurer remains liable only for risks up to a maximum amount per
claim, which enables an insurer to underwrite risks that it could not otherwise manage.
Risk excess of loss insurance is used when the primary insurer wants to limit his loss per risk or policy.
Risk excess of loss is a type of reinsurance that is given to an insurer to protect against a single
loss or risk incurred at a specified amount.
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