Introduction to Reinsurance.pdf - Prince Lobel
Introduction to Reinsurance.pdf - Prince Lobel Introduction to Reinsurance.pdf - Prince Lobel
The Anatomy of a Reinsurance Claim Examples of Notice Clauses The Company shall give notice to the Reinsurer, as soon as reasonably practicable, of any occurrence which results in, or is likely to result in, a claim against this contract, and the Company shall keep the Reinsurers advised of all subsequent developments. Whenever a claim is reserved by the Company for a subject loss amount greater than $5,000,000.00 and/or whenever a claim appears likely, in the Company’s opinion, to result in a claim under this contract, the Company shall notify the Reinsurer.
The Anatomy of a Reinsurance Claim Reporting the Reinsurance Claim When to Report: Now? Depending on reserves? Depending on injury? Who to report to: Broker? Directly to reinsurer? What type of Reporting: “Bordereau” or Individual? Updates: Every six months or significant event.
- Page 1 and 2: April 4, 2008 Introduction to Reins
- Page 3 and 4: Overview What is Reinsurance Insu
- Page 5 and 6: Insurance/Reinsurance Similarities
- Page 7 and 8: How Reinsurance Works It spreads th
- Page 9 and 10: April 4, 2008 Types and Characteris
- Page 11 and 12: Characteristics of The Reinsurance
- Page 13 and 14: Forms of Reinsurance Pro Rata (“
- Page 15 and 16: Per Occurrence Excess Multiple Risk
- Page 17 and 18: The Anatomy of a Reinsurance Claim
- Page 19: The Anatomy of a Reinsurance Claim
- Page 23 and 24: The Anatomy of a Reinsurance Claim
- Page 25 and 26: April 4, 2008 Two Key Principles in
- Page 27 and 28: “Uberrimae Fides” or the Duty o
- Page 29 and 30: April 4, 2008 Common Problems and I
- Page 31 and 32: Right of Inspection: Virtually all
- Page 33 and 34: Non-Congruence of Insurance and Rei
- Page 35 and 36: Declaratory Judgment Actions: Alth
- Page 37 and 38: Agreements to Arbitrate and Confide
- Page 39 and 40: Agreements to Arbitrate and Confide
- Page 41 and 42: The Loss - Scenario A Mitchell's N
- Page 43 and 44: The Reinsurance Claim Big Heart In
The Ana<strong>to</strong>my of a <strong>Reinsurance</strong> Claim<br />
Reporting the <strong>Reinsurance</strong> Claim<br />
When <strong>to</strong> Report: Now? Depending on reserves?<br />
Depending on injury?<br />
Who <strong>to</strong> report <strong>to</strong>: Broker? Directly <strong>to</strong> reinsurer?<br />
What type of Reporting: “Bordereau” or Individual?<br />
Updates: Every six months or significant event.
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