Klauzule prijava odstetnih zahtjeva - Bosna RE

Indeksacija šteta – kako?
Index Clause
1. In the event of any loss hereunder the Deductible of the Reinsured and the limit of liability of the
Reinsurers shall be adjusted by reference to an index, as hereinafter defined, applying at the
month of January in the manner hereinafter set out. The index of the above-mentioned date
shall be called the Base Index. [here: base date = contract year]
2. In respect of each and every loss settlement made under this treaty, the Reinsured shall submit
a list showing in respect of each and every loss, any settlement payments, indicating the
amount(s) paid and the date(s) of payment, as well as any separately calculated loss reserve.
The sum of each and every loss settlement payment, if any, plus the current loss reserve, if any,
shall for the purpose of this clause be termed the “Actual Amount of Loss Development”.
3. The “Adjusted Amount of Loss Development” shall be calculated individually for each and every
loss settlement by the following means:
(i) Paid Loss Base Index Adjusted Paid
on Day “X” x Index on Day “X” = Loss
(ii) Current O/S Base Index Current Adjusted
Loss x Index on Current = O/S Loss
Day
(iii) All Adjusted Adjusted Amount
Paid Losses +
of Loss
Current Adjusted = Development
O/S Loss
(where “X” designates the date of the respective payment and/or corresponding reserve, if any).
However, the above calculation shall only apply in respect of those loss developments where
there is a variation of more than 10% (ten percent) between the base index and the index on the
date of the loss development. In respect of all other loss developments the "Adjusted Amount of
Loss Development" shall always be equal to the “Actual Amount of Loss Development".
The Deductible of the Reinsured and the limit of liability of the Reinsurers shall then be multiplied by
the following fraction:
Actual Amount of Loss Development
Adjusted Amount of Loss Development
4. Index:
a) In respect of an award resulting in continuing regular payments the index or indices to the
applied shall be that/those to which an award is linked.
b) For all other loss developments the index to be applied shall be the Wage Index for the
country in which the claim is settled appearing in the statistics published by the
International Monetary Fund.
In the event that the publications does not contain a Wage index for the territory
concerned then the index to be applied shall be that for the Cost of Living or Retail
Prices. If the publication does not contain any indices for the territory concerned, then an
alternative publication shall be mutually agreed between the Reinsured and Reinsurers.
c) The index at the date of loss development shall be the last available index appearing in
the publications mentioned above for the month in which payment(s) is/are made.
5. The date of loss development shall be deemed to be as follows:
a) The date upon which a loss reserve is set.
b) The date upon which a payment made by the Reinsured is accepted.
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