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LIABILITY EXCESS OF LOSS REINSURANCE
A cedant (large insurer in a large market) bought a
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TREATY REINSURANCE FOR PROJECT INSURANCE PORTFOLIO
Sydney Opera House is a famous landmark. Its construction was
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ISSUES WITH LONG-TERM NON-LIFE POLICIES
One of the very common Long-term non-life policies are Project
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CAT XL ON RISK ATTACHING DURING (RAD) BASIS
Normally CAT XL is bought on a Loss Occurring During
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Bermuda
Bermuda reminds us of beatiful beaches as well as the
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POLITICAL RISK EXCLUSION UNDER REINSURANCE TREATIES
Political risk is normally excluded under most reinsurance treaties. Political
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IMPACT OF FIRE RATE INCREASES ON GIC RE PERFORMANCE GIC RE Domestic fire earned premium in 2018-19 was INR 22150
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Yesterday, Nagarajan Girishankar in one of his posts asked about Indian D&O premium and loss data. And we can get
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The true underwriting performance of any non-life insurer is it Gross Loss Ratio. Gross Loss Ratio = (Gross Incurred Claims/Gross
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Why Property Underwriters should regularly pray & have strong belief in GOD A large IAR policy is due for renewal
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Sunday Blog-Down the memory lane I was heading Property Underwriting & Risk Management in a Direct insurer. By then, I
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I had spent the first 11 years of my career in the Public Sector and the next 24 years in
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Health Insurance in 2023-24 constitutes over 40% of the non-life insurance premium. It includes Individual Health, Group Health, Government Schemes
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The following are the loss ratios of Group Health for the four-year period from 2019-20 to 2022-23: Public Sector: 106%,
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Health Insurance is a long-term product. Non-Life Insurers mindset is short-term. They are used to annual policies. They have inability
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I had bought an indemnity-based health insurance policy from a life insurer in 2009. That was the short period in
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Star Health Insurance: Quarter 3 FY 2023-24 Results Analysis Topline Growth:16.5% Bottomline Growth: 38.1% Brilliant results in an industry
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The General Insurance Council introduced “Cashless Everywhere”. Health insurance customers can choose from over 40,000 hospitals across India to get
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14th & 15th December 2023, BSE Index went up by around 2%. However, Listed Life Insurers on an average fell
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Let’s consider the below news that appeared in 2016: QUOTE An arbitration tribunal in Singapore has ruled in favour of
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In yesterday blog, I mentioned about the Section Warranty. I had mentioned one of the many wordings used by the
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We see large number of Warranties and Clauses in Project Insurance Policies. Wordings of these Warranties and Clauses are brilliantly
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CAR and EAR policies are Project Insurance Policies. In projects, Contractors Plant and Machinery (CPM) like Cranes, Forklifts, etc are
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Many insurers in California had cancelled many home insurance policies in the last one year. More home buyers were forced
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Los Angeles County in California is seeing huge wildfires and firefighters are struggling to contain it. While it is too
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If we analyze the Property portfolio of most insurance companies over the last decade, we will notice that the impact
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I made a statement in yesterday blog that I am doubting the Authenticity of the document floating in social media
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Minimum rates are floating on social media. Not sure about their authenticity (when an XOL treaty talks of restriction on
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In Insurance of Wet Risks, Normal action of the sea is excluded. Normal action of the sea may be defined
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Have you ever seen a reverse two risk warranty in a Risk XL? I have never seen any RISK XL
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I have always wondered why Reinsured’s buy the layer with Swing Rate? Are they not better off retaining that layer?
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Stop Loss is one of the non-proportional reinsurance solutions. In non-proportional reinsurance, there is an attachment point and a Limit.
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Insurer X has retention under Surplus Treaty of USD 50 million PML and has 9 lines Surplus Treaty. They bought
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One of the insurers has written a large project with Total Sum Insured = USD 1000 million, The insurer has
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Why should any individual buy a particular insurance policy? Insurance is a Risk Management tool. If an incident in the
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If we leave the Motor, Health, and Crop portfolio, Fire is the largest portfolio for any Indian Insurer. It is
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Insurance losses develop over years. Estimates of outstanding losses at end of each financial year are provided by each insurance
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