Aggregate Excess Of Loss Reinsurance

Aggregate Excess Of Loss Reinsurance,

Aggregate Excess Of Loss Reinsurance: What is the Meaning of Aggregate Excess Of Loss Reinsurance?

A form of reinsurance that allows the reinsurer to participate if the total losses of the primary insurance company exceed a certain deduction.

Literal Meanings of Aggregate Excess Of Loss Reinsurance

Aggregate:

Meanings of Aggregate:
  1. Create forms or groups in classes or groups.

  2. A whole that is made up of a combination of many (usually different) elements.

  3. A material or structure consisting of a loose mass of particles or fragments.

  4. Formation or calculation by combining several units or individual elements as a whole

Sentences of Aggregate
  1. Butterflies gather in dense groups.

  2. The council is a combination of three regional assemblies.

  3. A sample is a collection of stones and minerals.

  4. The total amount of benefits paid

Synonyms of Aggregate

conglomerate, consider together, overall, pool, put, collect, consolidate, coalesce, comprehensive, composite, quantity, fuse, aggregate, cluster, combined, bunch, clump, whole, merge, collection

Excess:

Meanings of Excess:
  1. Much of everything is superfluous, permitted or required.

  2. Lack of moderation in any activity, especially when it comes to eating and drinking.

  3. Exceeding the specified or required amount.

Sentences of Excess
  1. Are you under a lot of stress in your life?

  2. More alcohol attacks

  3. Remove excess fat from meat.

Synonyms of Excess

overabundance, decadence, profusion, self-indulgence, spare, excessive, glut, plethora, leftover, lack of restraint, unneeded, superfluous, oversufficiency, unused, extravagance, dissoluteness, prodigality, unwanted, profligacy, debauchery, surfeit, superabundance

Of:

Meanings of Of:
  1. It shows the relationship between the part and the whole.

  2. Indicates the relationship between scale or size and value.

  3. Indicates the relationship between two institutions, usually an association.

  4. It shows the relationship between the address and the reference point.

  5. It represents the relationship between a general category or type and a particular object belonging to that category.

  6. After a noun that comes from or is related to a verb.

  7. Shows the relationship between a verb and an indirect object.

  8. Identify the component or substance that makes the difference.

  9. Express the hour for the next hour.

Sentences of Of
  1. 5% increase

  2. North of Chicago

  3. Nice to meet you.

  4. In New York, only a quarter to three.

Synonyms of Of

caused by, from, in, by, done by, of, carried out by, made by

Loss:

Meanings of Loss:
  1. The fact or action of losing something or someone.

Sentences of Loss
  1. Avoid wasting time

Synonyms of Loss

misplacement, overlooking, dropping, forgetting, mislaying

Reinsurance:

Meanings of Reinsurance:
  1. An agreement in which the insurer transfers all or part of the risk to another insurer to protect themselves from the risk of the first insurance.

Sentences of Reinsurance
  1. Events like these will make it harder for your customers to get international insurance.

Aggregate Excess Of Loss Reinsurance,

Aggregate Excess Of Loss Reinsurance means,

  1. A form of reinsurance obtained by the reinsurer if the total additional loss of the primary insurer exceeds a certain deduction.

Literal Meanings of Aggregate Excess Of Loss Reinsurance

Aggregate:

Meanings of Aggregate:
  1. A whole is made up of a combination of many different elements.

  2. A material or structure that has a slightly compressed mass of fragments or particles.

  3. The combination or calculation of many different elements as a whole

Sentences of Aggregate
  1. A specimen is a collection of boulders and minerals.

  2. The social professional group includes men who take part in similar professions.

Synonyms of Aggregate

mix, jumble, added, alloy, conjunction, entire, compound, gross, total, amalgam, mixed bag, marriage, accumulated, mass, full, bundle, assemblage, blend, heap, build-up

Excess:

Meanings of Excess:
  1. Excess, permission or required.

  2. Lack of moderation, especially when eating or drinking.

  3. Part of the claim has to be paid by the insured.

  4. Exceeds specified or required amount.

  5. Required as additional payment.

Sentences of Excess
  1. We deduct losses and pay up to the policy limit.

  2. The total price must be paid very high.

Synonyms of Excess

leftovers, overspill, remnants, dissolution, surplus, additional, difference, enough and to spare, overflow, intemperateness, residue, immoderation, lavishness, too much, redundant, superfluity, dissipation, overindulgence, excessiveness, intemperance, reserve, overconsumption, remaining quantity, self-gratification, residuum, more than enough, leavings, nimiety

Of:

Meanings of Of:
  1. Expresses the relationship between part and whole.

  2. Indicates an affiliation between two entities, usually one of the affiliation, where the first is the header of the sentence and the second is the affiliation.

  3. Expresses the relationship between direction and reference point.

  4. Indicates the relationship between a general category or type and a particular object belonging to that category.

  5. Derived from a verb or after a related noun.

  6. The spelling ob is mixed with F before (as offensive).

Sentences of Of
  1. North of Watford

Loss:

Synonyms of Loss

disappearance, waste, depletion, dissipation, impoverishment, erosion, forfeiture, privation, losing, reduction, deprivation, diminution, squandering

Reinsurance:

Sentences of Reinsurance
  1. The company has three types of reinsurance agreements:

Aggregate Excess Of Loss Reinsurance,

How To Define Aggregate Excess Of Loss Reinsurance?

  • A form of reinsurance by a reinsurer if the total additional loss to the primary insurer exceeds a certain amount of holding tax.

Literal Meanings of Aggregate Excess Of Loss Reinsurance

Aggregate:

Meanings of Aggregate:
  1. A material or structure that consists of a loose compressed mass of fragments or particles.

  2. As a whole, many different elements were combined to form or count.

Sentences of Aggregate
  1. The specimen is a combination of rock fragments and minerals.

  2. The total amount of the scholarship paid

  3. The socio-professional group includes men who share the same professions.

Synonyms of Aggregate

accumulation, mixture, agglomeration, miscellany, synthesis, complete, concentration, pile, hotchpotch, combination

Excess:

Meanings of Excess:
  1. Need, permission, or much more than required.

  2. Part of the claim must be paid to the insured.

  3. As an additional payment is required.

Sentences of Excess
  1. We reduce loss deductions and pay up to the policy limit.

  2. The total cost to pay is too high.

Synonyms of Excess

remainder

Of:

Meanings of Of:
  1. Identifying the association between two entities, usually an affiliation, the title of the first sentence and something related to it.

  2. The spelling ob is merged before f (as is the case).

Sentences of Of
  1. In New York, only a quarter of three

Reinsurance:

Meanings of Reinsurance:
  1. An agreement in which an insurer transfers all or part of the risk to another insurer to protect himself from the risk of the first insurance.