Excess Per Risk Reinsurance

Excess Per Risk Reinsurance,

How Do You Define Excess Per Risk Reinsurance?

  • It compensates the transfer company for each specific risk in each case. This coverage is purchased with some limitations and is commonly used on real estate lines.

  • Excess Per Risk Reinsurance means, A form of reinsurance of additional loss that compensates insurers, with a specific threshold for each risk associated with each loss, the amount of loss that exceeds a deductible.

Literal Meanings of Excess Per Risk Reinsurance

Excess:

Meanings of Excess:
  1. Most things are more than necessary, 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 stressed out in your life?

  2. Excessive alcohol attacks

  3. Remove excess fat from meat

Synonyms of Excess

plethora, oversufficiency, surplus, intemperance, dissoluteness, unneeded, leftover, superfluity, glut, excessiveness, lavishness, superabundance, overindulgence, superfluous, profligacy, overabundance, prodigality, self-gratification, debauchery, dissipation, redundant

Per:

Meanings of Per:
  1. For each (used with units for price expression)

  2. Divided by a line in the direction.

Sentences of Per
  1. A gas station that charges 1.29 g per gallon

  2. By jumper

  3. Made according to instructions

Synonyms of Per

as per, in agreement with, following, in fulfilment of, to, in conformity with, in keeping with, in obedience to, in accordance with, heeding, in compliance with, every, each, observing, as specified by, per, in harmony with, honouring, commensurate with, in line with, true to

Risk:

Meanings of Risk:
  1. Expose someone or anything of value for loss, damage or loss.

  2. Conditions involved in exposure to risk

Sentences of Risk
  1. Disobeying the law is very dangerous

Synonyms of Risk

gamble with, probability, wager, expose to danger, likelihood, put in danger, prospect, fear, take a chance with, put on the line, jeopardize, put at risk, endanger, venture, gamble, menace, threat, bet, imperil, chance, put in jeopardy, hazard, possibility, peril, danger

Reinsurance:

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

Sentences of Reinsurance
  1. Such incidents will make it difficult for your clients to get international insurance.