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
Meanings of Excess:
Most things are more than necessary, permitted or required.
Lack of moderation in any activity, especially when it comes to eating and drinking.
Exceeding the specified or required amount.
Sentences of Excess
Are you stressed out in your life?
Excessive alcohol attacks
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
Meanings of Per:
For each (used with units for price expression)
Divided by a line in the direction.
Sentences of Per
A gas station that charges 1.29 g per gallon
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
Meanings of Risk:
Expose someone or anything of value for loss, damage or loss.
Conditions involved in exposure to risk
Sentences of Risk
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
Meanings of Reinsurance:
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
Such incidents will make it difficult for your clients to get international insurance.