Influence Insurance Co. is interested in purchasing reinsurance which will allow them to keep their overall...

Influence Insurance Co. is interested in purchasing reinsurance which will allow them to keep their overall loss ratio for 2020 below 110%. Given this information, which type of reinsurance would BEST address this objective? aggregate excess of loss per occurrence / catastrophe excess of loss predetermined maximum excess of loss per risk / per policy excess of loss

Expert Solution

Excess of loss reinsurance is a type of reinsurance in which the reinsurer indemnifies–or compensates–the ceding company for losses that exceed a specified limit.

Hence, option (b) is correct

jeff jeffy answered 2 years ago

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