This is an agreement whereby the non-proportional reinsurer is obliged to repay an amount – a part of the premium income – if the protection is claim-free.
In principle this corresponds to the profit commission under a proportional treaty.
This is an agreement whereby the non-proportional reinsurer is obliged to repay an amount – a part of the premium income – if the protection is claim-free.
In principle this corresponds to the profit commission under a proportional treaty.