What Does Per Risk Excess Reinsurance Mean?

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What does Per Risk Excess Reinsurance mean? Read on to discover the definition & meaning of the term Per Risk Excess Reinsurance - to help you better understand the language used in insurance policies.

Per Risk Excess Reinsurance

Per Risk Excess Reinsurance

Also known as specific, working layer, or underlying excess of loss reinsurance. A method by which an insurer may recover losses on an individual risk in excess of a specific per risk retention. Has both property and casualty applications.

We hope the you have a better understanding of the meaning of Per Risk Excess Reinsurance.

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