What does Retrospective Aggregates mean? Read on to discover the definition & meaning of the term Retrospective Aggregates - to help you better understand the language used in insurance policies.
Transfer of a portfolio of retroactive insurance risk or self-insured balances insuring the incurred but not reported (IBNR) and incurred but not enough (IBNE) all risks ceded for an agreed price.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Retrospective Aggregates. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: