MLchartDataset catalogue

Coded excess

Term · Insurance and risk management · MLC-T-INS-003610

A method of pricing excess of loss reinsurance in which the reinsurer charges a separate rate for each successive layer of the underlying policy limits instead of one averaged rate across the whole range. Each layer's premium reflects the loss exposure at that level, which gives a closer match between price and risk than a blended rate does.

Table 1. Record
IdentifierMLC-T-INS-003610
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003610",
  "term": "Coded excess",
  "field": "Insurance and risk management",
  "definition": "A method of pricing excess of loss reinsurance in which the reinsurer charges a separate rate for each successive layer of the underlying policy limits instead of one averaged rate across the whole range. Each layer's premium reflects the loss exposure at that level, which gives a closer match between price and risk than a blended rate does.",
  "url": "https://mlchart.com/terminology/insurance/coded-excess/"
}

Record 585 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.