Cumulative collusive excess cover

{
  "id": "MLC-T-INS-001048",
  "term": "Cumulative collusive excess cover",
  "field": "Insurance and risk management",
  "definition": "A type of reinsurance or insurance coverage that aggregates losses from multiple occurrences or policies to trigger an excess layer of protection. This cover is designed to protect against the accumulation of smaller, related losses that individually might not breach a primary layer but collectively exceed a certain threshold. It is often used for risks with potential for widespread, interconnected claims.",
  "url": "https://mlchart.com/terminology/insurance/cumulative-collusive-excess-cover/"
}