Excess of loss reinsurance

{
  "id": "MLC-T-INS-001377",
  "term": "Excess of loss reinsurance",
  "field": "Insurance and risk management",
  "definition": "A type of reinsurance agreement where the reinsurer indemnifies the ceding insurer for the amount of loss that exceeds a predetermined retention limit. The ceding insurer bears all losses up to this retention, and the reinsurer covers the remainder up to a specified maximum. This structure protects the primary insurer from catastrophic individual claims or aggregate losses.",
  "url": "https://mlchart.com/terminology/insurance/excess-of-loss-reinsurance/"
}