MLchartDataset catalogue

Loss portfolio transfer (LPT)

Term · Insurance and risk management · MLC-T-INS-002083

A reinsurance transaction in which an insurer cedes a portfolio of past-dated claims and the associated loss reserves to a reinsurer. The ceding company pays a premium to the reinsurer, which then becomes responsible for administering and paying the claims from that portfolio. A loss portfolio transfer (LPT) is a form of retroactive reinsurance, as it covers liabilities from policies that have already expired.

Table 1. Record
IdentifierMLC-T-INS-002083
FieldInsurance and risk management
AbbreviationLPT
Record as JSON 
{
  "id": "MLC-T-INS-002083",
  "term": "Loss portfolio transfer (LPT)",
  "field": "Insurance and risk management",
  "definition": "A reinsurance transaction in which an insurer cedes a portfolio of past-dated claims and the associated loss reserves to a reinsurer. The ceding company pays a premium to the reinsurer, which then becomes responsible for administering and paying the claims from that portfolio. A loss portfolio transfer (LPT) is a form of retroactive reinsurance, as it covers liabilities from policies that have already expired.",
  "abbreviation": "LPT",
  "url": "https://mlchart.com/terminology/insurance/loss-portfolio-transfer-lpt/"
}

Record 2,039 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.