Loss ratio coverage

{
  "id": "MLC-T-INS-002086",
  "term": "Loss ratio coverage",
  "field": "Insurance and risk management",
  "definition": "A reinsurance cover, also called stop loss or excess of loss ratio cover, that pays the ceding insurer when its net loss ratio for a period exceeds an agreed attachment percentage, up to a stated limit. It protects against an accumulation of claims across many risks rather than a single large loss, in contrast with per-risk or per-occurrence excess of loss covers.",
  "url": "https://mlchart.com/terminology/insurance/loss-ratio-coverage/"
}