Nonproportional reinsurance

Term · Insurance and risk management · MLC-T-INS-002353

A type of reinsurance where the reinsurer's liability is not directly proportional to the original insurer's liability for each individual risk. Instead, the reinsurer pays only when losses exceed a predetermined amount, known as the retention or attachment point. This arrangement protects the primary insurer from large or catastrophic losses, such as those exceeding a certain dollar threshold per event.

Table 1. Record
Identifier	MLC-T-INS-002353
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002353",
  "term": "Nonproportional reinsurance",
  "field": "Insurance and risk management",
  "definition": "A type of reinsurance where the reinsurer's liability is not directly proportional to the original insurer's liability for each individual risk. Instead, the reinsurer pays only when losses exceed a predetermined amount, known as the retention or attachment point. This arrangement protects the primary insurer from large or catastrophic losses, such as those exceeding a certain dollar threshold per event.",
  "url": "https://mlchart.com/terminology/insurance/nonproportional-reinsurance/"
}

Record 2,330 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.