Abstract
The authors examine variations in event definitions and commutation clauses which are commonly encountered in casualty catastrophe reinsurance contracts in the market today. Changes in these aspects of the contract may affect the exposures the reinsurer is asked to cover. In this article, the variations are contrasted with special emphasis given to the effects this may have on the pricing/underwriting process.
Volume
Spring
Page
201-218
Year
1997
Categories
Business Areas
Reinsurance
Aggregate Excess/Stop Loss
Financial and Statistical Methods
Risk Pricing and Risk Evaluation Models
ROE
Financial and Statistical Methods
Aggregation Methods
Publications
Casualty Actuarial Society E-Forum
Prizes
Reinsurance Prize
