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Introduction to Reinsurance.pdf - Prince Lobel

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Forms of <strong>Reinsurance</strong><br />

Pro Rata <strong>Reinsurance</strong> (Proportional)<br />

Sharing concept – Ceding company and Reinsurer<br />

share premiums and losses in a determined<br />

percentage.<br />

Excess of Loss <strong>Reinsurance</strong> (Non-Proportional)<br />

For a part of the premium, Reinsurers cover losses<br />

above a specified retention by the Ceding company, up<br />

<strong>to</strong> a predetermined limit.

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