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Q44 to Q50 are about reinsurance pool Fifty (50) reinsurers formed a reinsurance pool to underwrite an aviation insurance. Each reinsurer agreed to retain
Q44 to Q50 are about reinsurance pool Fifty (50) reinsurers formed a reinsurance pool to underwrite an aviation insurance. Each reinsurer agreed to retain RM100,000 before the losses are shared by all reinsurers in the reinsurance pool. Assume that Reinsurer-X has a policyholder (ceding insurer) incurring a loss of RM500,000. Q44 How much is the retention limit of each reinsurer? RM_ Q45 How much Reinsurer-X has to retain before the excess loss amount will be shared by all reinsurers in the reinsurance pool? RM_ Q46 How much loss amount will be shared by all reinsurers in the reinsurance pool? RM_ Q47 How much is the loss sharing ratio (expressed in fraction) each reinsurer has to assume to pay the loss amount in Q46? Q48 How much each reinsurer has to pay the loss amount in Q46? RM Q49 How much loss amount is payable by Reinsurer-X in the reinsurance pool? RM Q50 How much loss amount is payable by each of the remaining 49 reinsurers in the reinsurance pool? RM 2
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