Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Walaa Insurance Company has a surplus reinsurance treaty with Munich Re reinsurance company with retention limit of 1,500,000 SR from the sum insured. The maximum

Walaa Insurance Company has a surplus reinsurance treaty with Munich Re reinsurance company with retention limit of 1,500,000 SR from the sum insured. The maximum capacity of the surplus treaty is 8 lines. Also, they agreed with Swiss re to have a per risk excess of loss of 1,300,000 Xs 200,000. Assume that Walaa covers a property of 12,000,000 SR and there was a loss equals of 8,000,000 SR.
Find the share of each company in paying the claim
use the " per risk excess of loss -surplus "

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Analysis For Financial Management

Authors: Robert C Higgins

8th International Edition

0071257063, 9780071257060

More Books

Students also viewed these Finance questions