Q14
For i. Risk attaching reinsurance treaty where underlying policies all have 12-month coverage periods
if the question is loss-occuring reinsurance treaty, it shall be applying PAA method as coverage period is 1 year only.
what if Risk attaching reinsurance treaty where underlying policies all have 6-month coverage periods ?
Comments
yes, but you'd be hard pressed to find any policies with 6 month coverage periods tho
What do risk attaching and loss occuring reinsurance contracts mean?
risk attaching means the reinsurer assumes all risks written in a given period. Loss occurring means that the reinsurer only covers losses that occur during a given period