TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

EXCESS LOSS REASSURANCE [1 record]

Record 1 2010-06-21

English

Subject field(s)
  • Reinsurance and Coinsurance
DEF

A form of reinsurance whereby the reinsuring company reimburses the ceding company for the amount and only the amount of loss the ceding company suffers over and above an agreed aggregated sum in any one loss or in a number of losses arising out of any one event.

Key term(s)
  • excess reassurance
  • excess of loss reassurance
  • excess loss reinsurance
  • excess loss reassurance

French

Domaine(s)
  • Réassurance et coassurance
DEF

[...] réassurance dans laquelle le réassureur prend en charge pour tout un portefeuille et moyennant une prime globale les sinistres qui dépassent une somme déterminée.

Spanish

Campo(s) temático(s)
  • Reaseguro y coseguro
DEF

Aquel en que el reasegurador, con relación a determinado ramo o modalidad de seguro, participa en los siniestros de la cedente cuyo importe exceda de una determinada cuantía preestablecida a tal efecto.

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