Which is best for you?
Reinsurance Optionsto Transfer
yourUmbrella PolicyExposure
Ask yourselfthe following questions
when determining the structure for
yourUmbrella exposure…
? ??
Basedon youranswers, should youhave
a per policy or per occurrenceumbrella treaty?
Per Policy Reinsurance Umbrella Treaty
Reflects the unique characteristics of Umbrella risks.
The retention, limit and rat...
More flexibilityand choices of structureAllow youto keepor cede
more exposure and premium dependingon
profitabilityof busi...
Umbrella Loss severity and volatilityare contained
withinthe separate umbrellatreaty, thereby not impacting
reinsurance te...
The reinsurance occurrence limit reflects
the umbrella policy limit, eliminating
the risk of breaching treaty aggregate li...
The occurrence definitionwithinthe Umbrella treaty
is aligned with policy language, possibly leading to
broader coverage a...
Reinsurance Premiums tend to be more
predictable and stable as they are based on
expected umbrella loss over time.
Benefit...
Combines a variety of insurance productsand applies a common set of terms.
Reinsurance occurrence limitsand retentions are...
One set of coverage terms and a single retention
across all lines of business affords administrative ease in
underwriting,...
The stability of knowing the maximum retainedloss
for any one occurrence (e.g., clash protection)
Benefits of a Per Occurr...
Dependingon your umbrella experience,
pricing all lines collectivelymay resultin
an upfront umbrella discountnet of ceding...
A claim involving both a primary and umbrellapolicy
could involve less coverage friction
as a single retention is applied ...
Large regional carriers withcasualty retentions equalto
or higher than their primary GL or Property product limits
might f...
Comparison
Exposure
Based Price
Discounted
Price
tailored “all-in-one”
more
predictability
Greater
volatility
More product...
No one optionis always
cheaper, easier, better-suited or predictable.
The specifics will depend on your book of business
a...
We hope this overview is helpful in thinking
throughUmbrella reinsurance alternatives.
mslowin@genre.come+1 312 526 7546p
...
What Are Your Options to Reinsure Your Umbrella Business?
What Are Your Options to Reinsure Your Umbrella Business?
What Are Your Options to Reinsure Your Umbrella Business?
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What Are Your Options to Reinsure Your Umbrella Business?

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What’s the right reinsurance strategy for umbrella exposures – per policy or per occurrence?

Read the full blog post here: http://www.genre.com/knowledge/multimedia/what-are-your-options-to-reinsure-your-umbrella-business-presentation.htm

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What Are Your Options to Reinsure Your Umbrella Business?

  1. 1. Which is best for you? Reinsurance Optionsto Transfer yourUmbrella PolicyExposure
  2. 2. Ask yourselfthe following questions when determining the structure for yourUmbrella exposure… ? ??
  3. 3. Basedon youranswers, should youhave a per policy or per occurrenceumbrella treaty?
  4. 4. Per Policy Reinsurance Umbrella Treaty Reflects the unique characteristics of Umbrella risks. The retention, limit and rate are not affected by other Casualty business.
  5. 5. More flexibilityand choices of structureAllow youto keepor cede more exposure and premium dependingon profitabilityof business and corporate riskappetite. Benefits of a Per Policy Umbrella Treaty
  6. 6. Umbrella Loss severity and volatilityare contained withinthe separate umbrellatreaty, thereby not impacting reinsurance terms on other casualtylines of business. Benefits of a Per Policy Umbrella Treaty
  7. 7. The reinsurance occurrence limit reflects the umbrella policy limit, eliminating the risk of breaching treaty aggregate limits. Benefits of a Per Policy Umbrella Treaty
  8. 8. The occurrence definitionwithinthe Umbrella treaty is aligned with policy language, possibly leading to broader coverage and more recovery. Benefits of a Per Policy Umbrella Treaty
  9. 9. Reinsurance Premiums tend to be more predictable and stable as they are based on expected umbrella loss over time. Benefits of a Per Policy Umbrella Treaty
  10. 10. Combines a variety of insurance productsand applies a common set of terms. Reinsurance occurrence limitsand retentions are shared among all products offered by the company. Per Occurrence Reinsurance Umbrella Treaty
  11. 11. One set of coverage terms and a single retention across all lines of business affords administrative ease in underwriting,accounting and claims. Benefits of a Per Occurrence Umbrella Treaty
  12. 12. The stability of knowing the maximum retainedloss for any one occurrence (e.g., clash protection) Benefits of a Per Occurrence Umbrella Treaty
  13. 13. Dependingon your umbrella experience, pricing all lines collectivelymay resultin an upfront umbrella discountnet of ceding commission. Benefits of a Per Occurrence Umbrella Treaty
  14. 14. A claim involving both a primary and umbrellapolicy could involve less coverage friction as a single retention is applied to the entire loss. Benefits of a Per Occurrence Umbrella Treaty
  15. 15. Large regional carriers withcasualty retentions equalto or higher than their primary GL or Property product limits might find this structureof particularvalue. Benefits of a Per Occurrence Umbrella Treaty
  16. 16. Comparison Exposure Based Price Discounted Price tailored “all-in-one” more predictability Greater volatility More product support Ease and consistency
  17. 17. No one optionis always cheaper, easier, better-suited or predictable. The specifics will depend on your book of business and the appetite you have to take risk.
  18. 18. We hope this overview is helpful in thinking throughUmbrella reinsurance alternatives. mslowin@genre.come+1 312 526 7546p © 2016 General Re Corporation | This presentation is intended to provide background information to our clients and professional staff. It is time sensitive and may need to be revised and updated periodically. brooke_cote@genre.come+1 203 328 6149p MariaSlowinski Contact us for more information: BrookeCote UMBRELLASPECIALISTAND ACCOUNTEXECUTIVE TREATYMARKETINGMANAGER -MIDWEST

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