2.6.1.
Claims
Up one level
A claim is more than a number.
It is possible to generate the following claim types:
- attritional
- single
- event
Each claim consists of a value and a date. Ceded claims keep a reference to the original claim. Furthermore event claims have a reference to the event they belong too.
Actually the different claim types are required for reinsurance modeling as different contracts require different levels of information to calculate correctly the ceded part.
Reinsurance Coverage
| Reinsurance Contract Type | Attritional Claims | Single Claims | Event Claims |
|---|---|---|---|
| quota share | covered | covered | covered |
| surplus | covered | covered | covered |
| working excess of loss (WXL) | covered | ||
| cat excess of loss (CXL) | covered | ||
| stop loss | covered | covered | covered |
