2.4.6.
Multi Line Reinsurance Contract with Default
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This contract allows to define the covered lines and the reinsurer as counter party of the contract.
By defining the reinsurer it is possible to model reinsurer defaults. The model should contain a reinsurer rating table and default probabilities per rating. If a reinsurer defaulti all contracts with this reinsurer will stop ceding claims.
If a contract is placed at different reinsurers, this can be done by selecting combinations of 'covered by reinsurer' and 'reinsurer'.
