Property per risk or casualty XOL 4. See other definitions of XOL the terms of an insurance policy or reinsurance agreement: •An amount representing the losses paid plus the change in outstanding loss reserves within a given accounting period [accounting definition] Losses paid – The total checks or drafts issued in settlement of claims under insurance … Pro Rata 3. All Acronyms. This definition appears frequently and is found in the following Acronym Finder categories: Business, finance, etc. Top XOL abbreviation meanings updated December 2020. It also looks set to grow, with potential market capacity per transaction being well over $500 million, and underwriters entering the market for this type of insurance in growing numbers. Captive Insurance Company Reports. Catastrophe Excess Reinsurance: Insurance for catastrophe insurers. List of 5 XOL definitions. Since 1977, CICR has been educating captive practitioners on diverse captive topics such as fronting and reinsurance, collateral pressures and options, tax, legal matters and claims, domicile challenges and issues, regulatory developments, and so forth. With reinsurance, the company passes on ("cedes") some part of its own insurance liabilities to the other insurance company. Search options; ... Insurance, Business, ... Search for abbreviation meaning, word to abbreviate, or category. Examples could include: • a small food packaging company that wins a contract with a large food manufacturer, who stipulates they must have a £20m Product Liability limit Aggregate Stop Loss It leverages international risk management with high discretionary limit (DCL) and low policy administration and harmonizes bad debt protection worldwide. Allianz Insurance plc Excess of Loss Fact Sheet Our Excess of Loss cover is designed for a wide range of businesses, from small local SMEs up to the largest multi-nationals. Clash Reinsurance: A type of reinsurance that provides additional coverage to the insurance company in the event that one casualty loss event results in … 1. Catastrophe (per occurrence) 5. It also purchases a CAT XL cover of … For this reason, the XOL solutions are also referred to as “catastrophe coverage.” The XOL coverage concept fundamentally distinguishes itself from the classic credit insurance solution in that it only covers bad debts that can endanger the existence of a company, or can at least have a significant impact on its earnings situation. Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. Aggregate Catastrophe 6. XoL can be an extremely effective tool in helping companies to retain greater independence, rely on secure and stable cover and enhance operational performance. Example; Insurance Company “X” has an 8-line surplus treaty with a net retention of 1,000,000 any one risk. Facultative reinsurance is purchased by a primary insurer to cover a single risk—or a block of risks—held in the primary insurer's book of business. Future growth in XoL credit insurance. Compared to some other forms of insurance, the market for XoL credit insurance for banks is relatively new. Shortcuts for power users - examples. Facultative Reinsurance 2.