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Thank you! Published by Melvin Berry Modified over 4 years ago. WWII Fires? Consider three policies, two within a single AOI range and the third in the next highest AOI range but close in value to the second policy Should two different policy limits within a single AOI range have the same LAS or should the difference in policy limits be reflected? It is most common in a subscription type market like Lloyds, but it is also useful for modeling some facultative business. No other policy would expose.

If the contracts are assumed to be stacked, then you would cover the K x K layer on the 1. There can be significantly greater exposure to the Reinsurance Contract under the stacked assumption.

In Paper a single parameter version is presented where both parameters are defined as function of a new parameter c. Many of the Swiss Re Y scales are reasonably approximated using values for c. Fits many of the common first loss scales reasonably well. Introduction to Reinsurance Reserving Peter A.

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Property Exposure Rating Types of Exposure Rating Curves

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