@prasathparthiban586 @P&C Insurance Helpline: Sir, Thank you for clarifying the queries. It was extremly helpful. Can you please help with below questions, 1: Claims Made policy with an exmaple also retroactive date with example and how ERP(Extended Reporting Period) comes in picture 2: Occurence policy with an example 3: Does Excess policy needs to have same coverages as Underlying policy? 4: Should Effective & Expiry date of Undelying policies match with Excess policy 5: Diff between Runoff vs ERP with example also pls explain Retroactive date with example I have real confussion for above points.
Helo sir..i am new to your channel, can you please make video on life cylcle of policy..how it gets into to system till bonding of any policy.
@prasathparthiban586
@P&C Insurance Helpline:
Sir, Thank you for clarifying the queries.
It was extremly helpful.
Can you please help with below questions,
1: Claims Made policy with an exmaple also retroactive date with example and how ERP(Extended Reporting Period) comes in picture
2: Occurence policy with an example
3: Does Excess policy needs to have same coverages as Underlying policy?
4: Should Effective & Expiry date of Undelying policies match with Excess policy
5: Diff between Runoff vs ERP with example also pls explain Retroactive date with example
I have real confussion for above points.
Me too looking for these clarifications. Hoping to see a video on this.
Sir, what is attachment point in insurance? Is this limit ?
This is related to Reinsurance.Threshold after which Reinsurer will pay the loss