Home page   Azerbaijan     Search for:       Glossary - E ESCAPE CLAUSE A clause providing that the reinsurer may terminate the contract due to some specified (sometimes very particular) reasons. EXCESS OF LOSS A form of non-proportional reinsurance in which an insurer�s participation in covering losses for a specified risk or risks is limited to stated amounts. Excess of loss treaty reinsurance treaty under which the reinsurer assumes the loss expenditure in excess of a particular amount (→ priority) (e.g. under an excess of loss treaty). This is in contrast to → proportional reinsurance. Expense ratio administrative expenses in relation to the (gross or net) premium written. Exposure level of danger inherent in a risk or portfolio of risks; this constitutes the basis for premium calculations in reinsurance.   A  B  C  D  E  F  G  H  I  J  K  L  M N  O  P  Q  R  S  T  U  V  W  X  Y  Z   Reinsurance at a glance   Proportional reinsurance   Non-Proportional reinsurance   Facultative reinsurance   Treaty reinsurance   Stop Loss Reinsurance   Azerbaijan Insurance Market Analyze   |   Home page   |    Career   |   Map  |    Write an e-mail   | Copyright © AzRe 2008