Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
Originalmente se había pensado en que fuera parte de la prima requerida para la compra de un contrato de reaseguro de exceso de pérdida catastrófico cuyo objetivo sea proteger parte de los ***cúmulos cedidos ***a los reaseguradores bajo el contrato Cuota Parte, Primer y Segundo Excedentes de Propiedad, o el resultado técnico de los mismos en alguna proporción
Explanation: In one of your previous questions, there was reference to 'cumulos de terremoto' which are known as 'earthquake aggregates'. It means the accumulation of exposure to risks.
So I would say something like 'aggregate amounts ceded...' or 'aggregate exposure ceded...'
Property proportional treaties nearly always contain large aggregate exposure to natural perils. In order to control aggregate amounts ceded to reinsurers in certain key zones, Cession Limit clauses have been introduced. These tend to be more acceptable to cedants than event limits as they do not impose a dollar limit on the amount of loss that may be recovered under the treaty, but are intended to impose discipline on their accumulation control . http://anziif.janison.com/anziif.portal/glossary.asp?Redirec...
The number of risks (or sums insured) which are exposed to claims arising out of a single loss occurrence.
Accumulations can arise in many ways - such as a number of:
Buildings destroyed in the same Fire or Earthquake;
Motor vehicles involved in the same collision;
Passengers in the same plane;
Cargoes on the same ship.
Potential known exposures, (e.g. buildings exposed to earthquake) can be more easily controlled than unknown accumulations (e.g. personal accident exposure in respect of passengers on the same plane). See also CATASTROPHE EXCESS OF LOSS. http://www.compre-group.com/glossary.htm
xxxcmwilliams United Kingdom Local time: 18:34 Specializes in field Native speaker of: English PRO pts in category: 148