Was ist Wiederherstellungsklausel?
Wiederherstellungsklausel A provision in insurance or reinsurance contracts that specifies the terms under which coverage is restored after a claim payment, typically requiring an additional premium. Most common in catastrophe reinsurance, it allows for the policy limit to be reset following a loss event.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Wiederherstellungsklausel” Used in Practice?
Das Rückversicherungsvertrag enthielt eine Wiederherstellungsklausel, die es dem Zedenten ermöglichte, den Versicherungsschutz nach einem Großschaden gegen eine zusätzliche Prämie wiederherzustellen.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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Was ist Wiederherstellungsklausel?
A provision in insurance or reinsurance contracts that specifies the terms under which coverage is restored after a claim payment, typically requiring an additional premium. Most common in catastrophe reinsurance, it allows for the policy limit to be reset following a loss event.
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