Che cos'e Clausola di ripristino?
Clausola di ripristino 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 “Clausola di ripristino” Used in Practice?
L'accordo di riassicurazione includeva una clausola di ripristino che consentiva al cedente di ristabilire la copertura dopo una grave perdita catastrofica, soggetta a un premio aggiuntivo.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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Che cos'e Clausola di ripristino?
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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