WadotNChew
06-27-2008, 11:35 PM
I've got a couple of questions about the Austrailan reinsurance environment.
1) If, say, you were a reinsurance treaty pricing actuary and looking at a 3 x 2 layer of some professional line (lets say D&O for here but the question is intended for any professional line), is it typical to receive historical ground up premium and loss information from the company? Assume ALAE is included in the limit.
2) Assume the same layer and ALAE treatment, but now there is an additional 3M limit for ALAE. Is it typical to get either the large losses or the ground up losses with the indemnity and ALAE components split?
I ask this because I'm told it's not customary, and I'm having a hard time believing that. For anyone that responds in here or via PM, I'm not interested in the company you work for. Just if this data is general available if requested by the underwriter.
1) If, say, you were a reinsurance treaty pricing actuary and looking at a 3 x 2 layer of some professional line (lets say D&O for here but the question is intended for any professional line), is it typical to receive historical ground up premium and loss information from the company? Assume ALAE is included in the limit.
2) Assume the same layer and ALAE treatment, but now there is an additional 3M limit for ALAE. Is it typical to get either the large losses or the ground up losses with the indemnity and ALAE components split?
I ask this because I'm told it's not customary, and I'm having a hard time believing that. For anyone that responds in here or via PM, I'm not interested in the company you work for. Just if this data is general available if requested by the underwriter.