Reinsurance Operations
Experience Account
Definition
Running balance of premiums, losses, expenses, and investment income maintained over multiple years in some reinsurance agreements.
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Related Terms
Reinsurance Types
Finite Reinsurance
Reinsurance with limited risk transfer where investment income is explicitly considered. Often involves multi-year agreements with experience accounts.
Treaty Structures
Swing Plan
Retrospective reinsurance arrangement where pricing adjusts based on actual loss experience over multiple years.