Treaty Structures
Swing Plan
Definition
Retrospective reinsurance arrangement where pricing adjusts based on actual loss experience over multiple years.
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Related Terms
Reinsurance Operations
Experience Account
Running balance of premiums, losses, expenses, and investment income maintained over multiple years in some reinsurance agreements.
Reinsurance Types
Loss Portfolio Transfer
Reinsurance transaction where an insurer transfers existing loss reserves and related liabilities to a reinsurer for a premium.