CAT XoL
Definition
Catastrophe Excess of Loss reinsurance - A non-proportional reinsurance structure providing coverage for catastrophic events exceeding a specified retention. Commonly used for natural catastrophes like hurricanes and earthquakes.
Practical Example
$100M xs $50M CAT XoL covering hurricane losses in Florida.
Automate with Reinsured.AI
Reinsured.AI has a purpose-built AI agent that automates workflows involving CAT XoL — reducing manual processing time by up to 40% and eliminating data entry errors across your reinsurance operations.
Related Terms
Non-proportional reinsurance providing coverage for losses exceeding a specified retention amount. Can be per risk, per occurrence, or aggregate.
Computer simulation of natural catastrophes to estimate potential losses. Major vendors include RMS, AIR, and CoreLogic.