Underwriting
Clash Retention
Definition
The minimum loss amount required from each underlying policy before clash coverage applies.
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Related Terms
Treaty Structures
Clash Coverage
Reinsurance protection against multiple policies or treaties being triggered by a single catastrophic event. Protects against cumulative losses across different contracts.
Risk Assessment
Accumulation
Concentration of exposures in a geographic area or to a single risk that could result in large aggregate losses from one event.