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| The Claims Settlement Procedure in viewpoint of Trust Alliance |
| Treaty Cash Loss Advice (CLA) The cash loss advice is also known as the cash call advice. If a claim is huge, it will be financial burden for the cedant. In this instance, the cedant can ask for “cash advance” from the reinsurer to settle the claims. The difference between cash loss and ordinary claim is the timing of the claims payment. Cash loss is usually quite big and will consequently affect the cedant’s cash flow. Ordinary claims, due to its small amount, do not require such funds injections in a short time. |
| The Earthquake Accumulation Control The earthquake accumulation monitoring is a form of control to limit Trust Alliance’s earthquake exposure in a particular zone. Trust Alliance’s earthquake accumulation in one zone is limited to SG $150 million. - The underwriting assistance will request for the accumulation statistics from cedant or broker. He will then key into the SCIS screen. - The underwriter will print a report on the accumulation and furnish a copy to retrocessionaries (upon request). |
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