Insert Format Font Tools Table Window $ Help 3% Assignment 2 (1).docx 9996 2 nt Elements Tables Review Charts SmartArt Paragraph Styles 4- AL 10 AaBb CcDdte AaBbCcDdEe AaBbceDdEe AaBbCcDd AABBCCDD Heading 1 Heading 2 ABC A Normal Medium Grid No Spacing 3.1.4.1.3.6.1.7.101.11.16 15. 16. 17. 181 6. Determine the reinsurance agreement and calculate how much should the reinsurer pay, Loss Reinsurance Amount reinsurer pays Agreement A reinsurance pool of 16 members, and a loss of $55,600,000 occurred An $8,450,500 loss occurs due to a major storm, and the insurer has a retention limit of S2,350,000 A loss of $68,000 occurs, if agreed that 35% is paid by the insurer, and the rest by the reinsurer based on the type of reinsurance method used for sharing losses: (show calculations) 4 Finc 323. Assignment Two The insurer has a retention limit of $230,000. The property insured is valued at $1,840,000. A loss of S30.000 occurred out View Sec 1 Pages: 313 of 1140 4 of 6 Words: 6. Determine the reinsurance agreement and calculate how much should the reinsurer pay, based on the type of reinsurance method used for sharing losses: (show calculations) (2 marks) Loss Reinsurance Amount reinsurer pays Agreement A reinsurance pool of 16 members, and a loss of $55,600,000 occurred. An $8,450,500 loss occurs due to a major storm, and the insurer has a retention limit of $2,350,000 A loss of $68,000 occurs, if agreed that 35% is paid by the insurer, and the rest by the reinsurer The insurer has a retention limit of $230,000. The property insured is valued at $1,840,000. A loss of $30,000 occurred