ROL

UNI Consulting
May 19, 2023
1 min read

ROL is a term used to express the cost of reinsurance coverage as the percentage of the limit of coverage. ROL stands for "Rate on Line". It is a way to standardize the cost of reinsurance so it can be easily compared across different contracts. For example, if a reinsurance contract has a limit of $10 million and a premium of $6 million, the Rate on Line (ROL) would be 60%.

Recent Posts

See All

What is Reinsurance

Reinsurance is insurance of insurance. Reinsurance is a contract that reinsurance companies indemnifies a primary insurer for losses paid...

Predictive Modeling in insurance industry

Claims Forecasting - insurers can use predictive modeling to forecast the number of claims, cause of loss and severity of claims. Fraud...

Facultative Reinsurance

A form of reinsurance that provides coverage for an individual or a group of risks. The reinsurance company has the right to accept or...

Comments