Cash mechanics of proportional treaties

Document description

We have only just started to uncover the mysteries surrounding the cash mechanics of proportional treaties. Much work still remains to be done. We need to consider the implications of letters of credit, the allocation of administrative costs both direct and indirect, the influence of premium and claim portfolio transfers, together with further theoretical analysis behind our general observations. The paper has been written with a view to stimulate an interest and understanding of the monetary implications of proportional treaties