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Ombudsman for Long-Term Insurance

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Tel: +27 21 657 5000
Fax: +27 21 674 0951
Address:
Third Floor,
Sanclare Building,
21 Dreyer Street,
Claremont,
Cape Town, 7700
Postbox:
Private Bag X45,
Claremont,
Cape Town, 7735
Scope:
Western Cape.
The mission of the Ombudsman for Long-term Insurance is to mediate in disputes between the subscribing members of the industry and policyholders.
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From The Glossary »

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Stop Loss Reinsurance:

A specialised form of excess of loss reinsurance, usually applicable to certain lines of insurance showing wide loss variation. For example, hail insurance, where four good years might be followed by a calamitous one. Stop loss reinsurance differs materially from the usual excess of loss treaty as the reinsurer is not responsible for the amount by which any individual claim exceeds a fixed sum, but instead indemnifies the ceding company in respect ...
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