Nontraditional Reinsurance

Definition of "Nontraditional reinsurance"

Types of reinsurance instruments under which the amount of risk transferred is more limited than under traditional risk reinsurance instruments. The limitations on risk transfer take the form of an aggregate dollar amount or loss ratio limits according to the reinsurance coverage in effect. Premiums for nontraditional reinsurance instruments are usually larger than those for traditional reinsurance instruments.

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