Burning Cost

A method of calculating the premium for reinsurance whereby within certain limits the reinsurance premium paid by a cedant is related to the claims made under the policy. The adjustment factor works to the advantage of the reinsurer until the maximum level of reinsurance premium is reached. There are minimum and maximum levels of premium payable usually expressed as a percentage of the cedants underlying premiums. Within these limits, if the cedant makes a claim the reinsurer will collect an additional premium calculated in accordance with a formula contained in the policy. When the maximum premium has been paid the reinsurer has full liability for further claims with no recourse.

Do you have old policies lying about? Perhaps it's a term or whole of life insurance, pension, endowment, bond or an annuity policy. Or do you receive statements for a policy which you are unsure about? Why not use Policy Detective to find the answers.

Which company now looks after your policy? Who can you contact about your policy? What do all those words and phrases on my policy document actually mean?

Policy Detective is a UK company for UK customers. We help you to track-down the Administrators for policies which you or your loved ones may have in the bureau or the attic. You never know how much money there could be in that old policy. It's not easy to find this information, as companies through time are taken-over, merge with other companies and even change their names. We can help you find the company which now deals with your policy. Some companies even allow us to check the status of your policy.