Losses Occurring Basis

A provision in a reinsurance treaty whereby the reinsurance applies to all losses occurring during the treaty period even if the risk attached before that period. The reinsurance does not apply to claims occurring after the reinsurance period even though the underlying insurance began to run during that period. Professional indemnity insurance is usually underwritten on this basis, although "claims occurring" are usually advised and accepted on a potential claim basis.

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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.