Excess Reimbursement from Great American reimburses the excess paid in the event of a valid claim on the primary policy.

How does it work?

• The sum insured is the primary policy excess.
• When the primary and excess policy dates align, cover is immediate.
• If it is not aligned, claims within 30 days of inception are excluded.
• Risks with a high claims frequency should not be insured, but can be referred (on a portfolio basis we can cover all risks if we have suitable data which would be claims frequency and excess values).

Claims

• The claim on the primary policy is successful.
• The claims cost is more than the excess.
• The excess cannot be recovered.
• The excess has been paid.
• Limited to 2 claims per year.

Target Business:

• SME
• Commercial Combined
• Construction
• Professional Indemnity
• Home
• Motor

Non-Target business

• Car-Hire
• Non-standard risks
• Non-standard excesses
• D&O
• Crime & Fidelity

Target Distribution

We are targeting books of business as the product is best sold on a portfolio basis to avoid anti-selection and ensure volume is sufficient to support this offer. We are seeking programme deals with €250k minimum premium that contain risks with excesses below €3K.

Benefits to customers

• Protects policyholders excess
• Helps ensure customer “peace of mind”
• Differentiate your business from the competition
• Great retention/acquisition tool
• Allows greater control on setting level of primary excess

For more information on working with us, please contact:

Paul Dooley

European Commercial  Director

Mob: +44 (0)7973 915822

Office Tel: +44 (0)117 927 5345

Email: pvdooley@gaig.com