When your large healthcare organization’s retained risk grows beyond its financial and risk management philosophy, consider a quota sharing treaty with ProAssurance. This reinsurance option enables you to cede a portion of your organization’s risks and related reserves, with ProAssurance responsible for that agreed-to ceded risk’s losses. Losses defined by the treaty typically include loss adjustment expenses.
Quota sharing agreements often specify a maximum dollar limit above which responsibility for coverage and losses reverts back to your healthcare organization. Per occurrence limits may be part of the treaty, as well.