imported_unknown
Active Member
- Joined
- Jan 13, 2002
- Messages
- 424
Hi all,
I work in the insurance industry and have the following Excel query. I have a spreadsheet whereby the losses to the insurance are listed by year. I want to create four columns to the right of the losses to show the following:
1. the portion of the loss retained by the client (the excess) which is the first $1m.
2. also, the client takes up to $1m in excess of this, subject to a maximum of $1m in any one year.
3. If this secondary excess has been blown, the reinsurer takes $1m excess of this $1m.
4. Above this $2m limit, there is another reinsurance layer to a limit of $3m excess of this $2m
I want it set up so that I can change the option of limit and retention as described above.
How can I get Excel to do this for me??!!
Your speedy responses would be greatly appreciated.
Thanks in advance
R
I work in the insurance industry and have the following Excel query. I have a spreadsheet whereby the losses to the insurance are listed by year. I want to create four columns to the right of the losses to show the following:
1. the portion of the loss retained by the client (the excess) which is the first $1m.
2. also, the client takes up to $1m in excess of this, subject to a maximum of $1m in any one year.
3. If this secondary excess has been blown, the reinsurer takes $1m excess of this $1m.
4. Above this $2m limit, there is another reinsurance layer to a limit of $3m excess of this $2m
I want it set up so that I can change the option of limit and retention as described above.
How can I get Excel to do this for me??!!
Your speedy responses would be greatly appreciated.
Thanks in advance
R