Dual trigger insurance is an insurance (or reinsurance) program where the limit, premium, or retention is linked to one or more contingencies other than insurable hazards. Such contingencies are often external to the buyer, objectively measurable, and uncorrelated with the hazard risk(s) covered under the program.
Dual trigger insurance is an insurance (or reinsurance) program where the limit, premium, or retention is linked to one or more contingencies other than insurable hazards. Such contingencies are often external to the buyer, objectively measurable, and uncorrelated with the hazard risk(s) covered under the program.
Source: Wikipedia "Dual trigger insurance" · CC BY-SA 4.0
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