Product proposition
RMP Solutions can offer a combination of a pure risk cover and a balance sheet protection for existing mortgage portfolios.
What is the cover?
All individual mortgages, part of a predefined portfolio, which are now protected by re-insurance. The bank will decide which part of the individual mortgages (selections of LTV class) will be part of this predefined portfolio.
What is the definition of a claim?
If an individual mortgage goes into default resulting into a deficit to the bank, i.e. the sale will not cover the repayment of the mortgage, this deficit is considered as the claim and will thus be covered by the re-insurer.