Question: what is the difference between risk attaching and loss occurring?
Answer: Losses-Occurring-During or Risks-Attaching Contracts Imagine that the reinsured issues a policy to its insured for the period May 15, 2003, to May 15, 2004. ... On the other hand, risks or policies-attaching contracts only cover reinsured losses on policies attaching—i.e., incepting—during the reinsurance contract period.