Aggregate limit

The aggregate limit is the maximum amount the insurer commits to pay for all claims arising during a contractual period, usually one year, across all events combined. It differs from the per-occurrence limit, which caps each event taken in isolation. A contract may combine the two, with a per-occurrence limit framing each event and an aggregate limit bounding the annual total, so that a succession of claims can exhaust the cover before the period ends. This exhaustion of the aggregate is a crucial point for the insured, because once the annual limit is reached, it remains without cover until renewal, even if new claims occur. The aggregate limit is an essential exposure-control tool for the insurer on high-frequency or accumulation-prone lines, of which cyber is one. The ability to reinstate cover after exhaustion, where provided for, falls under a reinstatement clause whose financial terms must be examined carefully.

A policy provides a limit of 1 million euros per occurrence and an aggregate limit of 2 million per year; after two full claims, the cover is exhausted and a third claim within the year is no longer covered.

limite annuelle agrégée, plafond agrégé, limite globale annuelle