In XLayers when referring to the term Relative Share (or ceded quota), the system is referring to the Reinsurer Participation Percentage (and possible Broker) in a Treaty or Facultative Agreement defined in relation to the ceded amount. The sum of the Relative Shares from the various Participants in Treaty or Facultative Reinsurance will be equal to 100%.
For example, in a Quota Share Treaty with a ceded percentage of 50% if there were only one participant, its Relative Share would be 100% while the Absolute Share would be 50%.
« Back to Glossary Index
Comments are closed.