{"id":19855,"date":"2025-04-10T23:06:38","date_gmt":"2025-04-10T21:06:38","guid":{"rendered":"https:\/\/www.cconsulting.it\/glossary\/premiums\/"},"modified":"2025-04-10T23:06:38","modified_gmt":"2025-04-10T21:06:38","slug":"premiums","status":"publish","type":"glossary","link":"https:\/\/www.cconsulting.it\/en\/glossary\/premiums\/","title":{"rendered":"Premiums"},"content":{"rendered":"<p>In <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;XLayers&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;XLayers is management software designed for the management and certification of Insurance company reinsurance processes, from the distribution of technical items to their related Agreements, to the preparation of accounts and to the data feed of the accounting system.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/xlayers\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>XLayers<\/a>, it represents a manual Premium operation inserted directly onto a <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Validity Period&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The term in XLayers usually refers to the period (span of time) of a Reinsurance Agreement within which the established rules inside an Agreement are considered valid.In Treaties, this usually coincides with a &amp;quot;precise year&amp;quot; and often begins in January and ends in December, but this is not necessarily binding inasmuch for Facultative Agreements. For Agreements in general, the application of any validity period where the rules are in force can have any time interval.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/validity-period\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Validity Period<\/a> of a Proportional Treaty <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Agreement&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers the term Agreement refers to a generic Reinsurance contract whether it be Treaty or Facultative.Often in insurance terms the term contract is used as the insurance policy while in reinsurance and in XLayers in general the term Agreement always refers to the contract between a Company (Ceding Company) and one or more Reinsurers (Participants) for the transfer or ceding of part of the risk.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/agreement\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Agreement<\/a>. It is typically used when the Company does not feed <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;XLayers&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;XLayers is management software designed for the management and certification of Insurance company reinsurance processes, from the distribution of technical items to their related Agreements, to the preparation of accounts and to the data feed of the accounting system.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/xlayers\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>XLayers<\/a> with the detailed analytical flow coming from the portfolio system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;XLayers&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;XLayers is management software designed for the management and certification of Insurance company reinsurance processes, from the distribution of technical items to their related Agreements, to the preparation of accounts and to the data feed of the accounting system.&lt;\/div&gt;\" href=\"https:\/\/www.cconsulting.it\/en\/glossary\/xlayers\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">XLayers<\/a>, it represents a manual Premium operation inserted directly onto a <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Validity Period&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The term in XLayers usually refers to the period (span of time) of a Reinsurance Agreement within which the established rules inside an Agreement are considered valid.In Treaties, this usually coincides with a &amp;quot;precise year&amp;quot; and often begins in January and ends in December, but this is not necessarily binding inasmuch for Facultative Agreements. For Agreements in general, the application of any validity period where the rules are in force can have any time interval.&lt;\/div&gt;\" href=\"https:\/\/www.cconsulting.it\/en\/glossary\/validity-period\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Validity Period<\/a> of a Proportional Treaty <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Agreement&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers the term Agreement refers to a generic Reinsurance contract whether it be Treaty or Facultative.Often in insurance terms the term contract is used as the insurance policy while in reinsurance and in XLayers in general the term Agreement always refers to the contract between a Company (Ceding Company) and one or more Reinsurers (Participants) for the transfer or ceding of part of the risk.&lt;\/div&gt;\" href=\"https:\/\/www.cconsulting.it\/en\/glossary\/agreement\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Agreement<\/a>. It is typically used when the Company does not feed <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;XLayers&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;XLayers is management software designed for the management and certification of Insurance company reinsurance processes, from the distribution of technical items to their related Agreements, to the preparation of accounts and to the data feed of the accounting system.&lt;\/div&gt;\" href=\"https:\/\/www.cconsulting.it\/en\/glossary\/xlayers\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">XLayers<\/a> with the detailed analytical flow coming from the portfolio system.<\/p>\n","protected":false},"author":1,"featured_media":0,"menu_order":0,"template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-19855","glossary","type-glossary","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.cconsulting.it\/en\/wp-json\/wp\/v2\/glossary\/19855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cconsulting.it\/en\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/www.cconsulting.it\/en\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/www.cconsulting.it\/en\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":0,"href":"https:\/\/www.cconsulting.it\/en\/wp-json\/wp\/v2\/glossary\/19855\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cconsulting.it\/en\/wp-json\/wp\/v2\/media?parent=19855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}