{"id":19941,"date":"2025-04-10T23:17:36","date_gmt":"2025-04-10T21:17:36","guid":{"rendered":"https:\/\/www.cconsulting.it\/glossary\/technical-account\/"},"modified":"2025-04-10T23:17:36","modified_gmt":"2025-04-10T21:17:36","slug":"technical-account","status":"publish","type":"glossary","link":"https:\/\/www.cconsulting.it\/en\/glossary\/technical-account\/","title":{"rendered":"Technical Account"},"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>, the <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Technical Account&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Technical Account is a structure or deposit of reporting operations defined by the following main coordinates:&bull; Ceding Company&bull; Year of the Technical Account (accounting year)&bull; Account Period (Periodicity) (e.g. 1st quarter, 4th quarter etc.)&bull; Agreement and annuity of the Reinsurance Agreement&bull; Account Currency&bull; Additional Technical Account Version (progressive number id. (zero in case of NON-Additional Technical Account)For example, Technical Account: 4th quarter of 2020 QS Agreement Fire 2019 currency EUR progressive number id. 0.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/technical-account\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Technical Account<\/a> is a structure or deposit of reporting operations defined by the following main coordinates:<br>\n&bull; Ceding Company<br>\n&bull; Year of the <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Technical Account&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Technical Account is a structure or deposit of reporting operations defined by the following main coordinates:&bull; Ceding Company&bull; Year of the Technical Account (accounting year)&bull; Account Period (Periodicity) (e.g. 1st quarter, 4th quarter etc.)&bull; Agreement and annuity of the Reinsurance Agreement&bull; Account Currency&bull; Additional Technical Account Version (progressive number id. (zero in case of NON-Additional Technical Account)For example, Technical Account: 4th quarter of 2020 QS Agreement Fire 2019 currency EUR progressive number id. 0.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/technical-account\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Technical Account<\/a> (accounting year)<br>\n&bull; Account Period (Periodicity) (e.g. 1st quarter, 4th quarter etc.)<br>\n&bull; <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> and annuity of the Reinsurance <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><br>\n&bull; Account Currency<br>\n&bull; <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Additional Technical Account Version&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The term refers to a Technical Account (original) representing a Technical account in all respects which adopts all characteristics of the original Technical Account to which it refers but with a progressive number id. of (+1). This subsequent Technical Account is typically used to receive additional operations and coordinates in the same period of the Technical Account (original) when the latter was closed and consolidated. Since it has already been transferred to General ledger, it is not possible to reopen it.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/additional-technical-account-version\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Additional Technical Account Version<\/a> (progressive number id. (zero in case of NON-Additional <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Technical Account&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Technical Account is a structure or deposit of reporting operations defined by the following main coordinates:&bull; Ceding Company&bull; Year of the Technical Account (accounting year)&bull; Account Period (Periodicity) (e.g. 1st quarter, 4th quarter etc.)&bull; Agreement and annuity of the Reinsurance Agreement&bull; Account Currency&bull; Additional Technical Account Version (progressive number id. (zero in case of NON-Additional Technical Account)For example, Technical Account: 4th quarter of 2020 QS Agreement Fire 2019 currency EUR progressive number id. 0.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/technical-account\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Technical Account<\/a>)<br>\nFor example, <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Technical Account&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Technical Account is a structure or deposit of reporting operations defined by the following main coordinates:&bull; Ceding Company&bull; Year of the Technical Account (accounting year)&bull; Account Period (Periodicity) (e.g. 1st quarter, 4th quarter etc.)&bull; Agreement and annuity of the Reinsurance Agreement&bull; Account Currency&bull; Additional Technical Account Version (progressive number id. (zero in case of NON-Additional Technical Account)For example, Technical Account: 4th quarter of 2020 QS Agreement Fire 2019 currency EUR progressive number id. 0.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/technical-account\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Technical Account<\/a>: 4th quarter of 2020 QS <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> Fire 2019 currency EUR progressive number id. 0.<\/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>, the <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Technical Account&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Technical Account is a structure or deposit of reporting operations defined by the following main coordinates:&bull; Ceding Company&bull; Year of the Technical Account (accounting year)&bull; Account Period (Periodicity) (e.g. 1st quarter, 4th quarter etc.)&bull; Agreement and annuity of the Reinsurance Agreement&bull; Account Currency&bull; Additional Technical Account Version (progressive number id. (zero in case of NON-Additional Technical Account)For example, Technical Account: 4th quarter of 2020 QS Agreement Fire 2019 currency EUR progressive number id. 0.&lt;\/div&gt;\" href=\"https:\/\/www.cconsulting.it\/en\/glossary\/technical-account\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Technical Account<\/a> is a structure or deposit of reporting operations defined by the following main coordinates: &bull; Ceding Company &bull; Year of the <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Technical Account&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Technical Account is a structure or deposit of reporting operations defined by the following main coordinates:&bull; Ceding Company&bull; Year of the Technical Account (accounting year)&bull; Account Period (Periodicity) (e.g. 1st quarter, 4th quarter etc.)&bull; Agreement and annuity of the Reinsurance Agreement&bull; Account Currency&bull; Additional Technical Account Version (progressive number id. (zero in case of NON-Additional Technical Account)For example, Technical Account: 4th quarter of 2020 QS Agreement Fire 2019 currency EUR progressive number id. 0.&lt;\/div&gt;\" href=\"https:\/\/www.cconsulting.it\/en\/glossary\/technical-account\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Technical Account<\/a> (accounting year) &bull; Account Period (Periodicity) (e.g. 1st quarter, 4th quarter etc.) &bull; <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> and annuity of the Reinsurance <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> &bull; Account Currency &bull; <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Additional Technical Account Version&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The term refers to a Technical Account (original) representing a Technical account in all respects which adopts all characteristics of the original Technical Account to which it refers but with a progressive number id. of (+1). This subsequent Technical Account is typically used to receive additional operations and coordinates in the same period of the Technical Account (original) when the latter was closed and consolidated. Since it has already been transferred to General ledger, it is not possible to reopen it.&lt;\/div&gt;\" href=\"https:\/\/www.cconsulting.it\/en\/glossary\/additional-technical-account-version\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Additional Technical Account Version<\/a> (progressive number id. (zero in case of NON-Additional <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Technical Account&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Technical Account is a structure or deposit of reporting operations defined by the following main coordinates:&bull; Ceding Company&bull; Year of the Technical Account (accounting year)&bull; Account Period (Periodicity) (e.g. 1st quarter, 4th quarter etc.)&bull; Agreement and annuity of the Reinsurance Agreement&bull; Account Currency&bull; Additional Technical Account Version (progressive number id. (zero in case of NON-Additional Technical Account)For example, Technical Account: 4th quarter of 2020 QS Agreement Fire 2019 currency EUR progressive number id. 0.&lt;\/div&gt;\" href=\"https:\/\/www.cconsulting.it\/en\/glossary\/technical-account\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Technical Account<\/a>) For example, <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Technical Account&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Technical Account is a structure or deposit of reporting operations defined by the following main coordinates:&bull; Ceding Company&bull; Year of the Technical Account (accounting year)&bull; Account Period (Periodicity) (e.g. 1st quarter, 4th quarter etc.)&bull; Agreement and annuity of the Reinsurance Agreement&bull; Account Currency&bull; Additional Technical Account Version (progressive number id. (zero in case of NON-Additional Technical Account)For example, Technical Account: 4th quarter of 2020 QS Agreement Fire 2019 currency EUR progressive number id. 0.&lt;\/div&gt;\" href=\"https:\/\/www.cconsulting.it\/en\/glossary\/technical-account\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Technical Account<\/a>: 4th quarter of 2020 QS <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> Fire 2019 currency EUR progressive number id. 0.<\/p>\n","protected":false},"author":1,"featured_media":0,"menu_order":0,"template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-19941","glossary","type-glossary","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.cconsulting.it\/en\/wp-json\/wp\/v2\/glossary\/19941","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\/19941\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cconsulting.it\/en\/wp-json\/wp\/v2\/media?parent=19941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}