{"id":20017,"date":"2025-04-14T17:13:19","date_gmt":"2025-04-14T15:13:19","guid":{"rendered":"https:\/\/www.cconsulting.it\/glossary\/ceding-company-retention\/"},"modified":"2025-04-14T17:13:19","modified_gmt":"2025-04-14T15:13:19","slug":"ceding-company-retention","status":"publish","type":"glossary","link":"https:\/\/www.cconsulting.it\/en\/glossary\/ceding-company-retention\/","title":{"rendered":"Ceding Company Retention"},"content":{"rendered":"<p>It represents a particular condition of a Participant (typically fictitious) or of an <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> which determines that the amount ceded to the Participant or to the <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> is not really accounted for and transferred to the balance of the associated <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Financial Account&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Financial Account is a structure or deposit of reporting balances defined by the following main coordinates:&bull; Ceding Company&bull; Reinsurer&bull; Broker&bull; Type of Financial Account&bull; Account descriptionThe Financial Account typically defines the relationship between the Ceding Company and the Participant which can be intermediated or not; the type also allows for multiple Financial Accounts with the same coordinates as business partners (e.g. a Life and Non-Life Financial Account).Another example could be the following: Financial Account Ceding Company X- Swiss Re with Non-Life type AON&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/financial-account\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Financial Account<\/a> but is kept by the Company as its share. This allows the user to manage some situations where there are structures or quotas covering risks that must not be reinsured.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It represents a particular condition of a Participant (typically fictitious) or of an <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> which determines that the amount ceded to the Participant or to the <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> is not really accounted for and transferred to the balance of the associated <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Financial Account&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Financial Account is a structure or deposit of reporting balances defined by the following main coordinates:&bull; Ceding Company&bull; Reinsurer&bull; Broker&bull; Type of Financial Account&bull; Account descriptionThe Financial Account typically defines the relationship between the Ceding Company and the Participant which can be intermediated or not; the type also allows for multiple Financial Accounts with the same coordinates as business partners (e.g. a Life and Non-Life Financial Account).Another example could be the following: Financial Account Ceding Company X- Swiss Re with Non-Life type AON&lt;\/div&gt;\" href=\"https:\/\/www.cconsulting.it\/en\/glossary\/financial-account\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Financial Account<\/a> but is kept by the Company as its share. This allows the user to manage some situations where there are structures or quotas covering risks that must not be reinsured.<\/p>\n","protected":false},"author":1,"featured_media":0,"menu_order":0,"template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-20017","glossary","type-glossary","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.cconsulting.it\/en\/wp-json\/wp\/v2\/glossary\/20017","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\/20017\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cconsulting.it\/en\/wp-json\/wp\/v2\/media?parent=20017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}