{"id":19632,"date":"2025-04-04T15:51:01","date_gmt":"2025-04-04T13:51:01","guid":{"rendered":"https:\/\/www.cconsulting.it\/glossario\/"},"modified":"2025-04-10T22:27:03","modified_gmt":"2025-04-10T20:27:03","slug":"glossario","status":"publish","type":"page","link":"https:\/\/www.cconsulting.it\/en\/glossario\/","title":{"rendered":"Glossary"},"content":{"rendered":"<p>[vc_section css=&rdquo;.vc_custom_1634048170279{padding-top: 80px !important;padding-bottom: 40px !important;}&rdquo; el_class=&rdquo;people-list&rdquo;][vc_row][vc_column width=&rdquo;1\/1&Prime;]<\/p><h2 class=\"headline font-inherit fontsize-xl fontweight-700 lh-inherit align-center transform-uppercase \" style=\"margin: 0 0 20px 0;\">Glossary<\/h2>[vc_column_text el_id=&rdquo;glossario&rdquo;]<div class=\"cm-glossary\"><div class=\"glossary-container \"><input type=\"hidden\" class=\"cmtt-attribute-field\" name=\"glossary_index_style\" value=\"classic\"><div id=\"glossaryList-nav\" class=\"listNav \" role=\"tablist\"><\/div><ul class=\"glossaryList\" role=\"tablist\" id=\"glossaryList\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTermSet\"><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/574d\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;574d&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Code 574d is the contracted form of the Italian Circular Law on the subject of &amp;quot;Provisions on Matters of Passive Reinsurance.&amp;quot;Issued by IVASS on December 23, 2005 and abandoned at the end of 2018.In summary:The Code monitors company policy in the field of Passive Reinsurance; it regulates the verification of the actual insurance risk transfer in the assessment of appropriateness of Reinsurance Agreements and their effects produced on the margin of solvency, activities covering the technical reserves and more generally, the technical balance and assets of companies.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;574d&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Code 574d is the contracted form of the Italian Circular Law on the subject of &amp;quot;Provisions on Matters of Passive Reinsurance.&amp;quot;Issued by IVASS on December 23, 2005 and abandoned at the end of 2018.In summary:The Code monitors company policy in the field of Passive Reinsurance; it regulates the verification of the actual insurance risk transfer in the assessment of appropriateness of Reinsurance Agreements and their effects produced on the margin of solvency, activities covering the technical reserves and more generally, the technical balance and assets of companies.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/574d\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>574d<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/aal\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;AAL&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;AAL is the anacronym for Annual Aggregate Limit; in a Non-Proportional Treaty it represents the maximum monetary amount of the claims ceding capacity for a specific Layer.Each claim payment ceded on a layer &amp;quot;consumes&amp;quot; the available capacity.If one or more claims or even part of a payment completely uses up the remaining capacity available, the layer reaches its claim limit cap and subsequent claims that are ceded will have no effect on the Reinsurers and the amount ceded will remain as additional retention of the Ceding Company.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;AAL&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;AAL is the anacronym for Annual Aggregate Limit; in a Non-Proportional Treaty it represents the maximum monetary amount of the claims ceding capacity for a specific Layer.Each claim payment ceded on a layer &amp;quot;consumes&amp;quot; the available capacity.If one or more claims or even part of a payment completely uses up the remaining capacity available, the layer reaches its claim limit cap and subsequent claims that are ceded will have no effect on the Reinsurers and the amount ceded will remain as additional retention of the Ceding Company.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/aal\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>AAL<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/absolute-share\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Absolute Share&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, when referring to the term Absolute Share, it refers to the percentage of Reinsurer (and possible Broker) participation in a Treaty or Facultative Agreement defined in relation to the ceded percentage. The sum of the absolute shares of the various Participants in Treaty or Facultative Reinsurance will be equal to the ceded Percentage.For example, in a Quota Share Treaty with a ceded percentage of 50% if there was only one participant, its absolute share would be 50% while its relative share or share on the transferred would be 100%.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Absolute Share&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, when referring to the term Absolute Share, it refers to the percentage of Reinsurer (and possible Broker) participation in a Treaty or Facultative Agreement defined in relation to the ceded percentage. The sum of the absolute shares of the various Participants in Treaty or Facultative Reinsurance will be equal to the ceded Percentage.For example, in a Quota Share Treaty with a ceded percentage of 50% if there was only one participant, its absolute share would be 50% while its relative share or share on the transferred would be 100%.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/absolute-share\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Absolute Share<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/accounting-allocation\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Accounting Allocation&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers the accounting allocation or accounting distribution represents the grid of information that constitutes the detail of the dimensions present in the reporting module and defines its detail (granularity).When premium operations are entered directly onto the Agreement, whether they are Non-Proportional Minimum Premiums or Premiums on Quota Share Treaties, this information must be distributed (or allocated) according to the detail defined in the accounting distribution.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Accounting Allocation&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers the accounting allocation or accounting distribution represents the grid of information that constitutes the detail of the dimensions present in the reporting module and defines its detail (granularity).When premium operations are entered directly onto the Agreement, whether they are Non-Proportional Minimum Premiums or Premiums on Quota Share Treaties, this information must be distributed (or allocated) according to the detail defined in the accounting distribution.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/accounting-allocation\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Accounting Allocation<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/accounting-distribution\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Accounting Distribution&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Accounting Distribution or allocation represents the grid of information which constitutes the detail of the dimensions present in the reporting module and defines its level of detail (granularity).When Premium operations are entered directly on the Agreement, whether they are Non-Proportional Minimum Premiums or Premiums on Share Quota Treaties, this information must be distributed (or allocated) according to the detail defined in the accounting distribution.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Accounting Distribution&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Accounting Distribution or allocation represents the grid of information which constitutes the detail of the dimensions present in the reporting module and defines its level of detail (granularity).When Premium operations are entered directly on the Agreement, whether they are Non-Proportional Minimum Premiums or Premiums on Share Quota Treaties, this information must be distributed (or allocated) according to the detail defined in the accounting distribution.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/accounting-distribution\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Accounting Distribution<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/accumulation\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Accumulation&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Accumulation is the possibility of assigning a single accumulation \/ event coding to one or more individual claims of different policies that can be managed in the reinsurance field as a single claim that &amp;quot;adds&amp;quot; or &amp;quot;accumulates&amp;quot; the amounts that are ceded (typically to Non-Proportional Treaties) by comparing the accumulative amount with the contractual limits set.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Accumulation&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Accumulation is the possibility of assigning a single accumulation \/ event coding to one or more individual claims of different policies that can be managed in the reinsurance field as a single claim that &amp;quot;adds&amp;quot; or &amp;quot;accumulates&amp;quot; the amounts that are ceded (typically to Non-Proportional Treaties) by comparing the accumulative amount with the contractual limits set.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/accumulation\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Accumulation<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/additional-technical-account-version\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" 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;\"><span itemprop=\"name\"><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><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/aggregate-account\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Aggregate Account&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The Aggregate Account represents an XLayers data structure serving as a deposit for the Technical Accounts of one or more varied Agreements.An Aggregate Account can therefore refer to an Agreement (minimum necessary) or to a list of two or more Agreements for which it is necessary to perform the operations relating to Technical Accounting as a single entity.Often, some Agreements are entered separately in the Agreement Manager for varied reasons but represent a single Agreement for accounting purposes.Entering these different Agreements into a single Aggregate Account then allows the user to display Agreements in the Account Statement or group them into a single entity.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Aggregate Account&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The Aggregate Account represents an XLayers data structure serving as a deposit for the Technical Accounts of one or more varied Agreements.An Aggregate Account can therefore refer to an Agreement (minimum necessary) or to a list of two or more Agreements for which it is necessary to perform the operations relating to Technical Accounting as a single entity.Often, some Agreements are entered separately in the Agreement Manager for varied reasons but represent a single Agreement for accounting purposes.Entering these different Agreements into a single Aggregate Account then allows the user to display Agreements in the Account Statement or group them into a single entity.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/aggregate-account\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Aggregate Account<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/agreement\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" 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;\"><span itemprop=\"name\"><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><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/annual-aggregate-limit\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Annual Aggregate Limit&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In a Non-Proportional Treaty, an aggregate limit represents the maximum amount from claims which can be ceded before reaching the cap set for a specific layer.Each claim payment ceded on a layer &amp;quot;consumes&amp;quot; the available capacity.If one or more claims or even part of a payment completely uses up the remaining cap limit available, the layer is said to be Saturated and any successive claims ceded will have no effect on the Reinsurers and the amount ceded will remain as additional retention of the Ceding Company.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Annual Aggregate Limit&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In a Non-Proportional Treaty, an aggregate limit represents the maximum amount from claims which can be ceded before reaching the cap set for a specific layer.Each claim payment ceded on a layer &amp;quot;consumes&amp;quot; the available capacity.If one or more claims or even part of a payment completely uses up the remaining cap limit available, the layer is said to be Saturated and any successive claims ceded will have no effect on the Reinsurers and the amount ceded will remain as additional retention of the Ceding Company.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/annual-aggregate-limit\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Annual Aggregate Limit<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/bordereaux\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Bordereaux&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Bordereaux (or Bordereau) is a term deriving from the French. It is sometimes translated into Italian as Border&ograve; despite being little used. In Reinsurance, it is typically a report prepared by an Insurance company for a Reinsurance company detailing either the assets that are covered in part by the Reinsurance firm (contractual conditions) or the actual claims that have be made for damage to property protected by an Agreement between the two Companies.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Bordereaux&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Bordereaux (or Bordereau) is a term deriving from the French. It is sometimes translated into Italian as Border&ograve; despite being little used. In Reinsurance, it is typically a report prepared by an Insurance company for a Reinsurance company detailing either the assets that are covered in part by the Reinsurance firm (contractual conditions) or the actual claims that have be made for damage to property protected by an Agreement between the two Companies.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/bordereaux\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Bordereaux<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/branch\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Branch&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The term &amp;quot;Insurance Branch&amp;quot; indicates a family of risks with similar characteristics. It also identifies a group of policies with a common objective: on the one hand, providing economic support for the insured and \/ or their loved ones (life Insurance policies), and on the other, preservation of their assets (Non-Life Insurance policies).&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Branch&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The term &amp;quot;Insurance Branch&amp;quot; indicates a family of risks with similar characteristics. It also identifies a group of policies with a common objective: on the one hand, providing economic support for the insured and \/ or their loved ones (life Insurance policies), and on the other, preservation of their assets (Non-Life Insurance policies).&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/branch\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Branch<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/browser\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Browser&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In computer science, the web browser (or more simply browser) is an application for the acquisition, presentation and resource navigation on the web. These resources (such as web pages, images or videos) are made available on the World Wide Web (the global network that relies on the Internet), on a local network or on the computer where the browser is running.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Browser&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In computer science, the web browser (or more simply browser) is an application for the acquisition, presentation and resource navigation on the web. These resources (such as web pages, images or videos) are made available on the World Wide Web (the global network that relies on the Internet), on a local network or on the computer where the browser is running.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/browser\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Browser<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/calculations\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Calculations&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, when we use the term calculators or reporting calculations, we often refer to the calculation operations carried out at the individual technical account level. These calculations integrate the result of premiums and claims ceded with all the accounting items determined on the basis of the contractual conditions.An example of a calculator or reporting calculation is commission balance\/ adjustments or profit-sharing calculation.Calculators or calculations are grouped into families and often have variable processing periodicity.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Calculations&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, when we use the term calculators or reporting calculations, we often refer to the calculation operations carried out at the individual technical account level. These calculations integrate the result of premiums and claims ceded with all the accounting items determined on the basis of the contractual conditions.An example of a calculator or reporting calculation is commission balance\/ adjustments or profit-sharing calculation.Calculators or calculations are grouped into families and often have variable processing periodicity.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/calculations\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Calculations<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/calculators\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Calculators&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, when we use the term calculators or reporting calculations, we often refer to the calculation operations carried out at the individual technical account level. These calculations integrate the result of premiums and claims ceded with all the accounting items determined on the basis of the contractual conditions.An example of a calculator or reporting calculation is commission balance\/ adjustments or profit-sharing calculation.Calculators or calculations are grouped into families and often have variable processing periodicity.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Calculators&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, when we use the term calculators or reporting calculations, we often refer to the calculation operations carried out at the individual technical account level. These calculations integrate the result of premiums and claims ceded with all the accounting items determined on the basis of the contractual conditions.An example of a calculator or reporting calculation is commission balance\/ adjustments or profit-sharing calculation.Calculators or calculations are grouped into families and often have variable processing periodicity.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/calculators\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Calculators<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/ceding-company-retention\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Ceding Company Retention&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;It represents a particular condition of a Participant (typically fictitious) or of an Agreement which determines that the amount ceded to the Participant or to the Agreement is not really accounted for and transferred to the balance of the associated Financial Account 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.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Ceding Company Retention&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;It represents a particular condition of a Participant (typically fictitious) or of an Agreement which determines that the amount ceded to the Participant or to the Agreement is not really accounted for and transferred to the balance of the associated Financial Account 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.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/ceding-company-retention\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Ceding Company Retention<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/clean-cut\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Clean Cut&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;It represents the practice of transferring the Premium and Claims portfolio of a Reinsurance Agreement from one year to the next. From a certain point of view, it defines the closure of an annuity of a Reinsurance Agreement. Clean cut is not suitable for Lines that have widely variable policy periods. Instead, it is advantageous for Agreements which cover short-tail business in which the periods of all ceded policies are annual, the level of risk does not fluctuate through the Agreement period and claims occur and are settled relatively quickly.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Clean Cut&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;It represents the practice of transferring the Premium and Claims portfolio of a Reinsurance Agreement from one year to the next. From a certain point of view, it defines the closure of an annuity of a Reinsurance Agreement. Clean cut is not suitable for Lines that have widely variable policy periods. Instead, it is advantageous for Agreements which cover short-tail business in which the periods of all ceded policies are annual, the level of risk does not fluctuate through the Agreement period and claims occur and are settled relatively quickly.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/clean-cut\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Clean Cut<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/cut-off\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cut off&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The termination of a Reinsurance Agreement that establishes that the Reinsurer will not be liable for losses arising from events that occur after the termination date or after an agreed date following the termination.It normally involves the return of an agreed share of the Claims Reserve or of the unearned Premium for the policies in force at the deadline.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cut off&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The termination of a Reinsurance Agreement that establishes that the Reinsurer will not be liable for losses arising from events that occur after the termination date or after an agreed date following the termination.It normally involves the return of an agreed share of the Claims Reserve or of the unearned Premium for the policies in force at the deadline.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/cut-off\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Cut off<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/download\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Download&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;It is the act or instance of transferring a document, file or IT resource from one location (a remote computer or cloud) to another computer.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Download&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;It is the act or instance of transferring a document, file or IT resource from one location (a remote computer or cloud) to another computer.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/download\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Download<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/event\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Event&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;It represents an event that involves one or more individual claims from different policies that can be managed in the Reinsurance Sector as a single claim that &amp;quot;adds&amp;quot; or &amp;quot;accumulates&amp;quot; the amounts that are ceded (typically to Non-Proportional Treaties) by comparing the accumulative amount with the contractual limits set.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Event&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;It represents an event that involves one or more individual claims from different policies that can be managed in the Reinsurance Sector as a single claim that &amp;quot;adds&amp;quot; or &amp;quot;accumulates&amp;quot; the amounts that are ceded (typically to Non-Proportional Treaties) by comparing the accumulative amount with the contractual limits set.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/event\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Event<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/external-code\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;External Code&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, when referring to the external code (or external coding), the program is referring to a code the user can choose independently for referring to an entity (e.g. Reinsurer, Broker etc.) or type of Agreement (e.g. Treaty, Facultative, Reinsurance plan etc.).It is called &amp;quot;external&amp;quot; because it can often be used as a communication coding with other systems that share personal data or information (e.g. Datawarehouse, Portfolio systems, General Accounting Applications).&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;External Code&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, when referring to the external code (or external coding), the program is referring to a code the user can choose independently for referring to an entity (e.g. Reinsurer, Broker etc.) or type of Agreement (e.g. Treaty, Facultative, Reinsurance plan etc.).It is called &amp;quot;external&amp;quot; because it can often be used as a communication coding with other systems that share personal data or information (e.g. Datawarehouse, Portfolio systems, General Accounting Applications).&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/external-code\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>External Code<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/facultative-agreement\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Facultative Agreement&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A Facultative Agreement is a particular Reinsurance Agreement that typically covers a specific risk (usually a single policy\/section).It is used to cover special risks not covered by the Agreement, limits and caps or areas of accumulation important to reduce exposure and allows very specific and dedicated management with an increase in burden of cost.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Facultative Agreement&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A Facultative Agreement is a particular Reinsurance Agreement that typically covers a specific risk (usually a single policy\/section).It is used to cover special risks not covered by the Agreement, limits and caps or areas of accumulation important to reduce exposure and allows very specific and dedicated management with an increase in burden of cost.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/facultative-agreement\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Facultative Agreement<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/facultative-agreements\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Facultative Agreements&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Facultative Agreements are a particular Reinsurance Agreements that typically cover a specific risk (usually a single policy\/section).They are used to cover special risks not covered by the Agreement, limits and caps or areas of accumulation important to reduce exposure and allow very specific and dedicated management with an increase in burden of cost.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Facultative Agreements&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Facultative Agreements are a particular Reinsurance Agreements that typically cover a specific risk (usually a single policy\/section).They are used to cover special risks not covered by the Agreement, limits and caps or areas of accumulation important to reduce exposure and allow very specific and dedicated management with an increase in burden of cost.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/facultative-agreements\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Facultative Agreements<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/financial-account\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" 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;\"><span itemprop=\"name\"><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><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/financial-accounts\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Financial Accounts&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Financial Account are structures or deposits of reporting balances defined by the following main coordinates:&bull; Ceding Company&bull; Reinsurer&bull; Broker&bull; Type of Financial Account&bull; Account descriptionFinancial Accounts typically define 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;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Financial Accounts&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Financial Account are structures or deposits of reporting balances defined by the following main coordinates:&bull; Ceding Company&bull; Reinsurer&bull; Broker&bull; Type of Financial Account&bull; Account descriptionFinancial Accounts typically define 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-accounts\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Financial Accounts<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/gdpr\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;GDPR&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The General Data Protection Regulation, Official Regulation (EU) n. 2016\/679 which is better known in the abbreviated form in English as RGPD, is a European Union regulation on the processing of personal data and privacy, adopted on April 27th, 2016 and subsequently published in the Official Journal of the European Union on May 4th, 2016. The Regulation entered into force on May 24th of the same year and became operational beginning on May 25th, 2018.With this Regulation, the European Commission aims to strengthen the protection of personal data of citizens of the European Union (EU) and EU residents, both within and outside EU borders, by returning the control of personal data to its citizens, simplifying the regulatory context concerning international affairs, unifying and standardizing privacy legislation within the EU.The Regulation also addresses the issues revolving around the exportation of personal data outside the EU and obliges all data controllers (also those with a registered office outside the EU) who process data of EU residents to observe and fulfill the expected obligations.Since its entry into force, the GDPR has replaced the contents of the Data Protection Directive (Directive 95\/46 \/ EC) and in Italy, has repealed the articles from the Code for the Protection of Personal Data (Legislative Decree no. 196\/2003) which are incompatible.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;GDPR&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The General Data Protection Regulation, Official Regulation (EU) n. 2016\/679 which is better known in the abbreviated form in English as RGPD, is a European Union regulation on the processing of personal data and privacy, adopted on April 27th, 2016 and subsequently published in the Official Journal of the European Union on May 4th, 2016. The Regulation entered into force on May 24th of the same year and became operational beginning on May 25th, 2018.With this Regulation, the European Commission aims to strengthen the protection of personal data of citizens of the European Union (EU) and EU residents, both within and outside EU borders, by returning the control of personal data to its citizens, simplifying the regulatory context concerning international affairs, unifying and standardizing privacy legislation within the EU.The Regulation also addresses the issues revolving around the exportation of personal data outside the EU and obliges all data controllers (also those with a registered office outside the EU) who process data of EU residents to observe and fulfill the expected obligations.Since its entry into force, the GDPR has replaced the contents of the Data Protection Directive (Directive 95\/46 \/ EC) and in Italy, has repealed the articles from the Code for the Protection of Personal Data (Legislative Decree no. 196\/2003) which are incompatible.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/gdpr\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>GDPR<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/gen-ledger\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Gen. Ledger&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Gen. Ledger in an anacronym&nbsp;for the General Ledger.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Gen. Ledger&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Gen. Ledger in an anacronym&nbsp;for the General Ledger.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/gen-ledger\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Gen. Ledger<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/gnpi\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;GNPI&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;GNPI is an acronym for Gross Net Premium Income and is also known as Gross Net Written Premium Income (GNWPI), it represents premium income gross of one year&amp;#039;s reinsurance (validity period) of a Reinsurance Agreement in order to determine what portion of premiums is owed to a Reinsurer. It is typically the base to which the Reinsurance Premium Rate is applied, taking into account cancellations, refunds, and premiums paid to determine the definitive premium in a Non-Proportional Treaty Agreement.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;GNPI&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;GNPI is an acronym for Gross Net Premium Income and is also known as Gross Net Written Premium Income (GNWPI), it represents premium income gross of one year&amp;#039;s reinsurance (validity period) of a Reinsurance Agreement in order to determine what portion of premiums is owed to a Reinsurer. It is typically the base to which the Reinsurance Premium Rate is applied, taking into account cancellations, refunds, and premiums paid to determine the definitive premium in a Non-Proportional Treaty Agreement.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/gnpi\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>GNPI<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/horizontal-cover\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Horizontal Cover&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;It is the overall annual layer capacity. In a Non-Proportional Treaty Agreement, it represents the ceded claims maximum amount (capacity) for a specific Layer.When there are reinstatements present, it is determined from the sum of various reinstatement cover amounts anticipated plus the basic &amp;quot;nominal&amp;quot; cover (capacity) of the layer.A layer with a cover of 1,000,000 and 2 Reinstatements anticipated will have a capacity or horizontal cover of 3,000,000.Each claim payment ceded on a layer &amp;quot;erodes&amp;quot; the available capacity (cover).If one or more Claims or even part of a payment erodes all of the remaining available capacity, the layer is said to be saturated and any Claims that are ceded thereafter will have no effect on reinsurers and the amount ceded will remain as additional retention for the Ceding company.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Horizontal Cover&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;It is the overall annual layer capacity. In a Non-Proportional Treaty Agreement, it represents the ceded claims maximum amount (capacity) for a specific Layer.When there are reinstatements present, it is determined from the sum of various reinstatement cover amounts anticipated plus the basic &amp;quot;nominal&amp;quot; cover (capacity) of the layer.A layer with a cover of 1,000,000 and 2 Reinstatements anticipated will have a capacity or horizontal cover of 3,000,000.Each claim payment ceded on a layer &amp;quot;erodes&amp;quot; the available capacity (cover).If one or more Claims or even part of a payment erodes all of the remaining available capacity, the layer is said to be saturated and any Claims that are ceded thereafter will have no effect on reinsurers and the amount ceded will remain as additional retention for the Ceding company.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/horizontal-cover\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Horizontal Cover<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/iban\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;IBAN&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;IBAN is a code used in transactions between different bank accounts. It contains the country identification, the bank and the bank account number. It can be used for both domestic and international transactions. In Italy it is 27 characters long.The IBAN code is defined at international level and consists of:2 letters representing the country and 2 control digits the national BBAN code. It is up to the national banks to define the BBAN formulation (digits\/letters) of the country they belong to, with the obligation to maintain a fixed length for each individual country (BBANs of the same country must have the same length) and must contain a code to identify the bank in a specific position.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;IBAN&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;IBAN is a code used in transactions between different bank accounts. It contains the country identification, the bank and the bank account number. It can be used for both domestic and international transactions. In Italy it is 27 characters long.The IBAN code is defined at international level and consists of:2 letters representing the country and 2 control digits the national BBAN code. It is up to the national banks to define the BBAN formulation (digits\/letters) of the country they belong to, with the obligation to maintain a fixed length for each individual country (BBANs of the same country must have the same length) and must contain a code to identify the bank in a specific position.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/iban\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>IBAN<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/ivass\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;IVASS&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The Institute for Insurance Supervision, known as IVASS, is an independent administrative authority that supervises the Italian Insurance market, to guarantee its stability and protect the consumer.Website: https:\/\/www.ivass.it\/&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;IVASS&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The Institute for Insurance Supervision, known as IVASS, is an independent administrative authority that supervises the Italian Insurance market, to guarantee its stability and protect the consumer.Website: https:\/\/www.ivass.it\/&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/ivass\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>IVASS<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/master-agreement\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Master Agreement&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A template Master Agreement or Master Agreement for is a fictitious structure, which has no effect in the calculations and procedures of the program but forms basic information that will be adopted by the Facultative to which it refers or to be said in a better way, for which it was used as a template or example.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Master Agreement&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A template Master Agreement or Master Agreement for is a fictitious structure, which has no effect in the calculations and procedures of the program but forms basic information that will be adopted by the Facultative to which it refers or to be said in a better way, for which it was used as a template or example.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/master-agreement\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Master Agreement<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/master-template\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Master Template&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A template Master Agreement or Master Agreement for a Facultative Agreement is a fictitious structure which has no effect in the calculations and procedures of the program but forms the basic information that will be adopted by the Facultative Agreement to which it refers or to say it in better way, for which it was used as a template or an example.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Master Template&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A template Master Agreement or Master Agreement for a Facultative Agreement is a fictitious structure which has no effect in the calculations and procedures of the program but forms the basic information that will be adopted by the Facultative Agreement to which it refers or to say it in better way, for which it was used as a template or an example.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/master-template\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Master Template<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/motor-own-damage-od\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Motor Own Damage (OD)&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Motor Own Damage (OD), is additional insurance cover which is optional for Motor TPL (Third Party Liability). Also known as CASCO, this insurance offers coverage against damages caused by accident, political riots, strikes or acts of terrorism, vandalism, legal protection, roadside assistance, windscreen, fire and theft, explosion, self-ignition, natural calamities, driver injuries, driver&amp;#039;s license suspension and Claims Bonus Protection.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Motor Own Damage (OD)&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Motor Own Damage (OD), is additional insurance cover which is optional for Motor TPL (Third Party Liability). Also known as CASCO, this insurance offers coverage against damages caused by accident, political riots, strikes or acts of terrorism, vandalism, legal protection, roadside assistance, windscreen, fire and theft, explosion, self-ignition, natural calamities, driver injuries, driver&amp;#039;s license suspension and Claims Bonus Protection.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/motor-own-damage-od\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Motor Own Damage (OD)<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/paired-association\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Paired Association&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A Paired Association is an association that is required between a Reinsurer and a Broker. The function, which is activated through an optional XLayers parameter, compels the user to choose from a paired association at the moment of entry of a Treaty or Facultative Participant in XLayers. In the event of a relationship through a Broker, a paired association is chosen by default, without the possibility of individually choosing a Reinsurer and then a Broker other than the possible paired association listed. However, a user can always enter in a Participant with a Direct Reinsurer without a Broker.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Paired Association&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A Paired Association is an association that is required between a Reinsurer and a Broker. The function, which is activated through an optional XLayers parameter, compels the user to choose from a paired association at the moment of entry of a Treaty or Facultative Participant in XLayers. In the event of a relationship through a Broker, a paired association is chosen by default, without the possibility of individually choosing a Reinsurer and then a Broker other than the possible paired association listed. However, a user can always enter in a Participant with a Direct Reinsurer without a Broker.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/paired-association\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Paired Association<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/paired-associations\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Paired Associations&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Paired Associations are associations required between a Reinsurer and a Broker. The function, which can be activated through an optional XLayers parameter, compels the user to choose from the paired associations. In the event of a relationship through a Broker when entering a Treaty or Facultative Participant in XLayers, Paired Associations must be chosen without the possibility of individually choosing a Reinsurer and then a Broker other than the Paired Associations listed. However, a user can always enter in a Participant with a Direct Reinsurer without a Broker.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Paired Associations&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Paired Associations are associations required between a Reinsurer and a Broker. The function, which can be activated through an optional XLayers parameter, compels the user to choose from the paired associations. In the event of a relationship through a Broker when entering a Treaty or Facultative Participant in XLayers, Paired Associations must be chosen without the possibility of individually choosing a Reinsurer and then a Broker other than the Paired Associations listed. However, a user can always enter in a Participant with a Direct Reinsurer without a Broker.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/paired-associations\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Paired Associations<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/premiums\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Premiums&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, it represents a manual Premium operation inserted directly onto a Validity Period of a Proportional Treaty Agreement. It is typically used when the Company does not feed XLayers with the detailed analytical flow coming from the portfolio system.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Premiums&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, it represents a manual Premium operation inserted directly onto a Validity Period of a Proportional Treaty Agreement. It is typically used when the Company does not feed XLayers with the detailed analytical flow coming from the portfolio system.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/premiums\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Premiums<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/qualifier\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Qualifier&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A Qualifier in XLayers is an additional discriminant that can be used to further customize a Reinsurance Plan.Two Reinsurance plans could have the same coverage information (Reinsurance Reclassification) and period but could be further customized by adding an additional discriminant.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Qualifier&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A Qualifier in XLayers is an additional discriminant that can be used to further customize a Reinsurance Plan.Two Reinsurance plans could have the same coverage information (Reinsurance Reclassification) and period but could be further customized by adding an additional discriminant.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/qualifier\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Qualifier<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/qualifiers\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Qualifiers&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Qualifiers in XLayers are additional discriminants that can be used to further customize a Reinsurance Plan.Two Reinsurance plans could have the same coverage information (Reinsurance Reclassification) and period but could be further customized by adding additional discriminants.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Qualifiers&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Qualifiers in XLayers are additional discriminants that can be used to further customize a Reinsurance Plan.Two Reinsurance plans could have the same coverage information (Reinsurance Reclassification) and period but could be further customized by adding additional discriminants.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/qualifiers\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Qualifiers<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/rating\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Rating&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A Rating is an evaluation of something, in terms of quality, quantity or a combination of both.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Rating&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A Rating is an evaluation of something, in terms of quality, quantity or a combination of both.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/rating\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Rating<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/ratings\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Ratings&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Ratings are evaluations of something, in terms of quality, quantity or a combination of both.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Ratings&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Ratings are evaluations of something, in terms of quality, quantity or a combination of both.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/ratings\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Ratings<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/reclassification\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Reclassification&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;XLayers refers to the mapping between information from portfolio systems typically defined by information regarding Branch, Product, Risk and Guarantee with reinsurance coordinates. This mapping or reclassification is fully customizable by users and defines the domain of Reinsurance Covers used by the system in the allocation phase for the determination of the Reinsurance plan.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Reclassification&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;XLayers refers to the mapping between information from portfolio systems typically defined by information regarding Branch, Product, Risk and Guarantee with reinsurance coordinates. This mapping or reclassification is fully customizable by users and defines the domain of Reinsurance Covers used by the system in the allocation phase for the determination of the Reinsurance plan.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/reclassification\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Reclassification<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/regulatory-branches\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Regulatory Branches&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Regulatory Branches are a list of Branches according to Regulator codifications, it is often used for the closure of the Company&amp;#039;s Balance Sheet.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Regulatory Branches&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Regulatory Branches are a list of Branches according to Regulator codifications, it is often used for the closure of the Company&amp;#039;s Balance Sheet.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/regulatory-branches\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Regulatory Branches<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/reinsurance-branch\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Reinsurance Branch&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The Reinsurance Branch in XLayers is a structure customizable by users that defines Risk Categories in the Reinsurance field.Users can define Categories or Reinsurance Branches that group or detail the portfolio coordinates.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Reinsurance Branch&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The Reinsurance Branch in XLayers is a structure customizable by users that defines Risk Categories in the Reinsurance field.Users can define Categories or Reinsurance Branches that group or detail the portfolio coordinates.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/reinsurance-branch\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Reinsurance Branch<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/reinsurance-branches\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Reinsurance Branches&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Reinsurance Branches in XLayers are structures customizable by users that defines Risk Categories in the Reinsurance field.Users can define Categories or Reinsurance Branches that group or detail the portfolio coordinates.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Reinsurance Branches&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Reinsurance Branches in XLayers are structures customizable by users that defines Risk Categories in the Reinsurance field.Users can define Categories or Reinsurance Branches that group or detail the portfolio coordinates.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/reinsurance-branches\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Reinsurance Branches<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/reinsurance-plan\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Reinsurance Plan&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Reinsurance Plan is the structure dedicated to the management of how the technical cession of Premiums\/Claims information (and the related reserves) coming from the portfolio systems will be configured.This structure contains the list and the cession rules to be applied: Validity Period order of Treaty Agreements (and Facultative Agreements), the methods (cession on retention or FGU) and allows for the definition of reclassified coverage coordinates.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Reinsurance Plan&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Reinsurance Plan is the structure dedicated to the management of how the technical cession of Premiums\/Claims information (and the related reserves) coming from the portfolio systems will be configured.This structure contains the list and the cession rules to be applied: Validity Period order of Treaty Agreements (and Facultative Agreements), the methods (cession on retention or FGU) and allows for the definition of reclassified coverage coordinates.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/reinsurance-plan\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Reinsurance Plan<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/reinsurance-plans\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Reinsurance Plans&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, Reinsurance Plans are the structures dedicated to the management of how the technical cession of Premiums\/Claims information (and the related reserves) coming from the portfolio systems will be configured.These structures contain the list and the cession rules to be applied: Validity Period order of Treaty Agreements (and Facultative Agreements), the methods (cession on retention or FGU) and allows for the definition of reclassified coverage coordinates.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Reinsurance Plans&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, Reinsurance Plans are the structures dedicated to the management of how the technical cession of Premiums\/Claims information (and the related reserves) coming from the portfolio systems will be configured.These structures contain the list and the cession rules to be applied: Validity Period order of Treaty Agreements (and Facultative Agreements), the methods (cession on retention or FGU) and allows for the definition of reclassified coverage coordinates.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/reinsurance-plans\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Reinsurance Plans<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/relative-share\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Relative Share&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;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%.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Relative Share&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;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%.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/relative-share\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Relative Share<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/right-to-be-forgotten\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Right to be Forgotten&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The term &amp;quot;Right to be Forgotten&rdquo; is also known as &amp;quot;Right to Erasure&amp;quot; and means, in law, a particular form of guarantee which provides for the non-diffusion of information that can constitute a prejudicial precedent of a person&amp;#039;s honor. Specifically, information may be disseminated only under certain conditions such as obtaining the judicial history of a person. Based on this principle, it is not legitimate, for example, to disseminate information relating to convictions received or, in any case, other sensitive data of similar subject, except in the case of particular cases attributable to news events. Even in such cases, the publicity of the fact must be proportionate to the importance of the event and the time elapsed since the incident. The laws governing the &amp;quot;Right to be Forgotten&rdquo; apply only to natural persons and not to companies&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Right to be Forgotten&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The term &amp;quot;Right to be Forgotten&rdquo; is also known as &amp;quot;Right to Erasure&amp;quot; and means, in law, a particular form of guarantee which provides for the non-diffusion of information that can constitute a prejudicial precedent of a person&amp;#039;s honor. Specifically, information may be disseminated only under certain conditions such as obtaining the judicial history of a person. Based on this principle, it is not legitimate, for example, to disseminate information relating to convictions received or, in any case, other sensitive data of similar subject, except in the case of particular cases attributable to news events. Even in such cases, the publicity of the fact must be proportionate to the importance of the event and the time elapsed since the incident. The laws governing the &amp;quot;Right to be Forgotten&rdquo; apply only to natural persons and not to companies&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/right-to-be-forgotten\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Right to be Forgotten<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/sequence\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Sequence&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers the Agreement sequence is a structure that connects multiple Agreements as if they were one, creating a natural continuation from one to the other. It is used in situations where Agreements have been included in XLayers (often data having been migrated from previous programs) as separate annual structures. By using sequences, it is possible to communicate to the application that in reality the various agreements represent an ideal line of temporal continuity of a single Agreement.This allows the user to manage Reinsurance plans with mixed functions (e.g. Accounting Year \/ Underwriting Year).&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Sequence&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers the Agreement sequence is a structure that connects multiple Agreements as if they were one, creating a natural continuation from one to the other. It is used in situations where Agreements have been included in XLayers (often data having been migrated from previous programs) as separate annual structures. By using sequences, it is possible to communicate to the application that in reality the various agreements represent an ideal line of temporal continuity of a single Agreement.This allows the user to manage Reinsurance plans with mixed functions (e.g. Accounting Year \/ Underwriting Year).&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/sequence\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Sequence<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/sequences\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Sequences&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers the Agreement sequences are structures that connects multiple Agreements as if they were one, creating a natural continuation from one to the other. They are used in situations where Agreements have been included in XLayers (often data having been migrated from previous programs) as separate annual structures. By using sequences, it is possible to communicate to the application that in reality the various agreements represent an ideal line of temporal continuity of a single Agreement.This allows the user to manage Reinsurance plans with mixed functions (e.g. Accounting Year \/ Underwriting Year).&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Sequences&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers the Agreement sequences are structures that connects multiple Agreements as if they were one, creating a natural continuation from one to the other. They are used in situations where Agreements have been included in XLayers (often data having been migrated from previous programs) as separate annual structures. By using sequences, it is possible to communicate to the application that in reality the various agreements represent an ideal line of temporal continuity of a single Agreement.This allows the user to manage Reinsurance plans with mixed functions (e.g. Accounting Year \/ Underwriting Year).&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/sequences\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Sequences<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/solvency-ii\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Solvency II&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Solvency II (officially Directive 2009\/138 \/ EC) is a European Union directive which aims to extend the Base II legislation to the Insurance sector.More information on https:\/\/it.wikipedia.org\/wiki\/Solvency_II&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Solvency II&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Solvency II (officially Directive 2009\/138 \/ EC) is a European Union directive which aims to extend the Base II legislation to the Insurance sector.More information on https:\/\/it.wikipedia.org\/wiki\/Solvency_II&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/solvency-ii\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Solvency II<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/sql\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;SQL&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In computing, SQL (Structured Query Language) is a standardized language for relational database management systems (RDBMS), designed for the following operations:&bull; create and modify database schemes;&bull; insert, modify and manage stored data;&bull; query the stored data;&bull; create and manage data control and access tools.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;SQL&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In computing, SQL (Structured Query Language) is a standardized language for relational database management systems (RDBMS), designed for the following operations:&bull; create and modify database schemes;&bull; insert, modify and manage stored data;&bull; query the stored data;&bull; create and manage data control and access tools.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/sql\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>SQL<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/technical-account\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" 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;\"><span itemprop=\"name\"><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><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/technical-accounts\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Technical Accounts&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Technical Accounts are structures or deposits 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 EUR.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Technical Accounts&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers, the Technical Accounts are structures or deposits 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 EUR.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/technical-accounts\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Technical Accounts<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/technical-branch\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Technical Branch&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The Technical Branch or Policy Branch is a structure defined by the Company that indicates a family of risks with similar characteristics.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Technical Branch&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The Technical Branch or Policy Branch is a structure defined by the Company that indicates a family of risks with similar characteristics.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/technical-branch\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Technical Branch<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/technical-branches\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Technical Branches&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Technical Branches or Policy Branches are structures defined by the Company that indicate a family of risks with similar characteristics.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Technical Branches&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Technical Branches or Policy Branches are structures defined by the Company that indicate a family of risks with similar characteristics.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/technical-branches\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Technical Branches<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/tooltip\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Tooltip&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In web applications or in many internet sites, the tooltip is a description that appears when the user pauses for a few seconds on an object with the mouse pointer. It often helps to contextualize or better describe a page item on the page that has been described in an abbreviated form for reasons of space.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Tooltip&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In web applications or in many internet sites, the tooltip is a description that appears when the user pauses for a few seconds on an object with the mouse pointer. It often helps to contextualize or better describe a page item on the page that has been described in an abbreviated form for reasons of space.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/tooltip\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Tooltip<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/unit-of-account\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Unit of Account&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The Unit of Account is a new accounting unit introduced by the accounting principle IFRS 17. It consists of the set of Agreements belonging to the same Portfolio, with the same year of generation or application (cohort) and with the same level of profitability\/ cost.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Unit of Account&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The Unit of Account is a new accounting unit introduced by the accounting principle IFRS 17. It consists of the set of Agreements belonging to the same Portfolio, with the same year of generation or application (cohort) and with the same level of profitability\/ cost.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/unit-of-account\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Unit of Account<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/validity-period\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" 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;\"><span itemprop=\"name\"><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><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/warning\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Warning&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In English, Warning means &amp;quot; Flag or Notification&amp;quot;; therefore, a warning message is a notification sent by the program inviting the user to be advised of possible errors or incongruencies during the entry of information. The user may then decide whether to ignore the warning and continue with the operation or go back and modify the entry.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Warning&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In English, Warning means &amp;quot; Flag or Notification&amp;quot;; therefore, a warning message is a notification sent by the program inviting the user to be advised of possible errors or incongruencies during the entry of information. The user may then decide whether to ignore the warning and continue with the operation or go back and modify the entry.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/warning\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Warning<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/xdocs\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;XDocs&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;It is the XLayers Document Management add-on module that can be activated at any time from version 3.1 of XLayers.The document module can be integrated internally or interfaced with an existing document module standard on the market.&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;XDocs&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;It is the XLayers Document Management add-on module that can be activated at any time from version 3.1 of XLayers.The document module can be integrated internally or interfaced with an existing document module standard on the market.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/xdocs\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>XDocs<\/a><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/xlayers\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" 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;\"><span itemprop=\"name\"><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><\/span><\/a><\/li><li class=\"\" itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\"><a href=\"https:\/\/www.cconsulting.it\/en\/glossary\/xlr-asif\/\" role=\"term\" class=\"glossaryLinkMain \" style=\"\" itemprop=\"url\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;XLR-ASIF&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;It is the add-on module to XLayers that allows the user to carry out an &amp;quot;as-if&rdquo; simulation on the impact of previous years&rsquo; Reinsurance using the current Reinsurance rules.The simulation is useful for calculating the Solvency Capital Requirement (SCR) using Undertaking Specific Parameters (USP).&lt;\/div&gt;\"><span itemprop=\"name\"><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;XLR-ASIF&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;It is the add-on module to XLayers that allows the user to carry out an &amp;quot;as-if&rdquo; simulation on the impact of previous years&rsquo; Reinsurance using the current Reinsurance rules.The simulation is useful for calculating the Solvency Capital Requirement (SCR) using Undertaking Specific Parameters (USP).&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/en\/glossary\/xlr-asif\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>XLR-ASIF<\/a><\/span><\/a><\/li><\/ul><\/div><\/div>[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section full_width=&rdquo;stretch_row&rdquo; css=&rdquo;.vc_custom_1634286938151{padding-top: 40px !important;padding-bottom: 40px !important;}&rdquo;][vc_row type=&rdquo;full_width_section&rdquo; text_color=&rdquo;light&rdquo; text_align=&rdquo;center&rdquo; top_padding=&rdquo;0&Prime; bottom_padding=&rdquo;50&Prime;][vc_column width=&rdquo;1\/1&Prime;]<h3 class=\"headline font-inherit fontsize-m fontweight-700 lh-inherit align-center transform-uppercase \" style=\"margin: 0 0 20px 0; color: #000000;\">The insurance market recognises C Consulting and <span style=\"color: #990033;\">XL<\/span>ayers excellence<\/h3>[vc_column_text el_id=&rdquo;textScrolling&rdquo;]        <div class=\"marquee_text\">AGESA - Allianz  -  Arag  -  Assicuratrice Milanese  -  Assimoco - AXA Assicurazioni - AXA Assurance Maroc - AXA Mps Assicurazioni Danni  -  AXA Mps Assicurazioni Vita  -  Banco BPM Assicurazioni  -  BanSabadell Seguros Generales  -  BPCE Assurances - BPCE Life - CAMBIASO RISSO Group  -  Cardif   -  CF Assicurazioni - CF Life - CredemVita  -  Cr&eacute;dit Agricole Assicurazioni  -  Cr&eacute;dit Agricole Vita&nbsp;  -  EUROLIFE  -  Europ Assistance  -  Fideuram Vita  -  Generali Biztos&iacute;t&oacute;  - Generali Tranquilidade -  Global Assistance - Groupama  -  HDI  -  Helvetia Italia - Helvetia SA  -  Intesa Sanpaolo Assicurazioni - Intesa Sanpaolo Protezione - ITAS Mutua  -  La R&eacute;union A&eacute;rienne  -  Le Assicurazioni di Roma  -  MACSF - Mediolanum Assicurazioni  -  Mediolanum Vita  -  Mutua de Propietarios  -  NET Insurance  -  NET Insurance life  -  Nobis Assicurazioni  -  Pi&ugrave;Vera - Pool Ambiente - Poste Assicura  -  Poste Vita  -  Quixa Assicurazioni  -  REVO Insurance  -  S2C  -  SACE  -  SACE BT  -  Sara Assicurazioni  -  TUW - Towarzystwo Ubezpiecze&#324; Wzajemnych - Vittoria Assicurazioni  -  Wakam   -  Zurich Insurance Company<\/div>\n      [\/vc_column_text][\/vc_column][\/vc_row][vc_row text_align=&rdquo;center&rdquo; top_padding=&rdquo;40&Prime;][vc_column el_class=&rdquo;titolo_partners&rdquo; width=&rdquo;1\/1&Prime;]<h2 class=\"headline font-inherit fontsize-inherit fontweight-700 lh-inherit align-center transform-uppercase parteners_title\" style=\"margin: 0 0 20px 0; color: #000000;\">Partners<\/h2>[\/vc_column][\/vc_row][vc_row top_padding=&rdquo;30&Prime; bottom_padding=&rdquo;50&Prime;][vc_column width=&rdquo;1\/4&Prime;]<div class=\"single_image wpb_content_element align-center    \" data-animation=\"none\" data-delay=\"0\"><img loading=\"lazy\" decoding=\"async\" width=\"168\" height=\"104\" src=\"https:\/\/www.cconsulting.it\/wp-content\/uploads\/2021\/10\/acord.png\" class=\"attachment-full\" alt=\"\"\/><\/div>[\/vc_column][vc_column width=&rdquo;1\/4&Prime;]<div class=\"single_image wpb_content_element align-center    center_partner\" data-animation=\"none\" data-delay=\"0\"><img loading=\"lazy\" decoding=\"async\" width=\"168\" height=\"104\" src=\"https:\/\/www.cconsulting.it\/wp-content\/uploads\/2024\/07\/rgi-2.jpg\" class=\"attachment-full\" alt=\"\"\/><\/div>[\/vc_column][vc_column width=&rdquo;1\/4&Prime;]<div class=\"single_image wpb_content_element align-center    \" data-animation=\"none\" data-delay=\"0\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"77\" src=\"https:\/\/www.cconsulting.it\/wp-content\/uploads\/2021\/10\/URS-ufficiale.jpg\" class=\"attachment-full\" alt=\"\"\/><\/div>[\/vc_column][vc_column width=&rdquo;1\/4&Prime;]<div class=\"single_image wpb_content_element align-center    \" data-animation=\"none\" data-delay=\"0\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"77\" src=\"https:\/\/www.cconsulting.it\/wp-content\/uploads\/2024\/07\/logo-AON-2.jpg\" class=\"attachment-full\" alt=\"\"\/><\/div>[\/vc_column][\/vc_row][\/vc_section]\n","protected":false},"excerpt":{"rendered":"<p>[vc_section css=&rdquo;.vc_custom_1634048170279{padding-top: 80px !important;padding-bottom: 40px !important;}&rdquo; 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