{"id":19782,"date":"2025-04-10T22:57:10","date_gmt":"2025-04-10T20:57:10","guid":{"rendered":"https:\/\/www.cconsulting.it\/glossary\/facultative-agreements\/"},"modified":"2025-04-10T22:57:10","modified_gmt":"2025-04-10T20:57:10","slug":"facultative-agreements","status":"publish","type":"glossary","link":"https:\/\/www.cconsulting.it\/es\/glossary\/facultative-agreements\/","title":{"rendered":"Facultative Agreements"},"content":{"rendered":"<p><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\/es\/glossary\/facultative-agreements\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Facultative Agreements<\/a> are a particular Reinsurance Agreements that typically cover a specific risk (usually a single policy\/section).<br>\nThey are used to cover special risks not covered by the <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Agreement&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In XLayers the term Agreement refers to a generic Reinsurance contract whether it be Treaty or Facultative.Often in insurance terms the term contract is used as the insurance policy while in reinsurance and in XLayers in general the term Agreement always refers to the contract between a Company (Ceding Company) and one or more Reinsurers (Participants) for the transfer or ceding of part of the risk.&lt;\/div&gt;\"  href=\"https:\/\/www.cconsulting.it\/es\/glossary\/agreement\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Agreement<\/a>, limits and caps or areas of <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\/es\/glossary\/accumulation\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>accumulation<\/a> important to reduce exposure and allow very specific and dedicated management with an increase in burden of cost.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><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\/es\/glossary\/facultative-agreements\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Facultative Agreements<\/a> 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 <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\/es\/glossary\/agreement\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Agreement<\/a>, limits and caps or areas of <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\/es\/glossary\/accumulation\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">accumulation<\/a> important to reduce exposure and allow very specific and dedicated management with an increase in burden of cost.<\/p>\n","protected":false},"author":1,"featured_media":0,"menu_order":0,"template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-19782","glossary","type-glossary","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.cconsulting.it\/es\/wp-json\/wp\/v2\/glossary\/19782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cconsulting.it\/es\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/www.cconsulting.it\/es\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/www.cconsulting.it\/es\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":0,"href":"https:\/\/www.cconsulting.it\/es\/wp-json\/wp\/v2\/glossary\/19782\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cconsulting.it\/es\/wp-json\/wp\/v2\/media?parent=19782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}