post https://{host}/platform/riskdata/v1/exposures//locations//locationcessions
Creates and applies a reinsurance cession to the specified location.
A reinsurance cession is a contract or agreement between two insurers that involves the purchase of insurance by an insurance (ceding) company from another insurance (reinsurance) company for the purpose of spreading risk and reducing the loss from a catastrophe event.
This operation applies a reinsurance cession at the location-level. Reinsurance cessions can also be defined at the policy-level.
The required type parameter specifies whether the reinsurance cession is a facultative cession and treaty cession.
- If
facultatve, the reinsurer has the option to accept or decline risk applied ot a location or policy. - If
treaty, the reinsurer does not have the option to accept or decline risk.