Amount insurer or reinsurer charges to provide the coverage described in the policy or treaty

Maximum amount paid out for an event.

Amount at which the occurrence layer begins to take loss.

Amount of risk or loss kept by the ceding company for its own account or for others.

Percentage of a treaty’s coverage that has been accepted by participating reinsurers.

Percentage of the reinsurer’s share of treaty losses not covered by retrocessions. Determines the losses for the RN financial perspective and the net premium a reinsurer receives for a treaty

Percentage of treaty coverage assigned to reinsurer. Used in calculation of RG perspective losses.

Percentage of loss greater than the attachment point covered by a treaty. Not applicable to SURP treaties.

Amount of premium the insured must pay the insurer to reinstate the coverage of the treaty after it is exhausted. Applies to CATA treaties only

Maximum Any One Life Amount

For aggregate deductibles, losses from multiple events over a treaty’s in-force period can contribute to eroding the deductible. Applies to HD models only.

Limit that applies across all loss events during the treaty’s in-force period. Applies to HD models only.