Update reinsurance cession

put

https://{host}/riskmodeler/v1/policies/{id}/cession/{cessionid}

Updates a reinsurance cession for the specified policy.

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. The reinsurer assumes part of the risk initially assumed by another insurance company. An insurance company buys reinsurance for its own protection. The risk of loss is spread so a disproportionately large loss under a single policy does not fall on one company.

Path Params

int32

required

≥ 1

ID number of the policy.

cessionid

int32

required

≥ 1

ID number of the Cession.

Query Params

datasource

string

required

Name of the EDM.

Body Params

int32

name

string

exposureId

int32

exposureType

string

enum

Allowed:

type

string

enum

Allowed:

facReinsurer

object

treaty

object

A reinsurance contract between an underwriter and a primary insurer that applies to a collection of related exposures. Under the terms of the treaty, the primary insurer (for example, a cedant) transfers risk to the underwriter in exchange for a premium and the reinsurer assumes financial responsibility for that risk.

layerNumber

int32

layerAmount

double

excessAmount

double

percentReinsurance

double

maolAmount

double

priority

int32

isValid

boolean

Responses

204

Reinsurance cession successfully updated

400Bad Request: Please check that you are provided all required values.

403Forbidden: Access to this resource has been denied.