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📜 '''Reinsurance certificate''' is a document issued to a [[Definition:Ceding company | ceding company]] that evidences the existence and key terms of a [[Definition:Reinsurance | reinsurance]] arrangement, most commonly under a [[Definition:Facultative reinsurance | facultative reinsurance]] placement. It functions much like a declarations page in a [[Definition:Primary insurance | primary insurance]] policy, summarizing the [[Definition:Coverage | coverage]] provided — including the [[Definition:Reinsurer | reinsurer's]] share, [[Definition:Attachment point | attachment point]], [[Definition:Policy limit | limits]], effective dates, and the specific [[Definition:Risk | risk]] or [[Definition:Policy | policy]] being reinsured — without reproducing the full body of contractual language.

🔍 In practice, a reinsurance certificate is produced after the [[Definition:Reinsurance placement | placement]] has been negotiated and bound, often by the [[Definition:Reinsurance broker | reinsurance broker]] or the reinsurer itself. For facultative transactions, each individual risk typically receives its own certificate, whereas [[Definition:Treaty reinsurance | treaty reinsurance]] arrangements are documented through broader [[Definition:Reinsurance contract | contract]] wordings and may not rely on certificates in the same way. The certificate references the underlying contract terms — such as the [[Definition:Reinsurance slip | slip]] or master agreement — so that both parties have a concise record of what was agreed. It also serves as an important touchpoint for [[Definition:Claims | claims]] handling, since the certificate details what portion of a loss the reinsurer is obligated to cover.

✅ From an operational and regulatory standpoint, reinsurance certificates provide an auditable trail that [[Definition:Primary insurer | primary insurers]] and their auditors rely on to verify [[Definition:Reinsurance credit | reinsurance credit]] on [[Definition:Statutory financial statement | statutory financial statements]]. Without proper documentation, a ceding company could face challenges in demonstrating that valid reinsurance protection exists, potentially affecting its [[Definition:Solvency | solvency]] position or [[Definition:Risk-based capital (RBC) | risk-based capital]] calculations. For [[Definition:Managing general agent (MGA) | MGAs]] and [[Definition:Program administrator | program administrators]] operating under [[Definition:Delegated underwriting authority (DUA) | delegated authority]], ensuring that certificates are accurately issued and stored is a fundamental compliance obligation that underpins the financial integrity of the entire program.

'''Related concepts'''
{{Div col|colwidth=20em}}
* [[Definition:Facultative reinsurance]]
* [[Definition:Reinsurance slip]]
* [[Definition:Reinsurance contract]]
* [[Definition:Reinsurance credit]]
* [[Definition:Ceding company]]
* [[Definition:Reinsurance placement]]
{{Div col end}}

Definition:Reinsurance certificate - Revision history

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