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📊 '''Reinsurance program summary''' is a consolidated overview document that maps out the entire [[Definition:Reinsurance program | reinsurance program]] a [[Definition:Cedent | cedent]] has in place, presenting each layer, treaty, and [[Definition:Facultative reinsurance | facultative placement]] in a single coherent view. Rather than forcing a reader to piece together information from dozens of individual [[Definition:Reinsurance contract | contracts]] and [[Definition:Reinsurance contract schedule | schedules]], the summary distills key parameters — attachment points, limits, participating [[Definition:Reinsurer | reinsurers]] and their shares, pricing, and [[Definition:Reinstatement | reinstatement]] terms — into an accessible format. It serves as the primary reference tool for senior management, boards, [[Definition:Rating agency | rating agencies]], and regulators seeking to understand how an insurer has structured its outward [[Definition:Risk transfer | risk transfer]].

🔧 Constructing an accurate reinsurance program summary requires pulling data from multiple sources: treaty [[Definition:Slip | slips]], signed lines, [[Definition:Binding authority agreement | binding authority agreements]], facultative certificates, and any [[Definition:Retrocession | retrocession]] arrangements. The summary is usually organized graphically — often as a tower or stacking diagram — showing how [[Definition:Excess of loss reinsurance | excess of loss]] layers sit above the cedent's [[Definition:Retention | retention]], alongside any [[Definition:Proportional reinsurance | quota share]] or [[Definition:Surplus treaty | surplus treaty]] arrangements that run in parallel. For large multinational insurers, the summary may span multiple programs across different lines of business and geographies, each with its own regulatory constraints. In [[Definition:Solvency II | Solvency II]] jurisdictions, for example, only contracts that meet specific risk transfer criteria qualify for capital relief, so the summary must clearly distinguish qualifying from non-qualifying arrangements. Similarly, under China's [[Definition:C-ROSS | C-ROSS]] framework and the U.S. [[Definition:Risk-based capital (RBC) | risk-based capital]] system, the structure of the reinsurance program directly influences the cedent's required capital.

💡 A well-maintained program summary is indispensable during [[Definition:Renewal | renewal]] season, when brokers and cedents negotiate next year's program against the backdrop of the current structure. It also becomes a critical document during [[Definition:Mergers and acquisitions (M&A) | M&A]] transactions, where buyers use it to evaluate how much catastrophe and attritional risk actually sits with the target entity versus its reinsurance panel. [[Definition:Rating agency | Rating agencies]] such as AM Best, S&P, and Moody's routinely request the program summary as part of their [[Definition:Financial strength rating | financial strength rating]] reviews, assessing whether the cedent's reliance on reinsurance is appropriately diversified and whether counterparty credit risk is concentrated. Increasingly, [[Definition:Insurtech | insurtech]] platforms offer dynamic program summary tools that update in real time as contracts are bound or amended, replacing static spreadsheets with interactive dashboards that enhance both accuracy and decision-making speed.

'''Related concepts:'''
{{Div col|colwidth=20em}}
* [[Definition:Reinsurance program]]
* [[Definition:Reinsurance contract schedule]]
* [[Definition:Excess of loss reinsurance]]
* [[Definition:Retention]]
* [[Definition:Retrocession]]
* [[Definition:Catastrophe modeling]]
{{Div col end}}

Definition:Reinsurance program summary - Revision history

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