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'''Quote of the day:''' |
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{{Quote of the day}} |
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[[File:Logo of Insurer Brain.svg|frameless|center|link=]] |
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{{Quote|text="Imagination is more important than knowledge."|author=Albert Einstein}} |
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'''Did you know?''' |
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== Skill-building book summaries == |
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__NOCACHE__ |
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''Looking to grow your skills? Start with our latest book summaries:'' |
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{{#switch: {{#expr: {{CURRENTTIMESTAMP}} mod 100}} |
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| 0 = {{:Definition:Bordereaux}} |
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🌱 [[Tiny habits (2019) – BJ Fogg]]. Start absurdly small and celebrate to rewire behaviour. |
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| 1 = {{:Definition:Burning cost}} |
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| 2 = {{:Definition:Commutation (reinsurance)}} |
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⚛️ [[Atomic habits (2018) – James Clear]]. Compound small improvements with clear systems. |
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| 3 = {{:Definition:Finite reinsurance}} |
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| 4 = {{:Definition:Fronting}} |
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💥[[The power of habit (2012) – Charles Duhigg]]. Use cue–routine–reward to change outcomes. |
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| 5 = {{:Definition:Follow-the-fortunes}} |
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| 6 = {{:Definition:Cut-through clause}} |
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🥂 [[Never eat alone (2005) – Keith Ferrazzi and Tahl Raz]]. Build relationships with consistent, generous outreach. |
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| 7 = {{:Definition:Binding authority}} |
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| 8 = {{:Definition:Clash cover}} |
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✅ [[Getting things done (2001) – David Allen]]. Capture and clarify to achieve stress-free productivity. |
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| 9 = {{:Definition:Attachment point}} |
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| 10 = {{:Definition:Exhaustion point}} |
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🤗 [[How to win friends and influence people (1936) – Dale Carnegie]]. Use timeless rules for rapport and persuasion. |
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| 11 = {{:Definition:Reinstatement premium}} |
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| 12 = {{:Definition:Sliding-scale commission}} |
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== Inspirational quotes == |
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| 13 = {{:Definition:Profit commission}} |
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''Need a spark of inspiration to lift your day or shift your perspective? Explore our latest collection of quotes:'' |
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| 14 = {{:Definition:Loss portfolio transfer}} |
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| 15 = {{:Definition:Adverse development cover (ADC)}} |
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✨ [[Quotes about the meaning of life]] |
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| 16 = {{:Definition:Aggregate excess-of-loss reinsurance}} |
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| 17 = {{:Definition:Catastrophe excess-of-loss reinsurance}} |
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| 18 = {{:Definition:Per-risk excess of loss reinsurance}} |
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| 19 = {{:Definition:Risks-attaching basis}} |
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| 20 = {{:Definition:Losses-occurring basis}} |
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| 21 = {{:Definition:Claims-made trigger}} |
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| 22 = {{:Definition:Signing down}} |
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| 23 = {{:Definition:Sunset clause}} |
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| 24 = {{:Definition:Utmost good faith}} |
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| 25 = {{:Definition:Contra proferentem}} |
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| 26 = {{:Definition:Incurred but not reported (IBNR)}} |
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| 27 = {{:Definition:Bornhuetter-Ferguson method}} |
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| 28 = {{:Definition:Chain-ladder method}} |
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| 29 = {{:Definition:Stochastic reserving}} |
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| 30 = {{:Definition:Loss development triangle}} |
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| 31 = {{:Definition:Credibility factor}} |
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| 32 = {{:Definition:Allocated loss adjustment expense (ALAE)}} |
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| 33 = {{:Definition:Unallocated loss adjustment expense (ULAE)}} |
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| 34 = {{:Definition:Experience modification factor}} |
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| 35 = {{:Definition:Industry loss warranty (ILW)}} |
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| 36 = {{:Definition:Sidecar (reinsurance)}} |
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| 37 = {{:Definition:Collateralized reinsurance}} |
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| 38 = {{:Definition:Catastrophe bond (CAT bond)}} |
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| 39 = {{:Definition:Retrocession}} |
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| 40 = {{:Definition:Surplus share reinsurance}} |
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| 41 = {{:Definition:Surplus strain}} |
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| 42 = {{:Definition:Surplus relief}} |
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| 43 = {{:Definition:Funds withheld reinsurance}} |
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| 44 = {{:Definition:Modified coinsurance}} |
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| 45 = {{:Definition:Coinsurance penalty}} |
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| 46 = {{:Definition:Anti-concurrent causation clause}} |
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| 47 = {{:Definition:Continuous trigger}} |
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| 48 = {{:Definition:Efficient proximate cause}} |
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| 49 = {{:Definition:Horizontal exhaustion}} |
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| 50 = {{:Definition:Vertical exhaustion}} |
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| 51 = {{:Definition:Sue and labor clause}} |
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| 52 = {{:Definition:Honorable engagement clause}} |
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| 53 = {{:Definition:Hours clause}} |
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| 54 = {{:Definition:Batch clause}} |
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| 55 = {{:Definition:Aggregation clause}} |
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| 56 = {{:Definition:Omnibus clause}} |
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| 57 = {{:Definition:Running down clause}} |
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| 58 = {{:Definition:Warehouse-to-warehouse clause}} |
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| 59 = {{:Definition:General average}} |
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| 60 = {{:Definition:Particular average}} |
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| 61 = {{:Definition:Constructive total loss}} |
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| 62 = {{:Definition:York-Antwerp Rules}} |
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| 63 = {{:Definition:Protection and indemnity (P&I)}} |
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| 64 = {{:Definition:Demand surge}} |
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| 65 = {{:Definition:Social inflation}} |
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| 66 = {{:Definition:Nuclear verdict}} |
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| 67 = {{:Definition:Silent cyber}} |
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| 68 = {{:Definition:Affirmative cyber coverage}} |
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| 69 = {{:Definition:Parametric insurance}} |
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| 70 = {{:Definition:Embedded insurance}} |
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| 71 = {{:Definition:Takaful}} |
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| 72 = {{:Definition:Bancassurance}} |
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| 73 = {{:Definition:Microinsurance}} |
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| 74 = {{:Definition:Captive insurance company}} |
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| 75 = {{:Definition:Cell captive}} |
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| 76 = {{:Definition:Protected cell company (PCC)}} |
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| 77 = {{:Definition:Reciprocal insurance exchange}} |
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| 78 = {{:Definition:Risk retention group (RRG)}} |
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| 79 = {{:Definition:Lloyd's syndicate}} |
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| 80 = {{:Definition:Reinsurance to close (RITC)}} |
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| 81 = {{:Definition:Equitas}} |
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| 82 = {{:Definition:Funds at Lloyd's (FAL)}} |
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| 83 = {{:Definition:Syndicate-in-a-box (SIAB)}} |
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| 84 = {{:Definition:Part VII transfer}} |
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| 85 = {{:Definition:Solvent scheme of arrangement}} |
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| 86 = {{:Definition:Run-off (insurance)}} |
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| 87 = {{:Definition:Demutualization}} |
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| 88 = {{:Definition:Depopulation program}} |
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| 89 = {{:Definition:Probable maximum loss (PML)}} |
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| 90 = {{:Definition:Exceedance probability curve (EP curve)}} |
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| 91 = {{:Definition:Realistic disaster scenario (RDS)}} |
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| 92 = {{:Definition:Monte Carlo simulation}} |
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| 93 = {{:Definition:Copula}} |
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| 94 = {{:Definition:Bühlmann model}} |
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| 95 = {{:Definition:Cape Cod method}} |
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| 96 = {{:Definition:Extra-contractual obligation (ECO)}} |
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| 97 = {{:Definition:Loss in excess of policy limits (XPL)}} |
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| 98 = {{:Definition:Doctrine of reasonable expectations}} |
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| 99 = {{:Definition:Longevity swap}} |
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}} |
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Latest revision as of 22:46, 12 March 2026
Did you know?
📋 Surplus share reinsurance is a proportional reinsurance structure under which the ceding insurer retains a defined dollar amount — its "line" or retention — on each individual risk, and the reinsurer assumes whatever portion of the risk exceeds that retention up to an agreed multiple. Because the split between retained and ceded amounts varies from policy to policy, surplus share reinsurance gives the cedent granular control over its net exposure in a way that flat-percentage quota share treaties cannot.
🔧 Operationally, the cedent sets its retention based on the amount of risk it is comfortable holding net, informed by its capital position, catastrophe models, and portfolio strategy. The treaty capacity is then expressed as a number of "lines" — for example, a nine-line surplus share over a $1 million retention means the reinsurer can accept up to $9 million on any single risk. For each policy written, the cedent calculates the cession percentage by dividing the amount above the retention by the total sum insured. Premium, ceding commission, and losses all follow that same percentage split. Administration is more demanding than a quota share because the cession ratio must be computed risk by risk, often requiring robust data systems — an area where insurtech automation has increasingly streamlined the process.
🎯 Surplus share reinsurance is especially popular among property insurers and MGAs that write a wide spread of values. It lets them retain — and profit from — the smaller, more predictable risks while transferring the outsized exposures that could strain surplus. This selective approach can improve the cedent's loss-ratio stability and capital efficiency simultaneously. In treaty reinsurance negotiations, the size of the retention and the number of lines are key bargaining points: a higher retention earns a better ceding commission from the reinsurer, but it also leaves the cedent more exposed when large losses occur. Striking that balance is at the heart of sound reinsurance-program design.
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