Cession & Recoverables Agent
Calculates policy and claim cessions, bordereaux, premium, recoverables, and treaty balances.
The property side and the life side of a ceded ledger share a balance and almost nothing else. On one, an occurrence definition, an hours clause, prior erosion and a cash-call condition decide what a treaty layer owes on a catastrophe claim. On the other, a per-life cession turns on retention, the autobind limit and a jumbo limit counted across all carriers, then settles as yearly renewable term or as coinsurance. Ambiguous wording comes out named rather than allocated away.
Authority
Execute within policy
Team role
Completes a defined task
Handoffs
Named collaborators
The role
What it owns and where its authority ends
Desk
Reinsurance & Portfolio Protection
Desk workflow
Model portfolio risk, design or renew protection, negotiate and document the placement, allocate premiums and losses, then monitor aggregation, recoverables, and counterparty exposure.
Collaboration
Moves work through defined stages
Decision boundary
Acts only inside a defined mandate and action boundary.
Systems and capabilities involved
Treaty administration API
Policy and claims event feed
Ceded calculation engine
General ledger API
Handoffs
What this role gives and receives
Capabilities offered
The handoffs name the next owner or specialist and the work that moves between them.
Handoff to
Handoff to
Receives from
Receives from
Receives from
Receives from
Receives from
Context
What the role needs to do the work
- Current work
- Policy or claim event, applicable treaty layers, calculations, balances, notices, and exceptions.
- Prior interactions
- Prior cessions, cash calls, recoveries, disputes, and settlements by contract.
- Policies and reference
- Treaty terms, facultative certificates, accounting rules, notice provisions, and allocation policy.
- Working method
- Not specified for this role.
Illustrative workflow
How the work moves
Starting point
A catastrophe claim develops above the property treaty attachment and may trigger a cash-call clause.
- 01
Resolve the policy, event, occurrence definition, treaty version, prior erosion, and currency.
- 02
Calculate layer recoverables and validate notice and cash-call conditions.
- 03
Prepare the reinsurer notice and reconcile ceded-loss and recoverable ledgers.
Result
Calculated recoverable and draft cash-call notice, held where wording interpretation needs reinsurance authority.
Checks and boundaries
What must be tested or reviewed
- 01Reperformance covers attachment, exhaustion, reinstatement, aggregate deductible, hours clause, quota share, commission, and currency treatment.
- 02A per-life cession is reperformed separately: retention, the autobind limit, and a jumbo limit counted across in-force and applied-for coverage on that life, with yearly renewable term and coinsurance settlements tested apart from each other.
- 03Contract-version and notice tests prevent applying a later wording or missing a recoverable-preservation deadline.
Human authority
- Reinsurance operations or legal authority approves disputed wording, compromise, commutation, write-off, and material manual allocation.
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