Surplus share

{
  "id": "MLC-T-INS-003256",
  "term": "Surplus share",
  "field": "Insurance and risk management",
  "definition": "The portion of a risk that a reinsurer assumes in a surplus reinsurance treaty, representing the amount exceeding the ceding insurer's retention limit. This share is expressed as a percentage or a multiple of the ceding insurer's retention. The reinsurer receives a proportional share of the premium and pays a proportional share of the losses for this portion of the risk.",
  "url": "https://mlchart.com/terminology/insurance/surplus-share/"
}