Quota Share Ceding Commission Net Retained Calculator
Reconcile actual quota-share premium/loss and commission on ceded premium, exact separate money rounding; no retrocession attachment waterfall, treaty wording, profit commission or tax/accounting approval.
Description
Quota-share allocation cedes the same stated fraction of premium and loss.
Quota-share allocation cedes the same stated fraction of premium and loss. Ceding commission applies to rounded ceded premium.1
The returned values include Caller ceded premium minor, Caller ceding commission minor, Caller net retained premium minor, Caller ceded loss minor, Caller retained loss minor. The How section below explains the calculation, input rules and interpretation.
When to use Quota Share Ceding Commission Net Retained Calculator
Use Quota Share Ceding Commission Net Retained Calculator when you need to evaluate the supplied records under the calculation and evidence rules below. No treaty interpretation, profit commission, retrocession waterfall or tax/accounting approval is supplied.
Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
How to use Quota Share Ceding Commission Net Retained Calculator and understand its results
- Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
- Enter callerGrossWrittenPremiumMinor, callerIndependentlyCoveredGrossLossMinor, callerQuotaShareCededBasisPoints, callerCedingCommissionBasisPoints using the field table and calculation rules, then run the tool.
- Read callerCededPremiumMinor, callerCedingCommissionMinor, callerNetRetainedPremiumMinor, callerCededLossMinor, callerRetainedLossMinor. The explanation below defines the units, signs, ordering and any flags or placeholder values.
- If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.
| Input field | Meaning | Value type; see rules below | Requirement |
|---|---|---|---|
| callerGrossWrittenPremiumMinor | Caller gross written premium minor | number | Required |
| callerIndependentlyCoveredGrossLossMinor | Caller independently covered gross loss minor | number | Required |
| callerQuotaShareCededBasisPoints | Caller quota share ceded basis points | number | Required |
| callerCedingCommissionBasisPoints | Caller ceding commission basis points | number | Required |
Enter integer premium/loss money 0–10¹² and integer ceded-share/commission basis points 0–10000. Round each allocation separately; return ceded premium, commission, retained premium including commission, ceded loss and gross-minus-ceded retained loss.
cededPremium=roundMinor(grossPremium×share/10000); commission=roundMinor(cededPremium×commissionBps/10000) Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.
| Output field | Meaning | Value type |
|---|---|---|
| callerCededPremiumMinor | Caller ceded premium minor | number |
| callerCedingCommissionMinor | Caller ceding commission minor | number |
| callerNetRetainedPremiumMinor | Caller net retained premium minor | number |
| callerCededLossMinor | Caller ceded loss minor | number |
| callerRetainedLossMinor | Caller retained loss minor | number |
{
"input": {
"callerGrossWrittenPremiumMinor": 10000,
"callerIndependentlyCoveredGrossLossMinor": 8000,
"callerQuotaShareCededBasisPoints": 4000,
"callerCedingCommissionBasisPoints": 2500
},
"output": {
"callerCededPremiumMinor": 4000,
"callerCedingCommissionMinor": 1000,
"callerNetRetainedPremiumMinor": 7000,
"callerCededLossMinor": 3200,
"callerRetainedLossMinor": 4800
}
}Limitations and assumptions
No treaty interpretation, profit commission, retrocession waterfall or tax/accounting approval is supplied.
Numeric inputs, where present, must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors.
Alternative or Complementary methods
Use Reserve Paid Outstanding Reconciliation Tool: Claim reserve closure compares incurred with paid plus outstanding. Unknown evidence must be listed separately from genuine zero discrepancies. For a complementary task, use Premium Audit Payroll Exposure Adjustment Tool: Payroll premium audits compare estimated and observed class exposures under verified rates. Class rounding precedes a separately applied total minimum.
References
Similar or alternative tools
- Reserve Paid Outstanding Reconciliation Tool
Claim reserve closure compares incurred with paid plus outstanding. Unknown evidence must be listed separately from genuine zero discrepancies.
- Premium Audit Payroll Exposure Adjustment Tool
Payroll premium audits compare estimated and observed class exposures under verified rates. Class rounding precedes a separately applied total minimum.