Definition: Working Layer
The first layer above the cedant’s retention wherein moderate to heavy loss activity is expected by the cedant and reinsurer. Working layer reinsurance agreements often include adjustable features to reflect actual underwriting results.
Insurance and Coverage Terms navigation:
Next Topics:
workplace modification or accommodation
Wrap up
Write
Written Premiums
X Table
XCU
Y2K
Yearly Renewable Term
Yield on Invested Assets
YouYour
Zone system
Back to the Insurance and Coverage Terms Home:
Insurance glossary Home