Takaful Reinsurance (Retakaful)
Takaful Reinsurance (Retakaful)
Section titled “Takaful Reinsurance (Retakaful)”Retakaful treaty management, cession processing, and reinsurance accounting for takaful operators.
Overview
Section titled “Overview”The Retakaful rail manages reinsurance operations:
- Treaty management — Create and manage retakaful treaties (quota share, surplus, excess of loss)
- Cession processing — Calculate and process cession amounts to retakaful operators
- Bordereaux — Generate premium and claims bordereaux for retakaful partners
- Accounting — Retakaful receivables, payables, and settlement reconciliation
- Treaty renewals — Automated renewal workflows with terms negotiation
Key Concepts
Section titled “Key Concepts”| Concept | Description |
|---|---|
| Retakaful | Shariah-compliant reinsurance between takaful operators |
| Quota Share | Fixed percentage cession of all risks |
| Surplus Treaty | Cession of risks above operator’s retention |
| XOL | Excess of Loss — protection against catastrophic claims |
| Cession | The portion of risk transferred to the retakaful operator |
Endpoints
Section titled “Endpoints”Refer to the API Explorer for interactive endpoint documentation.
Authentication
Section titled “Authentication”All endpoints require authentication via Bearer token or API key.
Rate Limiting
Section titled “Rate Limiting”Standard rate limits apply. See Rate Limiting for details.