title = "Retention and Attachment Points"

content = """
Retention is the amount the cedent keeps before ceding. Attachment point is the loss level at which reinsurance responds. Both are fundamental to program structure.

**Proportional Retention:** In quota share, retention is the unceded percentage. In surplus, retention is the line amount retained per risk.

**Non-Proportional Attachment:** The attachment point (e.g., $1M excess of $1M) defines when the reinsurer pays. Losses below attachment are cedent's; above attachment up to the limit are reinsurer's.

**Optimization:** Retention and attachment affect premium cost, capacity, and risk profile. Balancing these is a key underwriting and capital decision.
"""  # noqa: E501

version = "0.0.1"
