title = "Excess of Loss Treaties"

content = """
Excess of loss (XoL) reinsurance provides coverage when losses exceed a specified attachment point. The reinsurer pays losses above the attachment up to the treaty limit.

**Per Risk XoL:** Attaches to individual risk losses. Protects against severity on large policies. Common in property and casualty lines.

**Per Occurrence XoL:** Attaches to losses from a single occurrence or event. Protects against catastrophe or large single events.

**Aggregate XoL:** Attaches when accumulated losses over a period exceed a threshold. Provides stop-loss protection for the overall portfolio.

**Layers:** XoL is often structured in layers (e.g., 0–1M primary, 1M–5M first excess, 5M–10M second excess). Each layer may have different reinsurers and pricing.
"""  # noqa: E501

version = "0.0.1"
