title = "Multi-Year Treaties"

content = """
Multi-year treaties run for more than one year, providing stability and potentially favorable terms in exchange for longer commitment.

**Benefits:** Cedents secure capacity and terms for multiple years. Reinsurers gain premium stability and reduced placement costs. Both may benefit from reduced transaction costs.

**Risks:** Cedents bear the risk of overpaying if loss experience improves. Reinsurers bear the risk of adverse development. Inflation and exposure growth may require adjustments.

**Adjustment Mechanisms:** Multi-year treaties may include premium adjustment clauses, inflation indices, or exposure-based adjustments to address changes over the period.
"""  # noqa: E501

version = "0.0.1"
