{
  "id": "clause-portfolio-transfer-entry-withdrawal",
  "type": "clause",
  "languages": {
    "en": {
      "id": "clause-portfolio-transfer-entry-withdrawal",
      "lang": "en",
      "type": "clause",
      "title": "Portfolio Transfer / Entry-Withdrawal Clause",
      "shortDefinition": "The portfolio transfer / entry-withdrawal clause governs whether and how, at the start or end of a proportional treaty, unearned premium and outstanding claims reserves are transferred between the parties.",
      "synonyms": [
        "Portfolio entry-withdrawal clause"
      ],
      "linesOfBusiness": [
        "Reinsurance"
      ],
      "jurisdictions": [
        "Global"
      ],
      "tags": [
        "Reinsurance",
        "Portfolio management"
      ],
      "relations": {
        "relatedTerms": [
          "term-loss-portfolio-transfer",
          "term-treaty-reinsurance"
        ],
        "partOf": [],
        "appliesTo": [
          "term-treaty-reinsurance"
        ],
        "regulatedBy": [],
        "relevantFor": [],
        "insurableVia": [],
        "mitigatedBy": [],
        "comprises": [],
        "alternativeTo": [],
        "complementedBy": []
      },
      "attribute": null,
      "profile": null,
      "coverageProfile": null,
      "clause": {
        "kind": "condition",
        "origin": "reinsurance-market",
        "favours": "neutral",
        "negotiability": "standard",
        "standardWordings": []
      },
      "legalBasis": [],
      "standards": [],
      "reviewStatus": "expert-reviewed",
      "reviewedBy": "Guido Hesse, Hesse Group Holding AG",
      "lastReviewed": "2026-09-04",
      "version": "0.1.0",
      "updated": "2026-09-03",
      "generated": {
        "by": "cursor-agent/claude-sonnet-5",
        "at": "2026-09-03T00:00:00.000Z"
      },
      "verified": [
        {
          "by": "human:ghesse",
          "at": "2026-09-04T00:00:00.000Z",
          "method": null
        }
      ],
      "staleAfter": null,
      "url": "https://hgh.ch/lexikon/en/knowledge/clause/portfolio-transfer-entry-withdrawal-clause/",
      "alternateUrl": "https://hgh.ch/lexikon/de/wissen/klausel/portfolio-transfer-entry-withdrawal-klausel/",
      "body": "## Purpose\n\nWhen switching from one reinsurer to another, or at the start or end of a treaty written on a \"losses occurring\" rather than \"risks attaching\" basis, the question arises of who is liable for risks that are already in force at the effective date but not yet expired. The clause governs the transition of such open obligations by transferring a share of unearned premium (portfolio entry) on entry, or the reverse (portfolio withdrawal) on exit.\n\n## Effect and limits\n\nOn portfolio entry, the new reinsurer assumes liability for risks still open at the effective date, and sometimes also for losses already incurred but not finally settled, in exchange for a premium transfer. On withdrawal, the outgoing reinsurer correspondingly returns premium and is released from further liability. The precise calculation method (pro rata, actual reserves) must be fixed contractually.\n\n## Negotiation and practice\n\nKey points of dispute are the valuation of transferred reserves and the treatment of late-developing losses from the transition period. The clause is particularly relevant when switching reinsurance partners or restructuring reinsurance programmes."
    },
    "de": {
      "id": "clause-portfolio-transfer-entry-withdrawal",
      "lang": "de",
      "type": "clause",
      "title": "Portfolio-Transfer-/Entry-Withdrawal-Klausel",
      "shortDefinition": "Die Portfolio-Transfer-/Entry-Withdrawal-Klausel regelt, ob und wie bei Beginn oder Beendigung eines proportionalen Vertrags die noch nicht verdiente Prämie und die offenen Schadenreserven zwischen den Parteien übertragen werden.",
      "synonyms": [
        "Portfolioübertragungsklausel"
      ],
      "linesOfBusiness": [
        "Rückversicherung"
      ],
      "jurisdictions": [
        "Global"
      ],
      "tags": [
        "Rückversicherung",
        "Portfoliomanagement"
      ],
      "relations": {
        "relatedTerms": [
          "term-loss-portfolio-transfer",
          "term-treaty-reinsurance"
        ],
        "partOf": [],
        "appliesTo": [
          "term-treaty-reinsurance"
        ],
        "regulatedBy": [],
        "relevantFor": [],
        "insurableVia": [],
        "mitigatedBy": [],
        "comprises": [],
        "alternativeTo": [],
        "complementedBy": []
      },
      "attribute": null,
      "profile": null,
      "coverageProfile": null,
      "clause": {
        "kind": "condition",
        "origin": "reinsurance-market",
        "favours": "neutral",
        "negotiability": "standard",
        "standardWordings": []
      },
      "legalBasis": [],
      "standards": [],
      "reviewStatus": "expert-reviewed",
      "reviewedBy": "Guido Hesse, Hesse Group Holding AG",
      "lastReviewed": "2026-09-04",
      "version": "0.1.0",
      "updated": "2026-09-03",
      "generated": {
        "by": "cursor-agent/claude-sonnet-5",
        "at": "2026-09-03T00:00:00.000Z"
      },
      "verified": [
        {
          "by": "human:ghesse",
          "at": "2026-09-04T00:00:00.000Z",
          "method": null
        }
      ],
      "staleAfter": null,
      "url": "https://hgh.ch/lexikon/de/wissen/klausel/portfolio-transfer-entry-withdrawal-klausel/",
      "alternateUrl": "https://hgh.ch/lexikon/en/knowledge/clause/portfolio-transfer-entry-withdrawal-clause/",
      "body": "## Zweck\n\nBeim Wechsel von einem Rückversicherer zum nächsten oder bei Vertragsbeginn/-ende auf «losses occurring»- statt «risks attaching»-Basis entsteht die Frage, wer für Risiken haftet, die zum Stichtag bereits laufen, aber noch nicht abgeschlossen sind. Die Klausel regelt den Übergang solcher laufenden Verpflichtungen mittels Übertragung eines Anteils an der unverdienten Prämie (Portfolio-Entry) beim Eintritt oder umgekehrt (Portfolio-Withdrawal) beim Austritt.\n\n## Wirkung und Grenzen\n\nBei Portfolio-Entry übernimmt der neue Rückversicherer gegen eine Prämienübertragung auch die Haftung für zum Stichtag noch offene Risiken und teils auch für bereits eingetretene, aber noch nicht abschliessend regulierte Schäden. Beim Austritt (Withdrawal) gibt der scheidende Rückversicherer entsprechend Prämie zurück und wird von der weiteren Haftung entlastet. Die genaue Berechnungsmethode (pro rata, tatsächliche Reserven) muss vertraglich festgelegt sein.\n\n## Verhandlung und Praxis\n\nZentrale Streitpunkte sind die Bewertung der übertragenen Reserven und die Behandlung von Spätschäden aus der Übergangsperiode. Die Klausel ist besonders bei Wechseln des Rückversicherungspartners oder bei Restrukturierungen von Rückversicherungsprogrammen relevant."
    }
  }
}