Reinsurance (location reinsurance)

Validation rules for fields related to location reinsurance.

Project Data > Exposure Views > {Select an Exposure View} > Contract List > {Select a Contract} > Contract Details pane > Locations > {Select a Location} > Reinsurance

Note: If the limit type for a location is N - No limit, you cannot specify location reinsurance for the location. You can add location reinsurance from the Reinsurance tab located at the bottom of the Locations tab. To add one or more reinsurance sets, open a contract, select the Reinsurance tab, and then click Add Reinsurance Set. Touchstone adds the reinsurance set columns at the far right of the Reinsurance tab. As you scroll, you will see the identifier for each set of reinsurance: Reinsurance 1, Reinsurance 2, etc.
Field Description Validation rules Default value
Reinsurer Name Enter the name of the reinsurer.
  • Optional
  • Can contain up to 60 characters
Reinsurance Type

Select one of the following reinsurance types:

  • Facultative (FAC)
  • Surplus Share (SS)
  • This field is required if you are creating a new record or editing an existing record.
  • The field defaults to a value in the Touchstone user interface.
  • The Surplus Share type is not valid if the applicable contract has layers.
  • The Surplus Share treaty IDs must match the treaty IDs for any surplus share reinsurance programs for occurrence or aggregate limits to be applied correctly. The Certificate ID field is used to specify treaty IDs for surplus share reinsurance.
 Facultative
Certificate ID

Specify the certificate ID for facultative reinsurance. Specify the treaty ID for surplus share reinsurance.
  • This field is required if you are creating a new record or editing an existing record.
  • Do not enter a value that begins with a space or contains commas or semicolons.
  • This field can contain up to 100 characters.
Perils

Specify the perils that this layer reinsurance certificate or treaty covers.

See the list of valid peril codes.

Note: To specify multiple perils in a single entry within an import file, separate the corresponding peril codes with a Plus (+) symbol, such as, PWH+PES).
  • At least one peril is required if you are creating a new record or editing an existing record.
  • Must be a subset of the contract peril set.
 All perils (PAL)
Ceded Amount Specify the ceded percentage value for the reinsurance treaties or certificates. (During Import, the value is in the "Ceded Percentage" column.)
  • This field is required if you are creating a new record or editing an existing record.
  • The amount must be greater than "0" if the reinsurance type is facultative.
  • The numeric value must be between "0" and "1", inclusive, where "1" = 100%.
 100.00
Gross Limit Enter the gross limit, that is, the maximum amount of loss that this reinsurance treaty or certificate will cover.
  • This field is required if you are creating a new record or editing an existing record.
  • If the reinsurance type is surplus share, and you enter multiple surplus share reinsurance terms, you should treat these terms sequentially, based on the order of rows, where attachment 1 + gross limit 1 <= attachment 2 + gross limit 2 ... <= attachment n + gross limit n.
  • Enter a numeric value between 0 and 999999999999999, inclusive.
Attachment Point

Enter the attachment point, that is, the amount of original risk above which the limit is attached for this reinsurance treaty or certificate.

An attachment point is the loss amount at which excess reinsurance becomes operative. This term is synonymous with "retention" under an excess reinsurance contract.
  • This field defaults to a value in the Touchstone user interface.
  • This field is required if you are creating a new record or editing an existing record.
  • If the reinsurance type is surplus share and you enter multiple surplus share reinsurance terms, treat these terms sequentially, based on the order of rows, where attachment 1 + gross limit 1 <= attachment 2 + gross limit 2 ... <= attachment n + gross limit n .
  • Enter a numeric value between 0 and 999999999999999, inclusive.
 0