Reinsurance (location reinsurance)
Validation rules for fields related to location reinsurance.
Select an exposure view, a contract in the contract list, the Contract Details pane, the location, and then the Reinsurance tab.
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 | The name of the reinsurer. |
|
|
Reinsurance Type | Available reinsurance types:
|
|
Facultative |
Certificate ID | The certificate ID for facultative reinsurance. Specify the treaty ID for surplus share reinsurance. |
|
|
Perils | The perils that this layer reinsurance certificate or
treaty covers. See topics in the peril codes section for more information. 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). |
|
All perils (PAL) |
Ceded Amount | The ceded percentage value for the reinsurance treaties or certificates. (During import, the value is in the "Ceded Percentage" column.) |
|
100.00 |
Gross Limit | The gross limit, that is, the maximum amount of loss that this reinsurance treaty or certificate will cover. |
|
|
Attachment Point | 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. |
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0 |