Treaty Information (Reinsurance Programs)

 

The following table details the validation rules for Touchstone fields related to treaty information for reinsurance programs:

Field

Description

Validation Rules

Default Value

Treaty Type

One of the following treaty types:

       Catastrophe Excess of Loss

       Quota Share

       Surplus Share

       Per-Risk Excess of Loss

Required if you are creating a new record or editing an existing record

Catastrophe Excess of Loss

Treaty ID

User-specified name of this treaty

 

Surplus Share treaty IDs are not case-sensitive. For example, assume that you import four UPX files, each of which contains a separate Surplus Share treaty, where the treaty IDs are: "SS", "Ss", "sS", and "ss". You then create an exposure view that includes all four UPX files. The Reinsurance Program Manager does not consider the treaty IDs in those four files to be unique. As a result, when you create a Surplus Share program in the Reinsurance Program Manager, select that exposure view as the target exposure, and then try to add a Surplus Share treaty for each Surplus Share treaty included in the exposure data, you will see that the only valid ID in the Treaty ID field is "SS". To apply different limit terms to each of the surplus share treaties, make sure that the treaty IDs are unique before you import the exposures. This is especially important to keep in mind if you have a large portfolio used across multiple exposure views.

Touchstone displays a maximum of 9318 Surplus Share treaty IDs in the Treaty ID list.

       Required if you are creating a new record or editing an existing record

       Must be unique within the reinsurance program

       Cannot begin with a space

       Can contain up to 100 characters

 

Cedant Name

User-specified name of the primary insurance company that has purchased reinsurance

       Optional

       Can contain up to 60 characters

 

Reinsurer Name

User-specified name of the insurer or reinsurer that assumed the cedant's risk under this treaty

       Optional

       Can contain up to 60 characters

 

Treaty Perils

Perils that this treaty covers

 

See the list of valid peril codes.

  To specify multiple perils in a single entry within an import file, separate the corresponding peril codes with a + symbol (e.g., PWH+PES).

       Defaults to a value

       At least one peril is required if you are creating a new record or editing an existing record.

All perils (PAL)

Treaty Status

One of the following submission statuses for this treaty:

       Bound

       Cancelled

       Quoted

       Rejected

       Submitted

Defaults to a value

Bound

Inception Date

Date of the first day on which coverage for this treaty is effective

When importing data, use one of the following formats and select this format in the Options tab of AIR ImportExpress:

       MM/DD/YYYY

       DD/MM/YYYY

       YYYYMMDD

       YYYY-MM-DD

       Required if you are creating a new record or editing an existing record

       Defaults to a value

       Date format is specific to locale of end user.

       Must be less than the expiration date

       Must be a date value between 1/1/1970 and 12/31/2038, inclusive

1/1/[current year]

Expiration Date

Date of the last day on which coverage for this treaty is effective

When importing data, use one of the following formats and select this format in the Options tab of AIR ImportExpress:

       MM/DD/YYYY

       DD/MM/YYYY

       YYYYMMDD

       YYYY-MM-DD

       Required if you are creating a new record or editing an existing record

       Defaults to a value

       Date format is specific to locale of end user.

       Must be greater than the inception date

       Must be date value between 1/1/1970 and 12/31/2038, inclusive

12/31/[current year]

Inuring Order

Inuring order for this treaty

 

Note the following inuring order rules:

       Portfolio inuring treaties must inure after contract and location or layer inuring treaties.

       Contract inuring treaties must inure before portfolio inuring treaties and after location or layer inuring treaties.

       Location or layer inuring treaties must inure before contract and portfolio inuring treaties.

       Defaults to a value

       The inuring order of treaties must start with 1, and all rows must be sequential.

       If a treaty within a reinsurance program has a target type of Portfolio, then the inuring order number of this treaty must be greater than the inuring order number of all other treaties (in the same reinsurance program) that have a target type of Contract or Location or Layer.

       If a treaty within a reinsurance program has a target type of Contract, then the inuring order number of this treaty must be greater than the inuring order number of all other treaties (in the same reinsurance program) that have a target type of Location or Layer.

       If a treaty within a reinsurance program has a target type of Contract, then the inuring order number of this treaty must be less than the inuring order number of all other treaties (in the same reinsurance program) that have a target type of Portfolio.

       If a treaty within a reinsurance program has a target type of Location or Layer, then the inuring order number of this treaty must be less than the inuring order number of all other treaties (in the same reinsurance program) that have a target type of Contract or Portfolio.

       Must be a numeric value between 1 and 99, inclusive

1

Description

User-specified description of this treaty

       Optional

       Can contain up to 1024 characters

 

 

For information about the Terms tab for a Reinsurance Program, see Terms (Reinsurance Programs).

For information about Triggers tab for a Reinsurance Program, see Triggers (Reinsurance Programs).

 

© 2016 AIR Worldwide. All rights reserved.

Click here for information about AIR Worldwide, including copyright, trademarks, confidentiality, and contact information.

Touchstone 3.0 Updated December 02, 2016