Managing Reinsurance Programs

 

The Reinsurance Program Manager enables you to create, import, and manage reinsurance programs. Each program can contain any combination of Per-Risk Excess of Loss (XOL), Catastrophe XOL, Quota Share, and Surplus Share treaties. Reinsurance programs are available at the project level, enabling you to apply a single reinsurance program to multiple exposure views. If your imported exposure data includes facultative certificates, which are applied at the layer and/or the location level, the reinsurance type will be "Facultative" in the Layer Details for the associated contract. You can apply location-level (Spot) facultative reinsurance within a layer.

For detailed information about using reinsurance in Touchstone, refer to the Using Reinsurance in Touchstone guide, which is available on AIR's Client Portal. The guide includes information about the reinsurance contract types that can be applied in Touchstone and the methodology that Touchstone uses to apply the reinsurance contracts when running a detailed loss analysis. It also provides information about how to get exposure data and reinsurance terms into Touchstone, including how to create facultative certificates and reinsurance treaties. The guide provides modeling examples for the various treaties.

  After importing a UPX or CSV file that contains Surplus Share treaty information, you must also create a Surplus Share treaty in the Reinsurance Program manager and link it to the treaty defined in the UPX or CSV file by using the same treaty ID. When configuring an analysis, you apply the Surplus Share treaty by selecting it from the list of available programs in the Apply Reinsurance Programs pane. The user's guide provides extensive information about managing Surplus Share treaties.
 

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.

The Reinsurance Program Manager, which you access by clicking Reinsurance in the project's navigation pane, enables you to perform the following tasks:

         View the list of reinsurance programs and the treaties that comprise each program

         Filter the list of reinsurance programs and the list of treaties

         Edit a reinsurance program

         Create a reinsurance program

         Remove reinsurance programs and treaties

         Save changes to reinsurance programs and treaties

         Duplicate a reinsurance program

         Import a reinsurance program

         Export a reinsurance program

         Export a Reinsurance Submission Package

         Copy and paste a reinsurance treaty

         Show unassociated reinsurance programs, associate them with a project, and use them in detailed loss and geospatial analyses.

  You can import, export, and duplicate reinsurance programs, independent of the exposure data and analysis results to which the terms will eventually apply.

You manage the treaties from  within a reinsurance program. After opening a program, you can view treaty information, terms, and triggers for each treaty in the program.

You select the reinsurance programs that you want to apply to the analysis results when you are configuring a analysis. When you configure a detailed loss analysis, you can specify how to apply facultative reinsurance that may be in your exposure data.

 

 

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Touchstone V3.0 Updated December 01, 2016