Triggers (Reinsurance Programs)

 

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

  Triggers do not change the way in which Touchstone applies Catastrophe XOL (CATXOL) terms. These triggers only affect the events to which a trigger applies.

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

       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

 

Industry Loss Minimum

Reserved for future use

 

 

Industry Loss Maximum

Reserved for future use

 

 

Portfolio Loss Minimum

Minimum value of events to which Touchstone should apply this Catastrophe Excess of Loss treaty

 

Touchstone applies CATXOL treaties only to events with net losses between the portfolio minimum and maximum values.

       Applies only to treaties of the Per-Risk Excess of Loss treaty type

       Must be less than the portfolio loss maximum if the portfolio loss maximum value is greater than 0

       Must be a numeric value between 0 and 99999999999999, inclusive

0.0

Portfolio Loss Maximum

Maximum value of events to which Touchstone should apply this Catastrophe Excess of Loss treaty

 

Touchstone applies CATXOL treaties only to events with net losses between the portfolio minimum and maximum values.

       Applies only to treaties of the Per-Risk Excess of Loss treaty type

       Must be greater than the portfolio loss minimum if the portfolio loss maximum value is greater than 0

       Must be a numeric value between 0 and 99999999999999, inclusive

0.0

Starting Event #

Sequence number of an event within a single year's set of events at which Touchstone begins applying this Catastrophe Excess of Loss treaty.

 

Note that this starting event number is not the event ID. Rather, the starting event ID is typically a number between 1 and 10, inclusive, depending on the number of events per year. The default value of 1 indicates that Touchstone applies this Catastrophe Excess of Loss treaty starting with the first event of every year.

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

       Defaults to a value

       Applies only to treaties of the Per-Risk Excess of Loss treaty type

       Must be a numeric value between 1 and 999, inclusive

1

 

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Touchstone 3.0 Updated December 02, 2016