Reinsurance (Layer Reinsurance)

 

The following table details the validation rules for Touchstone fields related to layer reinsurance:

Field

Description

Validation Rules

Default Value

Reinsurer Name

Name of the reinsurer

       Optional

       Can contain up to 60 characters

 

Reinsurance Type

One of the following reinsurance types:

       Facultative (FAC)

       Surplus Share (SS)

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

       Defaults to a value in the Touchstone user interface

Facultative

Certificate ID

Certificate ID for facultative reinsurance or treaty ID for surplus share reinsurance

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

       Cannot begin with a space or contain commas or semicolons

       Can contain up to 100 characters

 

Perils

Perils that this layer reinsurance certificate or 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 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 layer peril set

All perils (PAL)

Ceded Amount

Specifies the Ceded Percentage value for the reinsurance treaties or certificates. (During Import, the value is in the "Ceded Percentage" column.)

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

       Must be greater than "0" if the reinsurance type is Facultative

       Must be a numeric value between "0" and "100", inclusive, where "100" = 100%.

100.00

Gross Limit

Gross limit, that is, the maximum amount of loss that this reinsurance treaty or certificate will cover.

       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.

       Must be a numeric value between 0 and 999999999999999, inclusive

 

Attachment Point

The point of loss above which the reinsurance contract is triggered.

 

This term is synonymous with "retention" under an excess reinsurance contract.

       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.

       Must be a numeric value between 0 and 999999999999999, inclusive

 

 


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Touchstone 4.0 Updated August 28, 2018