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Reinsurance (Location Reinsurance) |
| 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. |
The following table details the validation rules for Touchstone fields related to location reinsurance:
Field |
Description |
Validation Rules |
Default Value |
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Name of the reinsurer |
• Optional • Can contain up to 60 characters |
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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 • Cannot be Surplus Share if the applicable contract has layers • The Surplus Share treaty IDs must match the treaty IDs for any surplus share reinsurance programs in order for occurrence or aggregate limits to be applied correctly. |
Facultative |
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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 |
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Perils that this layer reinsurance certificate or treaty covers
See the list of valid peril codes.
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• At least one peril is required if you are creating a new record or editing an existing record. • Must be a subset of the contract peril set |
All perils (PAL) |
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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 "1" = 100%. |
100.00 |
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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 |
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Attachment point, that is, the amount of original risk above which the limit 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. |
• Defaults to a value in the Touchstone user interface • 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 |
0 |
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© 2020 AIR Worldwide. All rights reserved. Touchstone 7.0 Updated September 03, 2020 |
