Layers

Establish layers, step-layers, and treaty terms for a new program (or to modify for an existing program).

Companies > [Company] > Programs > [Program] > Layers

Procedure

In the Program Details pane, select the Layers tab.

For Cat Bond programs, refer to the topic Catbond layer.
Modify the default layer 1, or click to add a new layer, or click to add a new step-layer.

For each layer (or step-layer), select (highlight) the layer and then establish terms and details.


Field	Default Value	Description
Treaty ID	Assigned by application	10 digit alphanumeric ID
Occurrence limit	Blank	Maximum loss that this treaty can incur.
MatchLoss	No	To match losses to occurrence limit, set to Yes.
Occurrence retention	Blank	Value below which occurrence losses are not assumed by the layer
Aggregate limit	Blank	[Aggregate excess of loss, cat bond, ground-up, and quota share programs only] Maximum loss that can be incurred by the layer across all occurrences within each year
Aggregate retention	Blank	[Aggregate excess of loss, cat bond, ground-up, and quota share programs only]. The value below which the year's total occurrence losses (otherwise recoverable) are not assumed by the layer.
Applies to areas	United States	Geographic areas the layer will apply to. Click to redefine the area.
Multi-Year Reset Date	Blank
Applies to Events	All	Events the layer will apply to. Click to redefine the area.
Reinstatements	1	Number of times the layer may be reinstated during the contract year.
Status	Submitted	Submitted (default), Authorized, or Bound.
%Placed	100%	Thepercentage of the treaty that has been placed with reinsurers.
Insurer'sCoinsurance	0%	The portion of the losses to the layer that are paid by the reinsuranceprogram.
Gross Participation	0	The percentage of the losses to be assumed by the reinsurer.
Net Participation	0	The actual amount that the original reinsurer is liable for.
Participation 3	0	The reinsurers' share of the portfolio,u ser-defined.
Participation 4	0	The reinsurers' share of the portfolio,user-defined.
Program Category 1 - 5		Program User Defined Categories (UDCs) are used to assign predefined meaningful and useful categories and classifications. To assign a UDC, select the program row, locate the appropriate Program Category column, and then select an item from the Program Category list. Click x to clear your selection. The default names for the program category (and corresponding column title) can be overwritten in the Administration Console.

Below the terms, select the perils to associate with this layer. Each layer can be associated with one or more perils.
Establish triggers to associate with the currently selected layer.
Select the Program Options tab and then define a target for the program and make other adjustments.
Select the Relationships tab to adjust relationships between programs. This is where you can specify inuring and sourcing program relationships.
Select the EP Adjustments tab and edit as needed.
Click to save your changes.

Right-click on a layer to use the copy and paste functions.
To delete a existing layer, select it and then click .