Terms (reinsurance programs)

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.
• Must be unique within the reinsurance program.
• Cannot begin with a space.
• Can contain up to 100 characters.

One of the following types of exposure to which this treaty applies:

• Portfolio
• Contract
• Location or Layer

If you select Location or Layer as the target type, Touchstone automatically applies the treaty at the location level if there are no layers in the policy, and at the layer level if there are layers in the policy.

• The following list summarizes the applicable target type options per treaty type:

  • Quota Share: Contract; Location or Layer.
  • Per-Risk Excess of Loss: Contract; Location or Layer.
  • Surplus Share: Location or Layer.
  • Catastrophe Excess of Loss: Portfolio.
• Required if the treaty type is Quota Share or Per-Risk Excess of Loss.
• Defaults to a value if the treaty type is Catastrophe Excess of Loss.

One of the following trigger type values to indicate the type of loss occurrence to which this treaty coverage applies:

• Losses Occuring During: Treaty coverage is applied to losses occurring between the treaty inception and expiration dates.
• Risks Attaching: Treaty coverage is applied to losses occurring to risks attached or incepted during the treaty period but that may have a policy expiration date beyond that of the treaty.

• The following list summarizes the applicable trigger type options per treaty type:
  • Quota Share: Losses Occurring During; Risks Attaching.
  • Per-Risk Excess of Loss: Losses Occurring During; Risks Attaching.
  • Surplus Share: Losses Occurring During; Risks Attaching.
  • Catastrophe Excess of Loss: Losses Occurring During.
• Required if the treaty type is Quota Share, Surplus Share, or Per-Risk Excess of Loss.
• Defaults to a value if the treaty type is Catastrophe Excess of Loss.

Ceded amount as a percentage

Percent Ceded is applied before aggregate and occurrence terms while Percent Placed is applied after aggregate and occurrence terms.

• Required if you are creating a new record or editing an existing record.
• Defaults to a value.
• Must be a numeric value between 0 and 100, inclusive.

• Applies only to Per-Risk Excess of Loss treaties.
• Must be a numeric value between 0 and 99999999999999, inclusive.

• Applies only to Per-Risk Excess of Loss treaties.
• Must be a numeric value between 0 and 99999999999999, inclusive.

• Applies only to Per-Risk Excess of Loss treaties.
• Must be a numeric value between 0 and 99999999999999, inclusive.

• Must be a numeric value between 0 and 99999999999999, inclusive.

Deductible amount 1

• Applies only to treaties of the Catastrophe Excess of Loss treaties.
• Must be a numeric value between 0 and 99999999999999, inclusive.

Maximum amount payable under this treaty that provides overall maximum loss limitation

• Must be 0 if the reinstatement amount is greater than 0.
• Must be a numeric value between 0 and 99999999999999, inclusive.

• Applies only to Catastrophe Excess of Loss treaties.
• Must be a numeric value between 0 and 99999999999999, inclusive

Percentage of the limit that has been placed in the reinsurance market

• Required if you are creating a new record or editing an existing record.
• Defaults to a value.
• Must be a numeric value between 0 and 100, inclusive.

Maximum number of times the risk limit can be reinstated after the application of a loss amount during the coverage period

You can specify a reinstatement value instead of an aggregate limit. If there are no reinstatements, the aggregate limit equals the occurrence limit. A treaty cannot have both an aggregate limit and a restatement amount that is greater than 0.

Enter 0 to represent no reinstatements or 99 to represent unlimited reinstatements.

• Applies only to Catastrophe Excess of Loss treaties.
• Must be 0 if the aggregate limit is greater than 0.
• Must be a numeric value between 0 and 99, inclusive.

Geographic area to which the treaty applies.

Define a geographic area by clicking the down arrow, specifying the desired level of regional detail in the filter widget that appears, and then clicking Close.

• CATXOL: The detailed loss analysis results must be saved at the LOB or appropriate geographic resolution or higher for these fields to be effective for CATXOL treaties. For example, if a CATXOL treaty includes an LOB specified in the Applies to LOB field (on the Terms tab for the treaty), but the loss results are not saved by LOB, Touchstone will ignore what is specified in the Applies to LOB field and apply the CATXOL treaty to all LOBs. Similarly, if a CATXOL treaty includes a geographic area within the Applies to Area field (on the Terms tab for the treaty), but the loss results are not saved by that particular geographic resolution, Touchstone will ignore what is specified in the Applies to Area field and apply the CATXOL treaty to all geographic areas.
• QS & XPR: You do not need to save by the same resolution for Quota Share and Per-Risk XOL treaties for Touchstone to apply the treaties correctly. For example you can save by Event Total and the QS and XPR treaties will apply correctly to what is specified in the Applies to LOB and Applies to Area fields.

User lines of business (LOBs) to which this treaty applies.

• CATXOL: Detailed loss analysis results must be saved at the LOB or appropriate geographic resolution or higher for these fields to be effective for CATXOL treaties. For example, if a CATXOL treaty includes an LOB specified in the Applies to LOB field (on the Terms tab for the treaty), but the loss results are not saved by LOB, Touchstone will ignore what is specified in the Applies to LOB field and apply the CATXOL treaty to all LOBs. Similarly, if a CATXOL treaty includes a geographic area within the Applies to Area field (on the Terms tab for the treaty), but the loss results are not saved by that particular geographic resolution, Touchstone will ignore what is specified in the Applies to Area field and apply the CATXOL treaty to all geographic areas.
• QS & XPR: You do not need to save by the same resolution for Quota Share and Per-Risk XOL treaties for Touchstone to apply the treaties correctly. For example you can save by Event Total and the QS and XPR treaties will apply correctly to what is specified in the Applies to LOB and Applies to Area fields.

• Applies only to Catastrophe Excess of Loss (CATXOL), Quota Share, and Per-Risk Excess of Loss (XPR) treaties.
• You can specify up to 200 lines of business for this field. To select additional lines of business, create another treaty in the same reinsurance program.
• Enter None or another non-existent value if you do not want to apply reinsurance to your exposure data. If you leave this field blank, Touchstone will apply reinsurance to all LOBs.

• Applies only to Catastrophe Excess of Loss treaties.
• Required if you are creating a new record or editing an existing record.
• Defaults to a value.
• Must be a numeric value between 0 and 100, inclusive.