Reinsurance (layer reinsurance)

Validation rules for Verisk Synergy Studio 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	The reinsurance type.	Required if you are creating a new record or editing an existing record	Facultative
Certificate ID	Certificate ID for facultative reinsurance 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	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, 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, 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.