Triggers (reinsurance programs)

Validation rules for triggers related to treaty terms for CAT XOL reinsurance only.

Triggers do not apply to any other treaty types. Triggers do not change the way in which Verisk Synergy Studio applies CAT XOL terms. These triggers only affect the events to which a trigger applies.

Field Description Validation rules Default value
Treaty Type Catastrophe Excess of Loss treaties only. Required if you are creating a new record or editing an existing record.
Treaty ID User-specified name of this treaty.
  • 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.
Industry Loss Minimum Reserved for future use
Industry Loss Maximum Reserved for future use
Portfolio Loss Minimum Minimum value of events to which the application should apply this CAT XOL treaty. it applies CATXOL treaties only to events with net losses between the portfolio minimum and maximum values.
  • Must be less than the portfolio loss maximum if the portfolio loss maximum value is greater than 0.
  • Must be a numeric value between 0 and 99999999999999, inclusive
0.0
Portfolio Loss Maximum Maximum value of events to which the application should apply this CAT XOL treaty. It applies CAT XOL treaties only to events with net losses between the portfolio minimum and maximum values.
  • Must be greater than the portfolio loss minimum if the portfolio loss maximum value is greater than 0.
  • Must be a numeric value between 0 and 99999999999999, inclusive.
0.0
Starting Event # Sequence number of an event within a single year's set of events at which the application begins applying this CAT XOL treaty. This starting event number is not the event ID. It is typically a number between 1 and 10, inclusive, depending on the number of events per year. The default value of 1 indicates that it applies this treaty starting with the first event of every year.
  • Required if you are creating a new record or editing an existing record.
  • Defaults to a value.
  • Must be a numeric value between 1 and 999, inclusive
1