Proportional TreatyProportional Treaty\TreatiesTreaties\Cover Premium Share
Cover Premium Share

 

 

To add a new layer cover premium share entry, you need to click  in the Layer Cover Premium Shares List block and then perform the following steps:

 

§  The Layer name will be automatically displayed by the system according to the selected treaty layer;

§  Select the Policy Type for this entry;

§  Select the Cover Premium from the available list. Cover premiums will be filtered based on the policy type selected;

§  Enter the Ceded Percentage, Retention Percentage, Commission Percentage, Capacity and Profit Commission Percentage for the selected layer;

§  Enter in the Event Limit which indicates the capacity of this layer in case an event occurs;

§  From the Distribution Basis drop-down list, select the basis for distributing the shares; based on Sum Insured or Case Limit;

§  Once you have finished entering in all necessary data, click.

 

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