In the Non-Proportional Treaty page, you can define excess of loss treaties. To do so, click  in the XL Treaties List block and perform the following steps in the Treaties Entry block:

 

§  Note that the Company name will be automatically displayed by the system;

§  Enter in the Treaty Number;

§  The Loss Year is auto retrieved by the system;

§  Enter the Treaty Name. In the Treaty Name 2 field, enter the treaty name in the alternate language of the system if so desired;

§  Enter in the Inception Date which is when the treaty will be active;

§  The Expiry Date which when the treaty will be inactive is auto-generated by the system, it is calculated by adding 1 year to the Inception Date;

§  Select the Payment Cycle of the minimum deposit instalments; either Annual, Semi-Annual, Quarterly, or Monthly;

§  Enter in the Priority Amount. This amount is the threshold above which the reinsurer will begin to cover;

§  Enter in the Loss Advice Percentage. This will be taken as a percentage of the priority amount; if this amount is reached, then the reinsurer should be notified. The Loss Advice Amount will be automatically updated based on the percentage you fill in here;

§  Select the Protection Base. If you select ‘Priority’, then this treaty is operational for insurance classes natively set as ‘excess of losses. If you select ‘Working XL, then this treaty is operational against retention taken for quota share treaties. If you select ‘Catastrophe’, then the reinsurer will cover the losses only in the case of a catastrophic event. If you select ‘Fac XL’, then the reinsurer will cover the losses for certain policy with specific share, Policy No. Share % will be displayed;

§  Enter in the Estimate GNPI (Gross Net Premium Income); this is the estimate of the GNPI for this line of business;

§  Enter in any necessary Notes;

§  Once you have finished entering in all necessary data, click. You can now define the XL Treaty Business Types.

Note: the Loss Year and the Expiry Date are disabled based on a preference;