The Treaty Adjustment page allows you to adjust the actual premiums. The system will automatically calculate the adjustment premium according to an internally defined formula with the following treaty layer variables: Rate Type, Minimum Rate, Maximum Rate, Loading Factor and Minimum Deposit Premium. This allows you to settle the account with the reinsurer company.

 

In the Search block, you can fill in the search criteria with their proper details and then click, accordingly the matching results will be displayed; this feature allows you to do treaty adjustments on multi-layer basis.

 

To do so, you need to click  and then go through the following steps:

 

§  Select the Treaty Layer of which the treaty adjustment will be based on;

§  The Adjustment Date will be automatically set by the system to the date of entry. However, you can change it if so desired;

§  Once you have finished entering all necessary data, click ;

§  The system will automatically calculate and display the Treaty Adjustment Details;

§  Click  to post this adjustment amount to the financial system.