PET - Plain English Taxonomy

Name:	ReinsuranceClassificationDimension
Label:	Reinsurance Classification Dimension
TREF ID:	DM551
Type:	Predefined
Description:	This dimension relates to the types of reinsurance classification.
Usage:	GRF_115_1A_G, GRF_440_0_L

Dimension Members

Name	Label	TREF ID	Description
NonProportionalReinsurance	Non Proportional Reinsurance	DV6047	This refers to either traditional forms of excess of loss reinsurance arrangements written on a treaty reinsurance arrangement basis or reinsurance written on an individual offer and acceptance basis; where the reinsurer pays losses only above an agreed retention/deductible up to an agreed maximum limit.
ProportionalReinsurance	Proportional Reinsurance	DV6048	This refers to either traditional forms of quota share and/or surplus reinsurance placed on a treaty reinsurance basis or reinsurance written on an individual offer and acceptance basis; where the reinsurer and reinsured share, in proportion, the premium and losses of the reinsured.

Name

Label

TREF ID

Description

NonProportionalReinsurance

Non Proportional Reinsurance

DV6047

This refers to either traditional forms of excess of loss reinsurance arrangements written on a treaty reinsurance arrangement basis or reinsurance written on an individual offer and acceptance basis; where the reinsurer pays losses only above an agreed retention/deductible up to an agreed maximum limit.

ProportionalReinsurance

Proportional Reinsurance

DV6048

This refers to either traditional forms of quota share and/or surplus reinsurance placed on a treaty reinsurance basis or reinsurance written on an individual offer and acceptance basis; where the reinsurer and reinsured share, in proportion, the premium and losses of the reinsured.