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:

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.