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. |