API Reference

Update treaty

put
https://{host}/platform/riskdata/v1/exposures//treaties/

Updates the specified treaty.

A treaty is an agreement between a primary insurer and a reinsurer in which the primary insurer cedes a portion of risk to the reinsurer.

📷

Batch Processing

Use Manage Exposures in Batch to create, update, or delete multiple exposures (portfolios, accounts, locations, policies, or treaties) in a single request.

Path Params
int64
required
≥ 1

ID of EDM.

int32
required
≥ 1

ID of treaty.

Body Params
string
required
length between 0 and 20

Unique name of this treaty. Moody’s recommends using a combination of the cedant name, treaty type, and treaty terms.

string
length between 0 and 40

User-defined name of treaty.

cedant
object
required

Name of risk-holding party (insurer/reinsurer) that transfers a portion of its risk to another risk-holding party (reinsurer/retrocessionaire). Cedant must match an account's cedant for all cessions and treaties to be applied during the analysis.

producer
object

Name of party licensed under a state to sell, solicit, or negotiate insurance.

string
enum
required

Type of treaty.

Allowed:
currency
object

Currency of policy.

string
enum

Defines how insurance policies have their losses covered. If L (losses occurring), claims are covered that occur during the period of this treaty. If R (risks attaching), claims are covered if policy inception occurs during period of this treaty

Allowed:
string
enum
required

Level at which treaty is attached. One of ACCT (account), LOC (location), POL (policy), PORT (portfolio)

Allowed:
double

Amount insurer or reinsurer charges to provide the coverage described in the policy or treaty

double
required

Maximum amount paid out for an event.

double

Amount at which the occurrence layer begins to take loss.

number

Maximum amount paid out for risk in an event. Applies to QUOT and SURP treaties.

double

Amount of risk or loss kept by the ceding company for its own account or for others.

double

Percentage of a treaty’s coverage that has been accepted by participating reinsurers.

string
required

Effective date of this treaty in format, e.g. 2020-01-01T00:00:00.000Z. From this date losses are eligible for recovery.

string
required

Expiration date of this treaty in format, e.g. 2020-01-01T00:00:00.000Z. From this date a loss-occurring policy/treaty/program no longer takes loss and a risks-attaching policy/treaty/program no longer allows risks to attach.

double

Percentage of the reinsurer’s share of treaty losses not covered by retrocessions. Determines the losses for the RN financial perspective and the net premium a reinsurer receives for a treaty

double

Percentage of treaty coverage assigned to reinsurer. Used in calculation of RG perspective losses.

double

Percentage of loss greater than the attachment point covered by a treaty. Not applicable to SURP treaties.

int32

Inurning priority of this treaty. Lower numbers take losses prior to higher numbers.

int32

Number of reinstatements. Restoration of the treaty occurrence limit to its full amount after an event that led to a non-zero reinsurance payout so that the reinsured has the full limit coverage for the next event occurrence.

Used in calculating catastrophe and corporate catastrophe treaty statistics, including average annual loss. The event loss table and the EP curves assume unlimited reinstatements

double

Amount of premium the insured must pay the insurer to reinstate the coverage of the treaty after it is exhausted. Applies to CATA treaties only

double

Maximum Any One Life Amount

boolean

Not used. Retained for legacy purposes.

To avoid potential issues, do not set as false unless instructed by Moody's RMS.

string

User-defined property.

string

User-defined property.

double

For aggregate deductibles, losses from multiple events over a treaty’s in-force period can contribute to eroding the deductible. Applies to HD models only.

double

Limit that applies across all loss events during the treaty’s in-force period. Applies to HD models only.

tagIds
array of int32s

List of tags to apply to treaty. See Tags.

tagIds
Responses
204

Treaty updated.

Updated over 1 year ago

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application/json

Updated over 1 year ago