A treaty defines a reinsurance contract between an underwriter and a primary insurer that applies to a collection of related exposures. Under the terms of the treaty, the primary insurer (for example, a cedant) transfers risk to the underwriter in exchange for a premium and the reinsurer assumes financial responsibility for that risk.
Treaties may be applied to accounts, locations, policies, and portfolios.
Treaty
├── treatyId
├── treatyNumber*
├── treatyName
├── Cedant *
├── Producer*
├── treatyType *
├── currency
├── attachBasis
├── attachLevel *
├── premium
├── occurLimit
├── attachPt
├── riskLimit
├── retentAmt
├── pcntPlaced
├── effectDate
├── expireDate
├── pcntRetent
├── pcntRiShare
├── pcntCovered
├── pcntRiShare
├── priority
├── numOfReinst
├── reinstCharge
├── maolAmount
├── isValid
├── userId1
├── userId2
├── lobs [...]
├── aggregateDeductible
├── aggregateLimit
└── lossOccurrences [...]