You signed in with another tab or window. Reload to refresh your session.You signed out in another tab or window. Reload to refresh your session.You switched accounts on another tab or window. Reload to refresh your session.Dismiss alert
We'd like to implement occurrence attachment and limit for facultative contracts, whereas currently we only support risk attachment and limit. This is because it is a more appropriate set of fields to use for Fac contracts and more in line with the labelling of financial terms in other platforms.
The concept of risk terms does not exist for Fac, because the whole contract applies to a particular risk.
The users will enter the occurrence terms in OccAttachment and OccLimit rather than in RiskAttachment and RiskLimit (not both) and the results will be identical assuming the fac contract only applies to one risk (=one record in ri scope file).
Occurrence terms for fac should be implemented in exactly the same way in Oasis as the other ReinsTypes. The terms apply at level 3 in the hierarchy in the input files.
Retain the use of RiskAttachment and RiskLimit in case of more complex / multi-risk contracts.
Example data / logs
Examples to be provided.
The text was updated successfully, but these errors were encountered:
After discussion with TWG, this will not be implemented as it will be unnecessarily disruptive and potentially cause confusion or errors if both sets of terms are used. RiskAttachment and RiskLimit will continue to be used to act as the occurrence attachment and limit on a facultative contract.
Issue Description
We'd like to implement occurrence attachment and limit for facultative contracts, whereas currently we only support risk attachment and limit. This is because it is a more appropriate set of fields to use for Fac contracts and more in line with the labelling of financial terms in other platforms.
The concept of risk terms does not exist for Fac, because the whole contract applies to a particular risk.
The users will enter the occurrence terms in OccAttachment and OccLimit rather than in RiskAttachment and RiskLimit (not both) and the results will be identical assuming the fac contract only applies to one risk (=one record in ri scope file).
Occurrence terms for fac should be implemented in exactly the same way in Oasis as the other ReinsTypes. The terms apply at level 3 in the hierarchy in the input files.
Retain the use of RiskAttachment and RiskLimit in case of more complex / multi-risk contracts.
Example data / logs
Examples to be provided.
The text was updated successfully, but these errors were encountered: