Reference

Field reference

What each field on the key records means and how it feeds the calculations and documents.

Placement (insurance broker)

Client / insured name: The account the risk belongs to, and the risk/insured shown on the slips.
Line of business: Class of business (e.g. Fire, Motor) — drives which cover terms apply.
Sum insured: The insured value; the basis for premium and market shares.
Brokerage %: Default brokerage on the placement; each market line can override it.
Cover basis: Reinstatement / indemnity / agreed value.
Perils, conditions, warranties, subjectivities: Structured cover terms that render onto the quote/placing slips.
Deductible / type: The excess and whether it's an amount or a percentage.
Limit of indemnity: For liability covers.

Market: The carrier quoting (an account).
Premium: The carrier's quoted premium; the lead's sets the placed (100%) premium.
Commission %: Brokerage for this market's line (overrides the placement default).
Signed line %: The share this market subscribes (co-insurance). Lines sum to ~100% to bind.
Lead: Marks the lead market.

Base rate % / min premium: Product rating: premium = sum insured × base rate (+ coverage rates), floored at the minimum.
Hazard level / prior claims / loss ratio %: Risk-profile inputs to the transparent risk score & band.
Cover type / excess / NCD % / TP property limit: Motor & fire schedule cover terms.
Vehicle reg / make / model / year / use: Motor schedule.
Risk location / construction / occupancy: Property (fire) schedule.
Term years / annual premium / bonus % / interest %: Endowment: term, savings premium, reversionary bonus and guaranteed interest — drive the fund/surrender/maturity projection.
Channel name / channel commission %: Bancassurance: the introducing bank/partner and the commission owed to it.

Type / basis / direction: Quota share / surplus / excess-of-loss; proportional or non-proportional; inward (assumed) or outward (retro).
Retention % / cession %: Proportional split — what the cedant keeps vs. cedes.
Commission % / overriding commission %: Ceding commission and any override.
Profit commission % / management expense %: Profit-commission terms.
AIT % / portfolio %: Withholding tax and portfolio transfer rates — the profit-commission statement derives AIT and portfolio withdrawals from these.
Estimated premium (EPI): Expected premium base.
Underwriting-year basis: Whether the treaty accounts by underwriting year.

Section — retention amount / surplus lines / max cession: Surplus structure: 1 line = the retention; surplus capacity is lines × line, capped by max cession.
Section — subclass / commission %: The subclass the section covers and its ceding commission.
Layer — attachment / limit: Excess-of-loss layer: 'limit xs attachment'.
Layer — premium / reinstatements: Layer price and how many times cover reinstates (drives reinstatement premium).

Type / accepted share %: Proportional or XoL; the share the reinsurer accepts.
Sum insured / premium (100%): The full risk and premium; the acceptance takes its share.
Commission %: Ceding commission on the accepted premium.
Attachment / limit / reinstatements: For facultative excess-of-loss.

Type / line of business / currency / period: The programme being placed.
Estimated premium (EPI) / brokerage %: Premium base the panel shares, and the broker's brokerage.
Section — attachment / limit / premium: The structure subscribed to.
Participation — reinsurer / written line %: Each reinsurer's share; lines sum to the placed %.

Portfolio / cohort year / measurement model: The unit of account and whether it's measured under PAA or GMM.
PV premiums / PV claims / risk adjustment: Fulfilment inputs (GMM) and the onerous test.
Coverage units (total): The basis for releasing the CSM over the coverage (GMM).
Coverage earned % / claims incurred: PAA inputs — release the LRC to revenue and measure the LIC.
Discount rate %: Annual accretion rate (GMM).