Control Accumulation of Insured Perils

When reinsuring the same risks of catastrophe, like earthquake in a certain zone, through multiple reinsurance/insurance contracts, it is important to keep track of their cumulative effect. The DXC accumulation control of insured perils facility provides a detailed analysis for this.

Depending on your system set up, the accumulation control either includes only the requested zone or the requested zone and its sub zones.

Calculate Peril Exposure Starting from Business #

|

Insured Peril Cession button | 1. Find and open your business.

2. Click the Insured Peril Cessions button on the Navigation bar to open the Insured Peril Cession window.
3. Select a cession and select Peril Properties from the pop-up menu. You see the Peril Properties window. |

|

Accumulation Control button | 4. Click the Accumulation Control button in the lower left-hand corner. SICS retrieves the cession information and displays the information in the Peril Accumulation Control window. |

Note! You must be in View mode (not Edit mode) to have the Peril Properties option available.

Calculate Peril Exposure Starting from Risk Zones #

1. Double-click the Risk Zones icon in the Reference Items folder on the SICS desktop. You see the Risk Zone Management window.
2. Find you zone by clicking the arrow sign to expand the folder(s).
3. Select a peril in the display list in the lower left-hand corner of the window and select Exposure from the pop-up menu. SICS retrieves the cession information and displays the information in the Peril Accumulation Control window.

The cessions shown in the list are primarily based on the calculation at date.

View Peril Cessions Exposed #

Shows the result list of insured peril cessions being exposed at a given date.

1. Calculate exposure as described in Calculate Peril Exposure Starting from Business on page 9-73.
2. Click the Cessions tab in the Peril Accumulation Control window.

View Protection of Business Exposed #

Show how the businesses that the cessions are attached to are protected.

1. Calculate Exposure as described in Calculate Peril Exposure Starting from Business on page 9-73.
2. Click the Protection tab in the Peril Accumulation Control window.

Exclude Cessions from Accumulation Control #

Extraction of cessions to be accumulated for selected date. The available filter options are derived from the businesses that the cessions shown in the display list are attached to. This means that if a classification is not found on any business, the filter type will not be available. Changing the Calculation at Date may result in a different result list and thereby also a different set of filter options.

1. In the display list on the right-hand side of the Peril Accumulation Control window, expand the filter type that you want to use for filtering.
2. Select the filter item that you want to exclude and select Exclude from the pop-up menu.

• The item is marked with a red X when it is excluded.
• To include the filter type again, follow the same procedure and select Include from the pop-up menu.

Exclude Cessions from Accumulation Control by Collection of Filter Items #

You can also exclude a whole collection of filter items. This option can be used when you know that the businesses that you want to perform accumulation for are not using a specific classification.

1. In the display list on the right-hand side of the Peril Accumulation Control window, select a filter type and select Exclude from the pop-up menu.

All values dependent on an excluded value are also marked as excluded.

Note! You are not allowed to include a filter item when its parent value is excluded.

Calculate Peril Exposure in another Currency #

Exchange exposure to the currency you selected using daily rate, period rate or year rate.

1. In the Peril Accumulation Control window, select the currency that you want the resulting accumulation to be shown in.
2. Enter a date in the Calculation at Date field.
3. Select the Exchange rate Category and Detail that you want to use
4. Click the Calculate button.

The result of the calculation appears in the Total Exposure and 100% Cedent Exposure fields. The result figure indicates the sum of all exposures linked to business scope of covers that satisfy your filter criteria. Dates are validated against the cession valid from and to dates.