Interlocking Claims Specifics

The Interlocking Claim is a claim that can be linked to more than one Insured Period. The interlocking clause is recorded on the Claim condition and states that the limits should be recalculated in the same proportion as the year’s loss bears to the whole. In other words, the limits are proportionally reduced.

Since the limits will be reduced according to a proportional split it is important to know the loss amount that affects all involved years. For this reason, the interlocking claim has an option to be linked also to insured periods on which you do not participate, or even have an informational business recorded.

• Option is only available on Non-Proportional Treaties with Interlocking clause selected.
• Trigger Date information is removed.
• Date Claims Made field is available: DD/MM/YYYY
• Loss date validation does not take place.
• Co-insurance marker is removed.
• No assignment to Claim Program can take place.

On an existing Interlocking Claim you will see the following differences, apart from the above:

• Claim classifications are part of the ordinary properties information.
• Loss estimates cannot be recorded.
• FGU information is removed.
• Business info - sub tab Claim Limit and Shares removed.

The most important change is the menu button that appears next to the section indicator that allows you to link the claim to the Previous Insured Period, or the Next Insured Period.

Assign Claim to Other Insured Period #

1. Open the Interlocking Claim you want to assign to another Insured Period.
2. On any of the tabs, click the Menu button next to the Section indicator.
3. Select Assign to Next Period (or Assign to Previous Period).
4. Register the disposition information.
5. Select the section.
6. Click OK.

Note! Claim references must be recorded after the claim has been assigned to the period.

Assign Claim to Non-existing Period - Substitute Sections #

When you have not recorded a Business for one of the Insured Periods the system gives you the option to record a Substitute Section.

1. Open the Interlocking Claim for which you want to create a substitute section.
2. On any of the tabs, click the Menu button next to the Section indicator.
3. Select Assign to Next Period (or Assign to Previous Period).

The system returns a validation error that this assignment cannot be performed, as no such period exists. 4. Click OK to this warning.

The system gives you an option to create a Substitute Section. Confirm that you want to create this. 5. Enter the Period and Limit information, as well as the Claim information. 6. Click OK.