New Treaty Placement
Configure treaty structure, allocate to reinsurers, and generate placement slip
✓
1. Treaty Basics
LOB & Type
2
2. Structure & Terms
Limits & Conditions
3
3. Reinsurer Allocation
Shares & Panel
4
4. Compliance Check
IRDAI Validation
5
5. Slip & Sign-off
Document & Approve
✅ Step 1: Treaty Basics Completed
Line of Business
Fire & Property
Treaty Name
Fire QS Treaty 2025-26
Inception Date
01 April 2025
Expiry Date
31 March 2026
Broker
Aon Benfield India
Currency
INR (₹)
📐 Step 2: Treaty Structure & Terms
In Progress
Treaty Type *
Proportional Terms
%
Company retains 60% of all premiums & losses
%
%
Fixed ceding commission on ceded premium
to
% (at 60% / 45% LR)
%
Sum Insured Limits
₹ Cr
₹ Cr
₹ Cr
₹ Cr
Coverage Scope & Exclusions
₹ Cr
👥 Step 3: Reinsurer Panel & Allocation
Upcoming
Total Ceded: 40% · Allocated: 35% · Unallocated: 5%
🛡 Step 4: IRDAI Compliance Validation
Upcoming
✓
Mandatory GIC Re Cession (5%) Auto-satisfied
Per IRDAI Regulation 2013 — 5% of reinsurance premium must be offered to GIC Re
✓
Indian Market First (IMF) Order Preference Satisfied
Indian reinsurers must be offered market preference per IRDAI Reinsurance Regulations 2018
Minimum Credit Rating Requirement Pending Review
All reinsurers must have minimum BBB+ S&P rating or equivalent — verify before placement
Order Retention within IRDAI Prescribed Limits
Company's gross premium retention must comply with maximum limits per IRDAI order regulations
Reinsurance Programme Board Approval
Board-approved reinsurance programme for FY 2025-26 must cover this treaty type