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Date:
2003-06-10
Source:
TBG8 Insurance
0. INTRODUCTION
This specification provides the definition of the Reinsurance calculation message (RECALC) to be used in Electronic Data Interchange (EDI) between trading partners involved in administration, commerce and transport.
1. SCOPE
1.1 Functional definition
RECALC is a generic message used in reinsurance environment to show various types of calculation that are either based on the loss ratio or on the technical result of a reinsurance contract or program, mainly in the area of commissions and commission adjustments and in stop loss claims. This message supports results shown in the RETACC message.
1.2 Field of application
The Reinsurance calculation message may be used for both national and international applications. It is based on universal practice related to administration, commerce and transport, and is not dependent on the type of business or industry.
1.3 Principles
A reinsurance technical account (catered for in the RETACC message) is only acceptable by the receiver if certain figures are supported by specific calculations, in which the sender explains how he arrived at these figures. This message specifically caters for profit commissions, sliding scale commissions, loss participation, additional commissions profit related, and stop loss claims.
2. REFERENCES
See UNTDID, Part 4, Chapter 2.3 UN/ECE UNSM - General Introduction, Section 1.
3. TERMS AND DEFINITIONS
3.1 Standard terms and definitions
See UNTDID, Part 4, Chapter 2.3 UN/ECE UNSM - General Introduction, Section 2.
4. MESSAGE DEFINITION
4.1 Data segment clarification
This section should be read in conjunction with the segment table which indicates mandatory, conditional and repeating requirements. |
