How To Create And Manage Exposure Profiles In Supercede
There two things which can be reviewed in the exposure profile:
Normal exposure: For policies that fall within a band, the exposures are summed and displayed in the profile.
Trapped exposure: The amount of ceded exposure to an Excess of Loss (XoL) layer can also be calculated from within the Exposure Profile. This is done looking at the amount of ceded exposure across each policy and aggregating based off your bandings.
Follow the steps below to create an exposure profile in the platform.
1. Accessing Exposure Profile
Open the Supercede Homepage and click on the packs widget to access your pack list.
Select the pack you would like to create a limit profile for by clicking on its title and select Policy Bordereau.
Select Exposure Profile from the menu on the left.
2. Selecting Subsection
Across the top of the profile, select the subsections you would like to view data for.
Select Apply to confirm selection.
See here for more information on the subsection selection.
3. Setting Profile Bandings
To set up a exposure profile for the first time, you will need to set the profile bandings. Before the initial set-up, no profiles will display.
To set your profile bandings, enter numeric values using thousands (k), millions (m), billions (b) or trillions (t). The profile and bandings will appear automatically. Decimals are not supported.
4. Exposure, Exposure Base and Metric
Once the bandings are set, you can set the Exposure Type and the Exposure Base and the Metric via the grey drop downs.
Exposure
There are two types of exposure you can capture on the platform:
- Gross Exposure
- Net Exposure
Selecting net exposure will result in cedent's share not being displayed.
Exposure Base
This is the type of exposure you have uploaded. Only values which have been populated in your data will display.
- EML
- PML
- Sum Insured
- TIV
- Total Sum Insured
Metric
There are different options available for viewing and analysing your data, these are:
- Policy Count
- Gross Written Premium
- Net Written Premium
- Total Gross Exposure
- Total Net Exposure
- Average Gross Exposure
- Average Net Exposure
- Facultative Reinsurance
- Total Trapped Gross Written Premium
- Total Trapped Net Written Premium
- Total Trapped Gross Exposure
- Total Trapped Net Exposure
- Average Trapped Gross Exposure
- Average Trapped Net Exposure
5. Trapped Exposure
Trapped exposure occurs when you cede part of your risk to an excess of the loss layer. The ceded part is said to be “trapped.”
When calculating trapped exposure, a limit, excess, and exposure value are required.
It’s important to note that the limit and excess are for the reinsurance treaty, not the individual policies. Therefore, users must tell Supercede what the reinsurance limit and excess are before being able to calculate what the trapped exposure is.
6. Line Size
Supercede allows you to display your limit profile as 100% of the line size or as your share of the risk, which is known as the cedent’s share. You can toggle between the two options by clicking the Cedent's share box next to the profile bandings.
The net limit is not affected by line size, as net deductions are specific to each insurer.
7. Applying Stacks
If your data has been stacked, you can apply the stacks to the profile by toggling on Apply Stacks.
See here how to work with the stacks detector.
8. Viewing the Underlying Policy Data
Clicking on values with a dotted border will allow you to see all of the underlying policy data that is aggregated within each banding.
Use the scroll bar at the bottom to shift to the right of the table and navigate through the pages by clicking on the page number or the arrows.
Go back to the exposure profile by clicking the Back to Exposure Profile in the upper lefthand corner.