How to add differential terms as a cedent or broker
1. Adding differential terms
Go to pricing features in the subjectivities tab.
Click Add Pricing Features.
Select the market the differential term applies to.
Select the applicable stamp.
Select a single layer.
Add the differential term as appropriate. The available fields are:
- Target Reinsurance Premium
- Ceding Commission
- Profit Commission
- Sliding Scale Commission
- Rate
- Premium
- Overriding Commission
Once done click Save.
The differential term will remain in a pending status until it's reviewed and the deal cannot be bound until it has been processed.