LREACT Life reinsurance activity

Joint Rapporteurs Message Design Group JM10

The LREACT message is used by companies to exchange insured and policy coverage detail for reinsurance purposes. The message will be used for both ceded and assumed reinsurance.

The trading partners utilizing the Life reinsurance activity message will be direct companies, reinsurance companies, reinsurance intermediaries and retrocessionaires. The message will be used to transmit data required by ceding and assuming companies to maintain the records on reinsured cessions. This data supports the reinsurer's ability to appropriately account for, manage, study, value (reserve) and complete their financial reporting. It also facilitates the reconciliation of the reinsurance records in order to maintain the integrity of the data between the trading partners.

Header

1. 0010 · UNH · Message header · Max 1 · Mandatory

   To head, identify and specify a message.

   1. Data element S009/0057 is retained for upward compatibility. The use of
   S016 and/or S017 is encouraged in preference.
   2. The combination of the values carried in data elements 0062 and S009 shall
   be used to identify uniquely the message within its group (if used) or if
   not used, within its interchange, for the purpose of acknowledgement.

2. 0020 · BGM · Beginning of message · Max 1 · Mandatory

   To indicate the type and function of a message and to transmit the identifying number.

3. 0030 · DTM · Date/time/period · Max 1 · Mandatory

   To specify date, and/or time, or period.

4. 0040 · CUX · Currencies · Max 1 · Conditional

   To specify currencies used in the transaction and relevant details for the rate of exchange.

5. 0050 · CTA · Contact information · Max 9 · Conditional

   To identify a person or a department to whom communication should be directed.

6. 0060 · FTX · Free text · Max 1 · Conditional

   To provide free form or coded text information.

Detail

1. Segment group 1 Repeat 999999

   1. 0080 · GIS · General indicator · Max 1 · Mandatory

      To transmit a processing indicator.

      Segment marked for deletion in the D.02B directory.

   2. 0090 · RFF · Reference · Max 9 · Mandatory

      To specify a reference.

   3. 0100 · ATT · Attribute · Max 99 · Conditional

      To identify a specific attribute.

   4. 0110 · DTM · Date/time/period · Max 99 · Conditional

      To specify date, and/or time, or period.

   5. 0120 · FTX · Free text · Max 1 · Conditional

      To provide free form or coded text information.

   6. Segment group 2 Repeat 1

      1. 0140 · IMD · Item description · Max 1 · Mandatory

         To describe an item in either an industry or free format.

      2. 0150 · LOC · Place/location identification · Max 9 · Mandatory

         To identify a place or a location and/or related locations.

      3. 0160 · SEQ · Sequence details · Max 1 · Conditional

         To provide details relating to the sequence.

      4. 0170 · CUX · Currencies · Max 1 · Conditional

         To specify currencies used in the transaction and relevant details for the rate of exchange.

      5. 0180 · PNA · Party identification · Max 9 · Conditional

         To specify information necessary to establish the identity of a party.

   7. Segment group 3 Repeat 1

      1. 0200 · PCD · Percentage details · Max 1 · Mandatory

         To specify percentage information.

      2. 0210 · PNA · Party identification · Max 1 · Conditional

         To specify information necessary to establish the identity of a party.

      3. 0220 · LOC · Place/location identification · Max 1 · Conditional

         To identify a place or a location and/or related locations.

   8. Segment group 4 Repeat 1

      1. 0240 · ICD · Insurance cover description · Max 1 · Mandatory

         To describe the insurance cover.

      2. 0250 · PCD · Percentage details · Max 9 · Mandatory

         To specify percentage information.

      3. 0260 · EMP · Employment details · Max 1 · Conditional

         To specify employment details.

      4. 0270 · AGR · Agreement identification · Max 9 · Conditional

         To specify the agreement details.

      5. 0280 · LOC · Place/location identification · Max 1 · Conditional

         To identify a place or a location and/or related locations.

      6. Segment group 5 Repeat 99

         1. 0300 · MOA · Monetary amount · Max 1 · Mandatory

            To specify a monetary amount.

         2. 0310 · ARD · Monetary amount function · Max 1 · Mandatory

            To provide details of the function of a monetary amount.

      7. Segment group 6 Repeat 99

         1. 0330 · RTE · Rate details · Max 1 · Mandatory

            To specify rate information.

         2. 0340 · ATT · Attribute · Max 1 · Conditional

            To identify a specific attribute.

         3. 0350 · DTM · Date/time/period · Max 1 · Conditional

            To specify date, and/or time, or period.

         4. Segment group 7 Repeat 99

            1. 0370 · MOA · Monetary amount · Max 1 · Mandatory

               To specify a monetary amount.

            2. 0380 · ARD · Monetary amount function · Max 1 · Mandatory

               To provide details of the function of a monetary amount.

      8. Segment group 8 Repeat 99

         1. 0400 · PRC · Process identification · Max 1 · Mandatory

            To identify a process.

         2. 0410 · ATT · Attribute · Max 9 · Conditional

            To identify a specific attribute.

         3. 0420 · PCD · Percentage details · Max 1 · Conditional

            To specify percentage information.

         4. Segment group 9 Repeat 99

            1. 0440 · MOA · Monetary amount · Max 1 · Mandatory

               To specify a monetary amount.

            2. 0450 · ARD · Monetary amount function · Max 1 · Mandatory

               To provide details of the function of a monetary amount.

2. 0460 · UNT · Message trailer · Max 1 · Mandatory

   To end and check the completeness of a message.

   1. 0062, the value shall be identical to the value in 0062 in the
   corresponding UNH segment.