Set-up facultative treaty

Trigger: An underwriter identifies an individual policy risk that exceeds internal retention limits and requires standalone reinsurance coverage.

1. Identify the specific risk requiring facultative reinsurance
2. Assemble and submit risk data to reinsurance markets or brokers
3. Negotiate terms, conditions, and pricing for the specific exposure
4. Review and approve the facultative quote
5. Bind the coverage and receive the facultative certificate
6. Record the agreement details and premium allocations in the core system

Outcome: A facultative reinsurance agreement is successfully negotiated, bound, and configured within the core administrative systems.