LRECLM Life reinsurance claims

TBG8 Insurance

The LRECLM message is used by companies to exchange information regarding a claim or claims on a policy or policies which have been reinsured. The message will be used for both ceded and assumed reinsurance.

The trading partners utilizing the Life reinsurance claims 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 communicate information for the orderly settlement of claims. It also facilitates the reconciliation of the reinsurance records in order to maintain the integrity of the data between the trading partners.

Header

Position
Segment
Name
Max use
  1. To head, identify and specify a message.

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

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

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

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

  6. To provide free form or coded text information.

Detail

Position
Segment
Name
Max use
  1. Segment group 1
    Repeat 999999
    1. To describe an item in either an industry or free format.

    2. To identify a specific attribute.

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

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

    5. To specify percentage information.

    6. To specify a reference.

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

    8. To provide free form or coded text information.

    9. Segment group 2
      Repeat 9
      1. To specify a monetary amount.

      2. To provide details of the function of a monetary amount.

    10. Segment group 3
      Repeat 1
      1. To specify information necessary to establish the identity of a party.

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

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

      4. To specify employment details.

      5. Segment group 4
        Repeat 9
        1. To specify a monetary amount.

        2. To provide details of the function of a monetary amount.

    11. Segment group 5
      Repeat 99
      1. To identify processing information.

      2. To specify a reference.

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

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

      5. Segment group 6
        Repeat 9
        1. To specify a monetary amount.

        2. To provide details of the function of a monetary amount.

      6. Segment group 7
        Repeat 99
        1. To identify an object.

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

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

        4. Segment group 8
          Repeat 99
          1. To describe the insurance cover.

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

          3. To specify a reference.

          4. To identify a specific attribute.

          5. To specify percentage information.

          6. To specify the agreement details.

          7. Segment group 9
            Repeat 9
            1. To specify a monetary amount.

            2. To provide details of the function of a monetary amount.

  2. To end and check the completeness of a message.

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