## RENEWAL CHANGE IMPACT MATRIX **Input integrity:** **PARTIALLY USABLE** for renewal-change comparison. The supplied evidence supports reliable comparison of Sections 3, 5, 7, and 11. It does **not** establish a full-treaty comparison because other sections/schedules were not supplied. No amendments were supplied; Endorsement **PCAT-2026-01-02** is identified as supporting evidence for the cyber exclusion change, effective 1 January 2026. No document precedence is inferred. | TERM | PRIOR YEAR | CURRENT YEAR | CHANGE TYPE | OPERATIONAL IMPACT | SOURCE | REVIEW PRIORITY | | ----------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------- | | **Section 5.7 — Cyber Exclusion** | “Loss arising directly from the use, operation, or failure of any computer system is excluded.” The exclusion does not apply where a covered physical peril directly causes physical loss or damage, notwithstanding subsequent involvement of a computer system. | “Loss directly or indirectly caused by, contributed to by, resulting from, or arising out of the use, operation, failure, or compromise of any computer system is excluded.” The exclusion applies whether or not physical loss or damage results from a covered physical peril. | **Revised** | **Exclusions — Explicit:** exclusion wording is expanded and the prior stated exception is no longer present in the supplied current-year wording. **Scope — Explicit:** the current wording addresses additional causal connections and expressly addresses physical loss/damage arising from a covered physical peril. **Claims — Potential:** claims assessment may require review of the revised exclusion wording and causation facts. | **Prior:** PCAT-2025-01, Treaty Wording, §5.7. **Current:** PCAT-2026-01, Renewing Wording, §5.7. **Supporting:** Endorsement PCAT-2026-01-02, Cyber Exclusion Amendment, effective 1 Jan 2026. | **HIGH** | | **Section 7.2 — Occurrence period** | “...occurring during a **72-hour** period shall constitute one loss occurrence...” | “...occurring during a **168-hour** period shall constitute one loss occurrence...” | **Quantitative Change** | **Claims — Explicit:** the specified aggregation period changes from 72 hours to 168 hours. **Administration — Potential:** claims/event handling processes may need to reflect the revised period. **Scope — Potential:** occurrence grouping may be affected by the revised time window. | **Prior:** PCAT-2025-01, Treaty Wording, §7.2. **Current:** PCAT-2026-01, Renewing Wording, §7.2. | **HIGH** | | **Section 11.1 — Notice / initial loss notice** | “The Reinsured shall notify the Reinsurer **as soon as reasonably practicable** after becoming aware of any loss likely to involve this Agreement.” | “The Reinsured shall notify the Reinsurer **promptly** after becoming aware of any loss likely to involve this Agreement **and shall provide an initial loss notice within 30 days of such awareness where reasonably practicable**.” | **Quantitative Change** | **Obligations — Explicit:** the current wording adds an express 30-day initial-loss-notice timing requirement, subject to “where reasonably practicable.” **Claims — Potential:** claims notification handling may need to capture and monitor the additional timing requirement. **Administration — Potential:** notification procedures or tracking may need to account for the stated 30-day period. | **Prior:** PCAT-2025-01, Treaty Wording, §11.1. **Current:** PCAT-2026-01, Renewing Wording, §11.1. | **HIGH** | ### Comparison notes The supplied Sections **3.1 Subject Business** and **3.2 Covered Perils** are substantively unchanged in the evidence provided and therefore are not included as change rows. The cyber provision presents a clear wording revision. The supplied materials identify **Endorsement PCAT-2026-01-02** as the supporting document, but no separate endorsement text or precedence instruction was supplied; accordingly, no conclusion is made about document hierarchy or final contractual effect. The matrix reflects **operational review triage only**. It does not determine materiality, underwriting significance, negotiation significance, contractual entitlement, or final legal effect. I can also produce a **change-only executive summary** or a **clause-by-clause prior/current redline-style comparison** from the same evidence.