What’s New

Accounting General

SE-1865 - For fac business if any booked and closed TW with balance amount not >0 , then SICS will send an email to users - China Re

Aim of function

Sometimes, for the insurance company, especially for the facultative business, there may be a situation that the actual premium has not come yet, but the loss related amounts comes. In this case, in order to be cautious, the insurance hopes that the system can send an email to remind the accounting person that the positive actual premium has not yet arrived.

System Parameters Affected

New parameter in Accounting / Claims / Claim Accounting / Customize Warnings To Be Shown: Premium must come before the loss amount on Facultative Business

To get this working you must define premium related Entry Codes in group(s) within the new Entry Code Group Category Premium Before Loss.

Loss related Entry Codes are those Entry codes which have the flag Loss Related on the Entry Code Properties

Existing functionality affected

Claim Worksheet

Techincal Worksheet

Create and Close Technical Worksheet, Claim Worksheet and Close Worksheet through Web Service

SE-2133 - To enhance Deposit calculation rules to automatic calculate deposit on proportional Treaty OCC - China Re

Aim of function

To enhance premium deposit condition by introducing a new Premium Deposit Calculation Method ‘Percent of Combination’ having impact when running the Retrocession Calculation Order. In addition, a new field ‘Percent Combine’ with a percent field and a Premium Basis field are introduced on the Premium Deposit Condition.

Premium Deposit Retain will be calculated as following;

(ORP Premium + ORP Deductions + ORP Claim paid * Deposit %) - (ORP Premium * Combine %） -1*

WVAT + VAT may be included in the calculation

System Parameters Affected

N/A

Existing functionality affected

Proportional Retrocession Calculation Order
Calculation of Premium Deposit

Changed documentation

calc_deposit_interest_tax_on_int/#percent-of-combination

calc_deposit_interest_tax_on_int/#release-in-same-accounting-period-in-next-accounting-year

deposit_cond/#define-premium-deposit-as-percent-of-combination

deposit_cond/#6111-enter-premium-deposit-conditions

SE-1285 - Reopen Premium Reserve when method is Percent of Premium - DXC

Aim of function

Running the Retrocession Calculation Order with the field ’Transfer to next Insured Period’ on the Reserve Conditions, will rebook the Premium Reserve (when in Percent of Premium) in the next open Insured Period

E.g.

Reserve 1.000 booked in 2nd of 2, 2018, uw-year 2018 will be reopened in 1st of 2, 2019, uw-year 2019 on ORP ‘as Booking’ business ledger

This functionality is only possible for Prop Treaty OCC with Premium/Claim Accounting Basis = Clean Cut and when the field ‘Transfer to next Insured Period’ selected on the Reserve Conditions

System Parameters Affected

N/A

Existing functionality affected

Running the Retrocession Calculation Order

- for the last Account of the Insured Period for a Prop Treaty OCC with Premium Reserve Calculation Method = ‘Percent of Premium’

Changed documentation

reserve_cond/#define-that-reserves-are-to-be-transferred-to-next-insured-period

calc_reserves/#13121-calculate-premium-reserves

SE-490 - Period Closing - Proportional Treaties - Reale Mutua Assicurazioni

Aim of function

1. Request Scheduled Job Template

Create Job Template from Group Order by selecting field ‘Batch Template’ and select menu option ‘Request Schedules Job Template’
A new link (FK) will be created from Job Template to this order.

2. Copy template to Actual Job (from Accounting Order Monitor OR from Scheduler)

A new Group Order (with individual orders) is created from Order template
Create link (FK) from Order Template to the new Group Order. This FK will always point to the newest Group Order.
Update Accounting Period and Booking Period on template according to rules

Step 2 will be repeated according to selected schedule (same as for any other template)

AccountingOrderMonitor - new Periodic Function, available in workstation

List selected information from Job Templates, i.e. all job templates linked to a Group Order

– Job Template

– Desired Scheduler

– Priority

– Activation

– Frequency

– Next Acutal Job

– Order Id

– Order Title

– Account

– As Of Date

– BYRP

– Last Order

– Account

– As Of Date

– BYRP

– Actual Job Status

– Run

Menu options on Accounting Order Monitor:

– Copy to Actual Job

– View Job Template

– Edit Group Order Template (from which you can e.g. select the next Accounting Year/Period and extract new Booking Year/Period for the template)

– Refresh List

System parameters affected

N/A

Existing functionality affected

Prop Retro Accounting;

Running Retrocession Calculation Order Group
Running Retrocession Account Order Group
Running Retrocession Calculation Order
Running Retrocession Account Order

SE-2124 - Balance Pairing BYRP - Renaissance Re

Aim of function

Make the function to set the Booking Year and Period from the technical/claim balance in the Balance Pairing so that it can not be before the Default Booking year and period for the actual Base Company.

System Parameters Affected

Change the behavior of the system parameter BYRP according to Technical Balance

Existing functionality affected

Balance Pairing and how to set the Booking Year and Period.

SE-1810 - Final calculation indicator for year-end calculations - Swiss Re Zurich

Aim of function

To Indicate the final Year-end calculations on Profit Commission conditions when Percentage, Sliding Scale and Stepped Sliding Scale, Deduction conditions when Sliding Scale and Stepped Sliding Scale and Deductible conditions when Loss Corridor and Loss Participation.

Below are the new fields on the above conditions:

“Final Calc After” a numeric field with a value between 1-99, followed by a drop-down with the values “Month(s)” or “Year(s)”, with Months as default.

“Final Calc Booked” a checkbox to indicate whether the Year End Calculation is performed or not.

“As Of” the date for the Final Calculation booking

System Parameters Affected

None

Security Affected

New Use Case “Business Conditions Year End Calculation Update” to give access to Update the new fields.

Existing functionality affected

Enter and view Profit Commission conditions, Deduction conditions and Deductible conditions.

Changed documentation

deduction_cond/#6163-enter-sliding-scale-commission

deduction_cond/#6164-enter-stepped-sliding-scale-commission

profit_commission_cond/#6221-handle-percent-profit-commission

deductibles_cond/#6211-loss-participation

deductibles_cond/#6212-loss-corridor

SE-2092 - Display “Estimated” flag on Accounting Classification Screen - Swiss Re Zurich

Aim of function

Possibility to view in the ‘Accounting Classification’ Window if an Accounting Classification is used on estimates booking or not. Placed beside the ‘Has Bookings’ column, a new column labelled ‘Has Estimate Bookings’. By selecting a new menu button option below the existing option ‘Check for Bookings’, named ‘Check for Estimate Bookings’ the system will indicate for each Accounting Classification if it has been used for estimate bookings or not. Worksheet of any statuses are checked, including pending and inactivated worksheets.

System Parameters Affected

N/A

Existing functionality affected

View Accounting Classification on a Business

Changed documentation

introduction/#maintain-accounting-classifications

Business

SE-1544 - Select to omit uniqueness check for additional business partner identifier types - Achmea Reinsurance Co

Aim of function

Regulations in certain countries expect each company to have a unique Legal Entity Identifier (LEI). Some companies operate in multiple countries and hence are created as different business partners but may share the same identifier.

It is now possible to configure SICS to allow specific Business Partner Identifier Types (e.g. Enterprise No, Syndicate No, LeiCode, LPC) to be exempt from an uniqueness check. This can be in general or specific within a country.

The SICS generated partner identifier (Party ID Type ‘SICS Identifier’) will however always be unique.

System Parameters Affected

Business Partner / General: Exempt Identifier from Uniqueness Check

Existing functionality affected

Maintain Business Partner Basic information

Changed documentation

bp_basic_info/#343-flag-a-company-as-edi-joint-venture-partner

SE-1427 - Restrict Removal of Registration Complete when Booking exists - Milli Re

Aim of function

To ensure that the contract is ready to be processed, e.g. to be booked on, some companies require a selected set of terms and conditions to be registered first and then that a Registration Complete status is set to complete. After it has been set to complete, further changes to the contract is restricted, unless done by an amendment.

Some companies still want to allow underwriters to ‘re-open’ the contract to incomplete if something was wrongly entered an needs to be corrected. Other companies want to allow this, but only if bookings do not yet exist on the contract. It is therefore now possible to prohibit the clearing of the registration complete flag, after bookings have been made. If wanted, a few administrators can be set up with a special authorization to still allow deselection of the flag after booking.

Similarly, for companies using the Amendment Complete facility, the system can be set up to stop users from clearing the amendment complete flag if bookings exist for this amendment.

System Parameters Affected

System Parameter Maintenance / Business / Conditions / Miscellaneous: ‘Require Complete Registration:

System Parameter Maintenance / Business / Conditions / Miscellaneous: ‘Amendment Requires Complete Registration’

Existing functionality affected

Set Registration Complete

Set Amendment Complete

Maintain Security

Technical Bookings

Claim Bookings

Changed documentation

business_amendments/#5122-ensure-complete-amendment-registration

Changed documentation

offer_quotation_process/#5105-ensure-complete-contract-registration

Claim, NP Recovery, Cede

SE-177 - Pass ACR to Reinsurers - American Agricultural Insurance Company

Aim of function

Enhance Recovery Calculation for Protection Program / single OCC to include Additional Case Reserves (ACR) details booked at inward claim level.

ACR / ACR expenses must be booked to a Headline loss, Risk loss or single Claims
ACR expenses is handled in line with existing rules for expense handling (part of liability/in addition to)

Additional Case Reserves will be handled “on top of” the existing paid and reserve allocation; i.e. allocated after paid and reserve

Outward ACR will be calculated per OCC, shown at OCC Claim ledger and booked at retrocessionaire participation with their respective shares.

View ACR in Recovery Calculation order:

View ACR at OCC Claim ledger:

System Parameters Affected

New system parameter Include ACR in Recovery Calculation activates the functionality.

Existing functionality affected

Recovery Calculation for Protection Program, Recovery Calculation for single OCC

Changed documentation

calc_recoveries_sys_param_settings

SE-2125 - Claim FGU new field for Client IBNR - Renaissance Re

Aim of function

A new column is added to the From Ground Up Advisory to allow capturing of Client IBNR figures. This will improve reporting of loss figures. The amount is purely informational, and cannot be booked through FGU.

System Parameters affected:

None

Existing functionality affected

Create and Update FGU Advisory

Changed documentation

fgu_advisory_cedents_claim_figures

SE-1841 - Implement a claim bdx flag indicating whether loss figures are reported by client via bordereaux - Swiss Re Zurich

Aim of function

Indicator on assumed business, claims, and claim programs which indicates if claims are reported through a claims bordereaux or not.

In Claim condition for an insured period you can indicate whether linked Claims are reported via Claim bordereaux.

The indicator is inherited from business to Claim

Claim bdx indicator given at Reinsurance Program will be inherited to linked assumed business

Claim bdx indicator at Claim Program is inherited from source treaty

The indicator is valid for Proportional and Non-Proportional Treaty and Facultative business.

When doing a Claim booking via FGU booking, web services or eMessaging, an error is raised if the claim is linked to businesses with different ClaimsBdx indicators.

System Parameters Affected

New system parameter: Claim Bdx In Use

New item in Claim Accuracy Template Identification: Claim Bdx

Existing functionality affected

Create and update business conditions
Renew business
Copy business
Create and update claim program
Create and update claim
Assign claim to existing claim
Create claim worksheet

eMessaging

SE-1213 - PostPlacing Enhancement - Swiss Re Zurich

Aim of function

Allow automatic (re-)processing of messages after updates to contract references etc. are made. A Related Referencing rule based on <Contract> Sender Reference (e.g. <BrokerReference>) for same sender, to link messages of different types (Placing and associated TA) together. This rule can identify other messages that may now progress based on potential updates performed to share and contract references.

System Parameters Affected

New eMEssaging rule ReferRelatedMessagesBySenderContractReference for TechAccount and Placing on Message layer.

Existing functionality affected

eMessaging rules and related messages display and reprocessing.

e.g. ReferRelatedMessagesByUUidReferenceRule, ReferRelatedCombinedGroupMessagesRule

SE-1684 - Previous Message - Show Prev. Msg Exclusions on Msg - Swiss Re Zurich

Aim of function

PreviousMessageMappingRule

The field “Previous Message Exclusions” on the current Message will always be updated and replace the previous value when the lookup for Previous Messages is done. The field “Previous Msg Exclusions” can have the following values:

“No Exclusions” -> the flag “Excluded Previous” is not ticked on any Message of the same Insured Period.
“Individual Message(s) excluded” -> the flag “Excluded Previous” is ticked on one or more individual Messages of the same Insured Period

(AND the flag “Excluded from Previous” is not ticked on the Insured Period/eMessaging Info screen).

“Insured Period excluded” -> the flag “Excluded from Previous” is ticked on the Insured Period/eMessaging Info screen

System Parameters Affected

None.

Existing functionality affected

PreviousMessageMappingRule Exclusion flags on IP and Historical messages : This introduced the possibility to exclude Messages from being considered for the Previous Message lookup for future Messages, directly from the IP and/or particular message.

SE-1685 - Placing Premium Validation - Swiss Re Zurich

Aim of function

Validate Premium Deposit amounts on SICS contract and Placing message

System Parameters Affected

New eMEssaging validation rule DepositPremiumAmountValidation for Placing messages on Insured Period layer.

Existing functionality affected

PremiumAmountValidation rule. Validates message premium items against SICS premium items (where mappable i.e. to the premium items in the SICS reference data per contract type).

Additionally the message may contain deposit premium and minimum premium items. The deposit values are located in the Deposit Premium Condition in SICS and thus not mappable via the existing rule.

SE-1924 - Reinstatement Premium validation for eMessaging - Swiss Re Zurich

Aim of function

The system rejects ClaimPayment if Claim Movement would result in a reinstatement premium, and the Reinstatement Tech Account message is not found.

This will happen if

Referenced insured period has reinstatement condition defined
Reinstatement calculation is Per Loss.

System Parameters Affected

Rule: RejectPaymentrequestUntilReinstatementIsReceived is included in the ruleset

Existing functionality affected

eMessaging ClaimMovement

SE-1976 - Consider Annuity in eMessaging - Swiss Re Zurich

Aim of function

To improve automation for claim bookings from claims bordereaux, eMessaging module supports annuities

Worksheet is created with Loss and Annuity bookings for lead (and follower) layers:

Loss (paid/reserves) is being booked on lead based on distribution less corresponding annuity amount.
All other items are being booked as per distribution.
Annuity is being booked on follower based on the lead message’ proportional split between loss and annuity.

Bookings are validated for each message.

Lead message creates the bookings on both lead and follower, based on distribution, and closes the worksheet.

If the follower message is not in compliance with the already booked amounts (ie distribution), an error is set on the follower message.

If it is in compliance, the references are updated.

System Parameters Affected

None

Existing functionality affected

eMessaging ClaimMovement

SE-2056 - New validation rule + re-processing logic for Digital Contract - Swiss Re Zurich

Aim of function

When Contract Registration Complete flag is required to be set then, messages will NOT be allowed to be processed (and thus create a worksheet) if the flag is not set on business life cycle, rather the messages will go into error / waiting .

This functionality has already been implemented for manual booking and now it is being implemented for emessaging as well.

Also, a new eMessaging System Parameter will be added to enable the Automatic Re-processing of eMessages when Registration Complete is set.

They will be automatically re-processed when the flag is set, thus not requiring additional manual intervention.

System Parameters Affected

System Parameter Maintenance / Business / Conditions / Miscellaneous: ‘Require Complete Registration
System Parameter Maintenance / Emessaging / Processing Options: ‘Automatically reprocess messages upon Registration Complete’

Existing functionality affected

Contract Registration Complete System Parameter Flag.
Automatic reprocessing of eMessages.
Validation of values on an eMessage to those on a contract.

SE-2634 - Tax Application Mapping must work also if we define Tax Type AND Tax Type Description - Swiss Re Zurich

Aim of function

eRemove the logic ignoring the TaxDescription if TaxType is included in the eMessage.

The standard states that one of Authority Location, Tax Type and Description must be present.

If Tax Type is set and the Description also but there is a wish to ignore the description then the match on description is now a Like with wildcard asterisk. The wildcard can be set alone or as part of a description in the mapping.

System Parameters Affected

eMessaging -> Mappings -> Tax Application Entry Code

The method of matching an entry based on the contents of Tax Type Description is changed.

Existing functionality affected

eMessaging rule ReferenceToTaxApplicationEntryCode

Life

SE-2302 - DXC - MTK development for several enhancements - DXC

Aim of function

To support MTK functionality for the fields pertaining to the claim handling fee in the Claim Condition of the business

System parameters affected

None

Existing functionality affected

Migration of the Claim Condition using the MTK tool

SE-1690 - Import Business information - Qianhai Re

Aim of function

To be able to use Webservices for the following functions in SICS Life

Create business with multiple sections

Update Business

Update Share Condition

Update Limit and Premium Condition

Edit Classification

Add section as part of Amendment

System parameters affected

None

Existing functionality affected

Business Handling through webservices

SE-2304 - Qianhai Re - MTK development for several enhancements - Qianhai Re

Aim of function

To support the MTK functionality for the following fields that were introduced as part of earlier enhancements:

User Defined fields on a Cession Benefit

Cedent Total SAR, Our Share of Original, Reserve and Total Ceding SAR on the Cession Benefit

Maximum EM Factor and Maximum Occupation Class on the Limits condition of the business

Age in Months and Days on the NC condition

System parameters affected

None

Existing functionality affected

Migration of a cession benefit using the MTK tool

Migration of the Limits condition on a business using the MTK tool

MG & Reserve Orders

SE-1834 - Log changes to Underwriters Estimates - DXC

Aim of function

Log changes to the Estimation Complete flag in Underwriters Estimates, Underwriters Estimates tab, Pricing or Adjusted Estimates sub tab, in line with logging of other updates on business conditioins.

System Parameters Affected

None

Existing functionality affected

Log function in SICS

Other

SE-2543 - Unofficial Native dark mode support on Mac OS X - DXC

Aim of Function

Upgrade the SWT and related libraries to the latest version (Eclipse 4.14). This ensures maximum platform compatibility and enables Dark Mode support when running on Apple Mac OS X.

System Parameters Affected

To enable to use system theme, set the system property: org.eclipse.swt.display.useSystemTheme to true. i.e. -Dorg.eclipse.swt.display.useSystemTheme=true

SE-2332 - ADH - Object types ‘Claim Ledger Figures’ and ‘FGU Advisory Figures’ - Swiss Re Zurich

Aim of function

Implement two new Object types ‘Claim Ledger Figures’ and ‘FGU Advisory Figures’ in ADH transformation block ‘Domain Data’.

For identified claim with an active FGU flag, retrieve FGU advisory figures for paid amounts. Domain Data block indexing will be available.

For identified claim, retrieve “the latest” balances per section/currency/accounting classification/entry code. Domain Data block indexing will be available.

System Parameters Affected

None.

Existing functionality affected

Automated Document Handling.

SE-2474 - ADH - Increase the max permitted name length of an Output Pattern Field from 50 to 100 - Swiss Re Zurich

Aim of function

Increase the max permitted name length of an Output Pattern Field from 50 to 100, so as to match the max permitted name length of Input Pattern Fields. For connections, increase the name length of the connection’s source and target to 100.

System Parameters Affected

None.

Existing functionality affected

Automated Document Handling, mappings, output patterns, connections.

SE-2517 - ADH - Export and import a set of mapping blocks - Swiss Re Zurich

Aim of function

To reuse transformation blocks in various mappings(s), two new actions: Export Blocks and Import Blocks has been added to the context/popup menu in ADH Edit/View Mapping Window.

Export Blocks

Import Blocks

System Parameters Affected

None

Existing functionality affected

ADH Edit/View Mapping