| [SICSR-15831] Underwriter’s Estimates Deposit Premium and Minimum Premium Our Share incorrect when share amended | |
|---|---|
| Product Line: | P&C |
| Component/s: | Business Underwriters Estimates |
| Affects Version/s: | SICS 4.9.1 |
| Fix Version/s: | SICS 4.9.3 |
| Customer: | Qianhai Re |
Problem:
Underwriters Estimates Calculation variables for Minimum and Deposit premium incorrectly calculated when share has been amended, and business has multiple effective periods. The calculation is incorrectly applying our share on the last effective period to the premium for all effective periods.
Affects the following calculation variables:
%depositPremiumAmountOurShare
%depositPremiumAmountOurSharePerCurr
%minimumPremiumAmountOurShare
%minimumPremiumAmountOurSharePerCurr
Solution:
Calculate the Minimum and Deposit Premium estimates as the Premium amounts for each effective period, multiplied with our share for each effective period.
Workaround:
Root Cause:
Extent of Impact:
Impact on Existing Data
Recovery Method for Existing Data Affected