| [SE-1142] Enhance Security and Reporting Unit Assignment for Intra Group Contract | |
|---|---|
| Product Line: | P&C |
| Component/s: | Business |
| Fix Version/s: | SICS 4.9.4 SICS 4.9.1_CHR1 |
Aim of function
Reinsurance companies sometimes receive business from an ‘internal’ cedent, e.g. a company in the same corporation or in a joint venture. In these cases, each of the parties is a base company. When recording these internal assumed businesses, a lot of the information is internally known and can be defaulted, e.g. responsible units or departments. Also, in these arrangements, some additional classifications for a contract may be derived based on the cedent and the reinsurer of the contract
It is therefore now possible to default reporting units and additional classifications according to the reinsurer and the cedent of the inward contracts.
Special security control with domain restriction per base company and per reporting unit is also now available for assumed business when it is an intra group contract. It uses the base company being the reinsurer of the assumed business and for example the reporting unit of the assumed business.
System Parameters Affected
None
Existing functionality affected
- Assign Reporting Units
- Classify Business
- Create Intra Group Contract
- Link Intra Group Contract
- Maintain Security
- Maintain System Parameters