[SE-1508] Set up classifications per reporting unit and type of business
Product Line:	P&C
Component/s:	Business
Fix Version/s:	SICS 4.9.5

Aim of function

Classifying a reinsurance contract correctly is essential to underwriting analysis and further processing of business, e.g. accounting. Ensuring that all classifications that a company sees as a minimum are recorded is therefore important. Within a corporation, different sets of classifications could be required for different base companies. Further, sub divisions or departments of these could require other classification than other divisions. For example, Profit Center ‘international department’ requires a Sub Class of Business, while Profit Center ‘domestic department’ may not.  It is now possible to allow also 'not legal' reporting unit categories for classification set up in the Base Company Specific Settings / Classification Rules 2.  The classifications can be set up per the Mandatory Reporting Unit Categories.   

In addition, a company may decide that some Types of Business require classifications recorded that others do not, e.g. proportional treaty may require Origin of Business, while non-proportional treaty does not.  The classifications in the Base Company Specific Settings / Classification Rules 2 can now be set up also per Type of Business method.

System Parameters Affected

System Parameter / Base Company Specific Settings / Classification Rules 1: 

• Mandatory - Reporting Unit Category 1   
• Mandatory - Reporting Unit Category 2  
• Mandatory - Reporting Unit Category 3

System Parameters / Accounting / Micellaneous:  Legal Reporting Unit Category 

System Parameter / Business / Classification: Extend Classification Set up per Reporting Unit

Existing functionality affected

Create Business
Classify Business
Update Business
Copy Business
Change Business Life Cycle Status
Renew Business Manually