| [SICSR-17524] Renewals not happen on SAIR, when the cession has the PV functionality in in use. | |
|---|---|
| Product Line: | Life |
| Component/s: | Life Cession Handling |
| Affects Version/s: | |
| Fix Version/s: | SICS 4.9.5 |
| Customer: | Swiss Life Zurich |
Problem:
Renewals not happen on SAIR, when the cession has the PV functionality in in use.
Solution:
Irrespective of the system parameter " Retrocession Basis = "Sum at Risk/Stand Alone Individual Retrocessions only"
When the flag 'All Limits are Present Value Amounts' is selected on the L condition and 'Present Value Functionality is required' is selected on the SR condition of the OCC and the Present Value amount is available on the inward cession:
The value in the field Present Value on the cession benefit should be used instead of the value in the field 'Sum at Risk' during retroprocessing for all retrocession transactions which will include new business and all subsequent transactions.
Declination Reason:
Workaround:
Root Cause:
Extent of Impact:
Impact on Existing Data
Recovery Method for Existing Data Affected