What's new
Accounting General #
SE-6813 - New columns in 'Select Open Worksheet' screen and 'Business Ledger' screen - China Re #
Aim of function
1：In the 'Select Open Worksheet' screen, you can see a new column with 'BP Reference'.
If the worksheet contains of only one balance, the BP Reference, if any, is shown by default. If the worksheet contains more than one balance, the user needs to right click on the worksheet with a balance where no BP Ref is shown and if the option View BP References is enabled this can be selected to see the different references on the various balances.
2: In the 'Business Ledger' screen, add new column 'Worksheet Title' in the balance table and details table.
System Parameters Affected
N/A
Existing functionality affected
1: Select Open Worksheet window from business or business ledger
2: View worksheet's balance and details on the business ledger
Changed documentation
SE-8351 - Warning message if selected and worksheet activity on the contract is attempted - Renaissance Re #
Aim of function
This enhancement will enable the user the to mark the business/insured period on a sanction watchlist and to warn the user about this when booking takes place on that specific insured period. The aim is to ensure thorough verification of the business/insured period is done on the basis of information available and in co-ordination with the Legal Risk & Compliance team prior to any booking or Payment being processed in SICS.
System Parameters Affected
No
Existing functionality affected
Manual booking on the Actual tab of Technical worksheet and Booking on Claim worksheet. Also booking done through e-messaging.
Changed documentation
Claim, NP Recovery, Cede #
SE-9095 - Light Policy - remove Claim Basis validation - DXC #
Aim of function
Remove Claim basis validation for Policy Light to avoid unnecessary validations which might cause performance issues.
System parameters affected
N/A
Existing functionality affected
- Cede Interface - light claim record
- Web service - light claim
Changed documentation
SE-9196 - Claim & Cede Improvements 21.4 - DXC #
Aim of function
Manual protection assignment – return protecting IP according to Claim Basis for specified Outward Cedent's Contract
Assigning protection by Outward Cedent's Contract: When typing in the Outward Cedent's Contract Identification number directly the system shall return the OCC Insured Period that can protect the policy according to OCC Claim Basis.
Policy Light GUI Improvements
Improve display of classification and section information by introducing Sash bar for Policy Light and Life Policy Light.
System Parameters Affected
N/A
Existing functionality affected
Manual Protection Assignment - Policy Light, Policy Ceded, Assumed Business
View and edit Policy Light and Life Policy Light
Changed documentation
Life #
SE-6427 - To make DB link functionality available for cession loader - DXC #
Aim of function
To be able to process cessions by uploading a database
System Parameters Affected
None
Existing functionality affected
It is now possible to select JDBC Data Connection as part of one of the Datasource types when loading a cession or claim batch and processing the data from the database to create cessions in SICS
Changed documentation
SE-8799 - Profit commission handling in Life - DXC #
Aim of function
1. To be able to apply percentage defined on the PC condition to the profit/ loss amount calculated as per the profit commission calculation rule selected
2. To be able to calculate and book a deficit under an informational entry code and carry forward this amount for the number of years as defined in the 'Deficit Carried Forward' field on the PC condition
System Parameters Affected
New entry code for automatic booking- Loss Carried Forward
Existing functionality affected
Profit Commission Calculation:
When the profit commission basis is defined as a Profit Commission Calculation rule from the system parameters, then SICS will calculate profit/ loss based on the calculation rule and then apply the percentage defined in the PC condition to calculate the profit commission when the profit commission order is run
Loss Carried Forward:
A new informational entry code 'Deficit Carried Forward' is available for selection and can be defined on the system parameter
When there is a deficit that is calculated by the profit commission calculation order, then this loss amount is booked as an informational amount with the entry code as defined
This amount will be considered in subsequent calculations of the profit commission for the number of years defined under the 'Deficit Carried Forward' field on the profit commission condition
Changed documentation
SE-8819 - Add informational transaction handling on cession benefits - DXC #
Aim of function
The aim of this enhancement is to add a new type of transaction called 'Informational transaction' on a cession benefit
System Parameters Affected
None
Existing functionality affected
Cessions and Retrocessions:
Only when the Ceded flag is selected:
It will be possible to create a transaction 'Informational Transaction' on a cession benefit.
All details from the previous transaction will be copied to this transaction
All retrocession data from the previous transaction will be copied to this transaction
Informational Transactions will not be picked up during retroprocessing by the RPO
It will be possible to create an Informational transaction after a termination transaction. However, any further actual transactions after a termination will require the reinstatement to be processed as per existing functionality.
Changed documentation
SE-8715 - Do not generate initial commission when inward cession is not new business even though retrocession is new business. - Heng An Standard Life #
Aim of function
The aim of this enhancement is to use the value defined on the field 'Policy Year' in the cession benefit to calculate the commission and other deductions on the retrocession cessions that are linked to the inward cessions.
System Parameters Affected
None
Existing functionality affected
Retrocession cessions- Only when the Ceded flag is selected:
When an inward cession transaction is retroceded and the retrocession transaction it could happen that the retrocession transaction is a new business since the sum at risk on the inward cession has exceeded the retention only at a later stage in the life cycle of the cession.
When such a new business transaction is created on the retrocession, the deductions will be calculated using the value in the policy year on the inward transaction to identify whether the commission and other deductions would be applicable for the first year or subsequent years
Changed documentation
MG & Reserve Orders #
SE-8537 - Add Estimation Complete flag in UW Estimates in Life - DXC #
Aim of function:
The aim of the function is to indicate that in a business, if estimation is set to complete
in the ES condition then no further projections are created through Projection Calculation Order
Existing functionality affected:
1.Life/ES condition/Projections tab
2.Projections will not be created through Projection calculation order after Selecting the
Estimation Complete flag in the ES condition
Projection Basis-->Ultimate:
Projection Basis-->Yearly:
Changed documentation
SE-8768 - New web service to create and calculate Period Estimates with imported values - Qianhai Re #
Aim of function
Create and calculate Period Estimates with imported values.
New Web Service (updatePeriodEsimates) to support import.
System Parameters Affected
Multi Gaap module in use.
Existing functionality affected
Changed documentation
Other #
SE-7754 - Support Windows 11 - DXC #
Aim of function
Support for Microsoft Windows 11 released Oct 5th 2021.
System Parameters Affected
None
Existing functionality affected
All.
Changed documentation
SE-8831 - Update Java compilation level to 11 - DXC #
Aim of Function
To stay up to date with current Java coding standards and runtimes we have updated the compilation level of all SICS source code to Java 11.
This also ensures compatibility with 3rd party libraries.
System Parameters Affected
None.
Existing Functionality Affected
None.
Changed documentation
SE-8982 - Consolidate DB Consistency Scripts - DXC #
Aim of function
Create a single common set of consistency scripts that can run on all platforms.
Ensure this set contains all the scripts in existence
System Parameters Affected
None
Existing functionality affected
DB Consistency Script runner
Changed documentation
SE-9418 - SICS UI/UX Improvements - DXC #
Aim of function
The aim of this epic is
- Ensure the search function in system parameter search the P&C miscellaneous(P&C) and in Life Miscellaneous(Life) parameters in following areas.
- Accounting >> Retrocession >> P&C Miscellaneous (P&C)
- Accounting >> Retrocession >> Life Miscellaneous(Life)
- Ensure Edit window of Accounting >> Retrocession >> Life Miscellaneous(Life) is properly visible.
- Fix the UI/UX for Electronic addresses on User.
System Parameters Affected
N/A
Existing functionality affected
N/A
Changed documentation
SE-8369 - ADH - Indexed Domain Data blocks should have an optional output field 'Index size' - Swiss Re Zurich #
Aim of function
To identify which iteration in an indexed domain data block is the last one, indexed Domain Data blocks should have an optional output field 'Index size'.
- All Domain Data blocks should have this output field
- if DD block is indexed, then 'index size' will be same as total no of records found, except - if 'Index limit' is given, then 'index size' will be the lower of 'Index limit' and number of records found
- if DD block is NOT indexed, then 'Index size' will be empty/null
- error handling ('Fail on Missing' true/false) will be unchanged
System Parameters Affected
No system parameters will be affected
Existing functionality affected
ADH
Changed documentation
This report was generated Thu Dec 16 19:46:12 UTC 2021.