When you receive a claim advice, the first thing you do usually is check if the claim is already registered in SICS or if you must create a new claim. If you are not sure of which business the claim affects, you can use the Find Claims feature. The Find Claim feature allows you to search for existing claims in the system by using numerous extract criteria. The search criteria and result columns that are available in the Find Claims window partially depends on your access rights. ...
For each account to be run for an Outward Cedent’s Contract (OCC), a Retrocession Calculation order has to be created. The following processes are performed when running the order: Preliminary (‘OCC as original’) bookings, not previously included in an account, are transferred and booked on the business ledger of the OCC in booking currency. If defined on the OCC, Entry Codes and/or Currencies and/or Classification Types are transformed before the business ledger in booking currency is updated. ...
This table contains a breakdown of the DXC SICS Java source code. Metric Number of items Java source file 63,926 Java source code line 6,981,414 Class 48,635 Inner-class 221 Static nested class 249 Method (in classes and enums) 488,144 Constructor 35,117 Enum 187 Interface 15,268 Domain class 3,416 Process class 9,749 UX class 5,142 The SICS application Java classes largely fall into these 3 architecture categories:
If you want the SICS to calculate the Deductions, the conditions must be defined. (Ref. chapter Handle Deduction Conditions.). Conditions may be equal for all Retrocessionaire Participations (RP’s) or one or more of the RP’s may have special Deduction conditions entered. Calculate Commission # Commission, if defined, is calculated whenever you run the Retrocession Calculation order. Available calculation methods are; None No calculation of Commission is performed. Original All bookings with Entry Codes within the Entry Code Sub Category Original Commission are multiplied with the Share of the RP. ...
This section handles information regarding the Former Identification, some Accounting options, EDI information and the Reporting Classifications of your business. The Reporting Classifications you will only have available if your System Administrator has set up the system this way. When dealing with outward business, you have some different options such as Active Indicator, Placement Completed and Reinsurance Category. Maintain EDI Information on Insured Periods # You can create and view EDI information connected to an insured period by clicking the Edit Menu button in the Insured Period tab on the Business Properties window and selecting: ...
If you want the SICS to calculate the Deposit, Interest and Tax on Interest, the conditions must be defined. Refer to Handle Deposit Conditions. Conditions may be equal for all Retrocessionaire’s Participation’s (ORP’s)or one or more of the ORP’smay have special Deposit, Interest and/or Tax on Interest conditions entered. Calculate Premium Deposit # Premium Deposit, if defined, is calculated according to the Premium Deposit regulation defined on the condition. The Premium Deposit cannot be calculated more frequent than the Accounts. ...
SICS offers to maintain Collateral on a “reinsurer by reinsurer” basis, where the collateral is established for a non-admitted reinsurer’s entire participation across potentially multiple outward agreements. The business partner Collateral include: Letter of Credit Trusts Funds Held Letter of Credit # SICS lets you register information about Letter of Credit. Find and open the Business Partner you want to enter Letter of Credit for. You see the View Business Partner window. ...
Release date # Dec. 16th 2022 Release documentation # Featured cases # Overview What’s new # Overview Deliverables # Overview Business Object # BO Reporting cases Security # Security reports Tests # System test reports SICS product line # Product Category DXC SICS P&C Workstation Desktop application DXC SICS P&C Sys Admin Utility Desktop application DXC SICS Life Workstation Desktop application DXC SICS Life Sys Admin Utility Desktop application DXC SICS Cede Workstation Desktop application DXC SICS Cede Sys Admin Utility Desktop application DXC SICS P&C API Server Server / Backend DXC SICS Life API Server Server / Backend DXC SICS ADH Server Server / Backend DXC SICS Batch Server Server / Backend DXC SICS Operational Reporting Server Server / Backend DXC SICS Search Server Server / Backend DXC SICS Naming Service Server / Backend DXC SICS eMessaging Server Server / Backend