What's new
Accounting General #
SE-21150 - Booking Terms Maintenance - Reporting Period Requirements - Aon #
Aim of function
To Make it possible for all the users to maintain the Booking Terms for Base Companies outside System Parameter Maintenance. According to the Use Case assigned to the user, the access will be provided for maintaining the Booking Terms Maintenance.
Making the Base Company Segregation waterproof so that the user assigned to specific BCs can see and maintain the Booking Terms only for this/these Base Companies.
Business value for customers
Beneficial for all customers as the maintenance of the Booking Terms will be quicker and more user friendly. Possibility to prevent users (with only the new Use Case) from accessing system parameter settings for other Base Companies than those they are assigned to.
System Parameters Affected
- Extend Base company segregation.
- Hide Base Companies
Existing functionality affected
The new provision will allow users to access Booking terms maintenance of base company from System Administration in SICS Desktop screen instead of from System parameters.
If Extend Base Company Segregation is activated with the parameter Hide Base Companies selected, and a user assigned to a few Base Company in the User Preferences with the new security Use case assigned then user can have access to create, view, edit, delete and assign booking definition to a base company as per access rights defined.
Changed documentation
/sicsdocs/sys_admin_guide/system_parameters/database_and_system/
/sicsdocs/sys_admin_guide/sys_admin/booking_terms_maintenance/
SE-8067 - Calculation Editor Improvements - MG System Parameters - DXC #
Aim of function
Improve the usability of the Multi-GAAP calculation editor in system parameters.
We introduced a searchable hierarchy of calculation functions and operators to make it easy to find the value you need faster when editing a calculation.
Business value for customers
Customers can now have a modified user interface with all available items in searchable tree widget form to insert into calculation rule.
System Parameters Affected
Multi GAAP --> Calculation rule
Existing functionality affected
There is no impact to functionality. This will only improve the usability of calculation editor in Multi GAAP & underwriter estimates system parameter window.
Edit Calculation window - Multi GAAP:
Edit Calculation window - Underwriters Estimates:
Changed documentation
/sicsdocs/sys_admin_guide/system_parameters/multi_gaap/#set-up-calculation-rules
Business #
SE-20836 - Base Company Segregation - Support ungrouped companies - DXC #
Aim of function
Often organizations have several (re)insurance companies sharing the same SICS installation. These are legal entities and might not wish to have knowledge of each other, neither each other's existence, nor each other's business administration.
Some of these base companies might however have intercompany procedures at a common place. The system offers some support for this, by the user being set up to have access to his/her current base company's group. The system offers now also support for handling some of these, even if the current base company is not part of such a group. For example, by system set up, the user can now create an intra group contract on behalf of another company, even if it is not linked to the user's own company.
In addition, finding accounting items according to base company segregation has improved, both for companies set up in an owner group and for companies not within a group.
System Parameters Affected
System Parameter / Database and Systems: Extend Base Company Segregation
System Parameter / Database and Systems: Hide Insureds
System Parameter / Database and Systems: Hide Business Partners
System Parameter / Database and Systems: Hide Base Companies
System Parameter / Database and Systems: Create Intra Group Contract for Ungrouped Companies
Existing functionality affected
Find Business
Create New Business
Renew Business
Maintain Business Partner Roles
Maintain Intra Group Contracts
Maintain System Parameters
Find Accounting Worksheets
Find Accounting Data on Business Partner Ledger
Changed documentation
/sicsdocs/sys_admin_guide/system_parameters/database_and_system/
Claim, NP Recovery, Cede #
SE-21303 - Source Claim bookings for recoveries in Protection Program - DXC #
Aim of function
Improve Source Claim Bookings View for recoveries run via Protection Program, i.e. more than one layer run in same order.
The list is accumulated per Inward Business, Claim, Currency and Accounting Classification
and is based on NONPROP_REC_DETAIL table.
It also shows the distribution at OCC Claim at accumulated level
Go to Protection Program XL part and select View Claims and View Protection Program figures, and this view is made available:
From here there is also a possibility to select to Export Source Claims for Protection Program. This creates a spreadsheet with inward claim details
Business value for customer
New improved view for recoveries run for Protection Program - available directly from Protection Program
System Parameters Affected
None
Existing functionality affected
Recovery Calculation for Protection Program
Changed documentation
eMessaging #
SE-20951 - Introduce LcoCatastropheReference as Populated and Validated Claim Reference - DXC #
Aim of function
To set and validate the Lloyd's Catastrophe code LcoCatastropheReference value automatically as a Claim Reference on claims via a Lloyd's London Market Service Provider ACORD eMessage.
Business value for customers
- User can have the LcoCatastropheReference from Lloyd's eMessage set as a claim reference on claims automatically.
- User can validate a LcoCatastropheReference on claims matches an eMessage automatically via an eMessaging rule.
System Parameters Affected
N/A
Existing functionality affected
eMessage processing
Changed documentation
SE-21151 - Acord ADEPT Integration - Remaining API calls - DXC #
Aim of function
Now also supporting:
- respond; allows a techAccount or claim sender to respond to a query previously raised for a related techAccount or claim for the query specified in techAccount.id.
- hold; allows a techAccount or claim sender to send a hold response to a query previously raised for a related techAccount or claim for the query specified in techAccount.id, providing information regarding actions being taken to resolve the query but where further time is required to provide a response.
- chase; allows a techAccount or claim receiver to send a chaser response to a query previously raised for a related techAccount or claim for the query specified in techAccount.id. This can also be used by the sender to send a chaser response to a query response that has been provided for the query specified in techAccount.id.
- attachments; allows a techAccount or claim sender to respond to a query previously raised for a related techAccount or claim for the query specified in techAccount.id.
via the already supported integration with ADEPT (ACORD Data Exchange Platform & Translator). The new integration plugin builds upon the sophisticated SICS eMessaging foundation to provide a next-generation market capability to increase the timeliness, accuracy, and security of business data exchange.
Business value for customers
Enabling rapid data exchange, translation, and transformation via ADEPT, the ACORD Data Exchange Platform & Translator.
System Parameters Affected
Configuration of a new eMessaging ADEPT gateway plugin.
Existing functionality affected
eMessaging
Changed documentation
SE-20701 - AdjustmentReferenceRule - Include Non Prop Direct - Renaissance Re #
Aim of function
Enable the AdjustmentReferenceRule functionality for the non-prop direct business type.
Business value for customers
Making it possible for the system to extend the functionality of the AdjustmentReferenceRule to
non-prop direct businesses in the same way it is working for non-prop treaty.
System Parameters Affected
N/A
Existing functionality affected
eMessage processing
Changed documentation
SE-20948 - All eMessages Regardless of type should book into default period only. - Renaissance Re #
Aim of function
All eMessages regardless of type shall book into default period only, including the Lloyds CON reversal messages.
Business value for customers
All eMessages, especially 'CON reversal eMessages' are expected to close in the default period, regardless the worksheet closed/open in previous month or earlier. When applying a default booking year, the system will check the booking rule for the local bookings:
- If there is no booking rule for the worksheet type of the message, then the system will apply the default period from the open booking year.
- If there is a booking rule for the worksheet type of the message, then the system will apply the year and period that is mentioned in the booking rule by overruling the default period from the open booking terms.
System Parameters Affected
N/A
Existing functionality affected
CON Reversal Messages
eMessage processing
Changed documentation
SE-20949 - Claims Messages - a positive response should trigger worksheet creation - Renaissance Re #
Aim of function
A positive claim response message shall look for the waiting Claim Movement message and trigger its processing (same as when a user is overwriting the CheckForManualClaimResponse manually and re-processes the message.
Business value for customers
Automatic processing of messages ; all related messages will be re-processed (go to waiting) and once the associated worksheet is closed, messages closes (processed).
System Parameters Affected
N/A
Existing functionality affected
eMessage processing
Changed documentation
Life #
SE-20100 - Default Accounting Classifications on Cession and Retrocession Cession Orders - DXC #
Aim of function
The aim of the function is to default an accounting classification when there are multiple matching accounting classifications for retrocession cession
Business value for customers
When there are multiple accounting classifications on the OCC, the retrocession cession order will not automatically close the worksheets. With this enhancement it will be possible to use the inward cession's accounting classifications on the retrocessions
Some customers do not wish to classify their accounting based on the benefit covered, and now it will be possible to generate the ACs without benefit covered or reinsurance product as a parameter
System Parameters Affected
When the flag In AC is marked as No for Benefit Covered and/ or Reinsurance Product these values will not be part of the accounting classifications
Existing functionality affected
A new flag 'Use ACs from linked cessions' is applicable on the AC window of the OCCs and this will be copied to the placements and sections
When this flag is selected and the retrocession cession order is run, the ACs from the linked inward cessions will be used to create the worksheets.
Where the linked inward cessions are informational or not included in accounting, then the ACs of the OCC will be used
Also, it will be possible to generate accounting classifications without the reinsurance product and the benefit covered based on the classification rules 2 in the system parameters
Changed documentation
SE-21089 - Enhancements to Retention Corridor for Capped Quota Share and Surplus - DXC #
Aim of function
The aim of this enhancement is to allow the Retention Corridor to the Capped Quota Share retrocessions to be applicable before the Quota Share retrocession is processed.
On the surplus retrocessions, the retention corridor will apply to subsequent transactions and accumulation will be considered.
Business value for customers
It is now possible to apply the retention corridor before the Quota Share is applied. When the SAR is within the retention corridor, the entire SAR will be retained and the quota share retrocession calculation will not be done
On the surplus retrocessions, the retention corridor will apply to subsequent transactions and accumulation will be considered.
System Parameters Affected
None
Existing functionality affected
A new flag 'Apply Retention Corridor before the Quota Share' is available on the Retention Corridor window of the Capped Quota Share OCC
When this flag is selected then the retention corridor will first be validated and applied before the QS retrocession
For Surplus the retention corridor for percentage is applied for new business and subsequent transactions
For Surplus when the retention corridor is defined as an amount this will be applied to subsequent transactions.
Changed documentation
SE-21090 - Handling of Proportional Claims without Cessions - Part 2 - DXC #
Aim of function
The aim of the function is to be able to create proportional claims without a link to a cession benefit and perform the recovery of such claims through the RCPO
Business value for customers
It could be possible that for some customers, the claims are handled independently and are interfaced from a separate claims system. To support handling of claims without the need for an already created cession / retrocession for recovery, it will now be possible to create a proportional claim by entering all the necessary details on the claim record itself
System Parameters Affected
None
Existing functionality affected
A new type of claim 'Standalone Proportional Claim' is now available for manual retrocessions and non- ceded statuses such as Valid, Paid, In Payment, Special Paid, Update Claim Reserve
It will be possible to process the recovery claims through the RCPO based on the ceded % that is entered on the claims
Changed documentation
SE-21509 - UI/UX Improvements Life - DXC #
Aim of function
Improve UX and UI of SICS Life Screens in Business conditions and cession
The Business >> General tab is improved by proper alignments of all fields .
The Accounting Info tab of business is improved by removing the fields that are not using in life launcher and proper rearrangement of remaining fields
The share condition of business is improved by proper alignments of all fields in view and edit mode
The SR condition of business is improved by proper alignment of all fields in view and edit mode
The cancellation provision condition, and age specifications tab of business are improved by proper alignment of all fields
Cancellation Provision:
Age Specifications tab:
The Settlement, Doc and timings tab, Remittances tab and Expenses tab of claim condition of business are improved by proper alignments of fields and flags
The Term and IO information tab of cession is improved by proper alignment of all fields
The Basic premium commission tab of deductions condition of business is improved by rearranging the renewal group box
The Insured period tab, Partners tab, Classifications tab. Life cycle tab, Amendments tab and statistics tab on business are improved by aligning the fields and group boxes
Business value for customers
Improved Look & feel of SICS Life application.
System Parameters Affected
N/A
Existing functionality affected
N/A
Changed documentation
SE-21525 - Apply Lookup Table in SAR calculation rules - DXC #
Aim of function
The aim of the function is to refer to the Lookup Table/s in the SAR calculation rule to calculate the sum to be considered for retrocession
Business value for customers
The SAR calculation rule includes SAR reserve tables and Cash Surrender Value table. The Sum to be considered for Retrocession/ Reinsurance can now be calculated using flexible calculation rules and this Sum to be considered for Reinsurance will now be used to process the Retrocessions when the RPO is run
System Parameters Affected
None
Existing functionality affected
A new field 'Sum to be considered for Retrocession' is now available on the inward cession
When the SAR calculation rule is applied, the Sum to be considered for retrocession is calculated and updated on this field. The limits on the OCC will now use the value on this field to process the retrocession cessions instead of the existing Sum at Risk field
Changed documentation
SE-21527 - Query Accumulated SAR as on date through Webservices - DXC #
Aim of function
The aim of the function is to be able to query the Accumulation on an insurable object through webservices
Business value for customers
Being able to query the Accumulation through webservices will make it possible for customers to be able to use the API in an interface that allows the users to view the accumulated SAR on a life as on any given date in order to make the underwriting decision before the policy is processed for reinsurance
System Parameters Affected
None
Existing functionality affected
New operation for to Retrieve Cessions and Accumulated Sum at Risk is available for Life webservices
The result of the operation will retrieve all the cessions and the total Sum at Risk as on the given calculation date
Changed documentation
MG & Reserve Orders #
SE-127 - SICS Scheduler Usability Enhancements - DXC #
Aim of function
To implement support for creation of actual job for the remaining orders (Group Orders).
The orders listed below can now a Activate Scheduled job from the workstation from the Group order window itself for all child orders.
- Account Group Order (Retrocession Account Order Group)
- Calculation Group Order (Retrocession Calculation Order Group)
- Recovery Calculation Group Order
Business value for customers
Once Schedule job is created with request status, the Job, however, will not be run before its activation through Accounting Orders Monitor. With this enhancement, users can Activate Schedule job from the workstation (from the Group order window itself) for all child orders.
System Parameters Affected
None
Existing functionality affected
Accounting Orders (Scheduled Job activation)
Note: The current implementation is limited to showing the menu option, but doesn't trigger activation of child orders in 23.3 release. The Activation of child orders will be implemented in SICS 23.4 release.
Changed documentation
Other #
SE-20191 - Add Configurable Support URL links in Help Menu - DXC #
Aim of function
Add configurable links that will appear in SICS as a menu item in the Help Menu.
The primary purpose is for Helpdesk links e.g. 'Contact Helpdesk' -> https://mycompany.com/helpdesk/sics
However links to any system are allowed.
Business value for customers
Easy access to specific support services from within the application itself.
System Parameters Affected
New system parameter page under Desktop Administration where multiple URL links can be added in a list.
Existing functionality affected
Help Menu bar
Changed documentation
SE-21032 - Generate SOAP API Documentation: Part 2 - DXC #
Aim of function
Generate the SOAP API documentation from code to ensure it is always up to date and complete.
In these release we are generating the list of APIs by entry point with a description and references to their input and output types.
Future releases will build on this to provide schema browsing and more detailed descriptions.
Business value for customers
Provide easily accessible, up to date generated documentation for SOAP webservices for SICS API Server.
System Parameters Affected
None
Existing functionality affected
None
Changed documentation
This report was generated Thu Sep 21 08:04:29 UTC 2023.