What's new
Accounting General #
SE-22283 - Setting for Settlement Balance Group not to be deleted on reversal of a worksheet - Renaissance Re #
Aim of function:
To keep the Settlement Balance Group even when a balance in the SBG is reversed and settled and therefore removed from the SBG, recalculating the SBG's balance.
Business value for clients:
This can enhance client efficiency and decrease administrative workload by eliminating the need for manual recreation of SBGs when balances are reversed and settled. Instead, the actual balance is removed from the Settlement Balance Group and recalculated automatically based on the remaining balance. This simplifies the process, improves user experience, and ultimately saves time and effort.
System Parameters Affected:
A new System Parameter named: 'Keep SBG When Balance Is Settled and Removed From SBG After Reversal' under Accounting>Balance Pairing
Existing functionality affected:
- The functionality of Reverse and Reverse and Replace balances.
- Maintain Settlement Balance Groups.
Changed documentation
/sicsdocs/user_guide/pc/accounting/bp_ledger/#remove-balances-from-the-settlement-balance-group
SE-22245 - Improve Technical Worksheet Accuracy Validation Framework to promote Lean Processing - Swiss Re Zurich #
Aim of function
Improve the Accuracy Validation so that minor deviations do not raise error messages by introducing more Threshold Limits for the validations.
1. Improve existing Validation for AC0399 Threshold Limit so that if the target amount is smaller or equal the threshold limit, SICS logs the situation with the same information as if the user has overruled AC0399 when the target amount is greater than the threshold limit.
2. Introduce a new threshold limit for AC0395 Threshold Limit so that the hard stop is triggered only when the target amount is missing, and booked base amount is greater than the defined threshold limit even though the business condition exist on it. SICS will record Accuracy Validation log message when the user has overruled AC0395. If target amount is missing, and the booked base amount is smaller or equal the defined threshold limit, SICS will only log and will not trigger hard stop.
3. Introduce a new threshold limit for AC0392 Threshold Limit so that the hard stop is triggered only when the base amount is missing, and the target amount is greater than the defined threshold limit even though the business condition exist on it. SICS will record Accuracy Validation log message when the user has overruled AC0392. If the base amount is missing, and the target amount is smaller or equal the defined threshold limit, SICS will only log and will not trigger hard stop.
4. Improve existing validation for AC0068 so that it is not triggered for Deduction validation if the Deduction Method on the condition is defined as 'Original + Percentage' and it has no Percentage defined.
Business value for clients
Reduce number of hard stops that interrupt the booking process. Gain efficiency and promote lean processing.
System Parameters Affected
Accuracy Validation Rules
Accuracy Validation Template
Existing functionality affected
Accuracy Validation
Changed documentation
SE-16865 - Pairing ID- Enable a finance user to reference a pairing to a SICS user - Triglav #
Aim of function
Pairing ID should be set on all pairings independent if the system parameter 'Balance Pairing Group in use' is selected or not. If there is an Identifier Series defined for Group Pairing (to be renamed), the system must create Identifiers both for normal pairings and for pairing groups.
Additionally, the Pairing ID shall be shown in the FC Revaluation container open from the balance properties, when the row is created from the balance pairing.
Business value for clients
Even when the client does not want to activate and use the Balance Pairing Group they still want to use Pairing IDs. With this enhancement the Pairing Id will also be shown in the FC Revaluation table.
System Parameters Affected
'Balance Pairing Group in use' will not affect the setting of Pairing ID in Balance Pairing and Balance Pairing Group.
Existing functionality affected
Balance Pairing
Balance Pairing Group
FC Revaluation table
Changed documentation
Cede and NP Recovery #
SE-22598 - Improvement of Domain Retrieval for Policy Light and Light Claim - Part 1 - AGCS #
Aim of function:
Improvement of Domain Retrieval for Policy Light and Light Claim.
Business value for customers
Access to an overview of structure, classification and protections for the light object via domain retrieval for web services: SicsPolicyLightBusinessReference and
SicsLightClaimReference.
System Parameters Affected:
N/A
Changed documentation
SE-24451 - Web Service for Add and Realize Fac OCC Protection - Part 1 - Allianz AG #
Aim of function
Create Web Service for Add and Realize Fac OCC Protection
Functional and Technical specifiation
Business value for customer
Prop Fac OCC could be defined and created via Web Service - in addition to existing online functionality
System Parameters affected
None
Existing Functionality affected
Add and Realize Fac OCC Protection online - from Policy Light, assumed Fac and Direct business
Changed documentation
SE-25838 - DXC Assure C&S Integration - DXC #
Aim of function
Implement a simple out of the box integration solution for DXC Assure Commercial & Specialty on Microsoft SQL Server
Business value for customers
OOTB Integrated solutions
Changed documentation
Claims #
SE-23101 - Display FGU Advisory creator - Date and Time - Renaissance Re #
Aim of function:
Display FGU Advisory creator and timestamp on each advisory.
Improve navigation between advisories by implementing date selection list, similar to the one which is present on Business Insured Period; allowing user to navigate directly to a specific Advisory.
Functionality:
FGU Administration
System Parameters:
None
Changed documentation
/sicsdocs/user_guide/pc/claims/fgu_advisory_cedents_claim_figures/#create-fgu-advisory
/sicsdocs/user_guide/pc/claims/fgu_advisory_cedents_claim_figures/#edit-fgu-advisory
/sicsdocs/user_guide/pc/claims/fgu_advisory_cedents_claim_figures/#view-development-of-fgu-figures
SE-22256 - Introduce Threshold Limit for AC0399 and AC0395 Validations to promote Lean Processing - Swiss Re Zurich #
Aim of function
Implement a threshold amount for claim accuracy rules where either AC0399 or AC0395 may be raised. These errors which currently result in a hard-stop, should not be raised if booking is below defined threshold.
Business Benefit
The threshold amounts in Claim Accuracy rules reduces the number of hard-stops and promotes lean processing of claim worksheets.
System Parameters Affected
Claim - Claim Accuracy Rules
Existing functionality affected
Create Claim Worksheets
Create FGU Worksheets
Changed documentation
/sicsdocs/user_guide/pc/accounting/claim_acc/#change-the-worksheet-to-closed
eMessaging #
SE-24953 - Acord ADEPT Integration - Outbound messages - DXC #
Aim of function
Support of outbound messages to start receiving the Response Acknowledgements for ceded outbound CM, TA and Settlement messages from ADEPT to SICS.
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-5993 - Add a Validation Rule to allow linked BC in the Validate FAI Base Company - Partner Re #
Aim of function
To enable a new Modifier Rule 'FAIBaseCompanyAllowLinkedReceiver' to consider message Receiver's Linked BC's as well when validating with FAI Base company.
Business value for customers
With the new Rule active, an FAI message should be possible to validate without error even if it contains different Base Company than the matching balance(s) if the involved Base Companies are linked.
System Parameters Affected
NA
Existing functionality affected
- Validate FAI Base Company Rule
- eMessage Processing
Changed documentation
SE-19549 - Bulk set status - Marked as Examined - Renaissance Re #
Aim of function
To bulk set the eMessages to 'Examined' status by selecting the option 'Mark as Examined' from the Find eMessaging window.
Business value for customers
The customer can set ''Examined' status on multiple messages simultaneously, from the eMessaging Find window.
This is applicable for all types of messages except for Acknowledgment messages. Making it possible for SICS to set the validated messages to Examined status in both the View message window and from the Find window.
System Parameters Affected
N/A
Existing functionality affected
Processing of eMessages.
Changed documentation
/sicsdocs/user_guide/pc/emessaging/highlights/#mark-as-examined
SE-22948 - Claim on Disposition - New Rule to raise awareness when TA message is processed - Renaissance Re #
Aim of function
A new eMessaging rule CheckIfClaimDispositionIsInformational to check for the claim disposition on Claim Signing Account Messages.
When the rule is in force:
- This rule checks for Claim disposition on claims that are attached to non-zero payment TA claim signing messages, and if the claim disposition of the claims is Informational then this rule sets an error on eMessages.
When the rule is not in force:
- Then it work as it works now.
Business value for customers
The Claim signing accounts received against informational claims stop with an error meaning the balance of TA is not financially relevant balance.
System Parameters Affected
N/A
Existing functionality affected
eMessage Processing
Changed documentation
SE-23103 - FGUClaimAmountsValidationRule - Incorrectly triggered - Amount mismatch with Claim ledger - Renaissance Re #
Aim of function
For current messages:
- To raise an error message related to AAD whenever there is an AAD applied on the contract.
Business value for customers
For current messages:
- When AAD is applied to Claim FGU advisories, SICS to raise an error message 'Claim is on a contract with AAD, which might impact the loss and expense amounts' by 'FGUClaimAmountsValidationRule' whenever there is a mismatch of amounts due to AAD.
System Parameters Affected
None
Existing functionality affected
Processing of eMessages.
Changed documentation
/sicsdocs/user_guide/pc/emessaging/highlights/#claim-movement-messages—annual-aggregate-deductible
SE-24772 - Modify the InsuredPeriodValidation rule - allow eMessage worksheets to bypass waiting/in review status - Renaissance Re #
Aim of function
To Create a new Modifier rule ModifyPreventManualUpdateOfWorksheet which allows System to ignore the functionality of the parameter 'Prevent Manual Update of Technical/ Claim Worksheets' when Worksheets are created through eMessaging.
Business value for customers
For specific type of message (specified by Message Type & Message Function) User wants not to apply Review/Authorization functionality so that the message/ worksheet will flow through the process.
System Parameters Affected
- Prevent Manual Update of Technical/ Claim Worksheets
Existing functionality affected
eMessage processing
Changed documentation
SE-22271 - Book message items coming from different TA messages under one message id - Triglav #
Aim of function
To extend ReferRelatedMessagesWorksheetReferenceRule to Techaccounts, so that messages of same group reference can be booked under a single Technical worksheet ID.
For Example:
In a group, we are receiving n no.of eMessages, when this rule ReferRelatedMessagesWorksheetReferenceRule is ON, all the TA messages that are part of group will make their bookings against a single worksheet ID.
Business value for customers
- With this enhancement user can avoid the creation of multiple worksheets.
- They can easily retrieve the results for data comparison.
Existing functionality affected
eMessaging Process
Changed documentation
Life #
SE-23686 - UI/UX Improvements - Life - DXC #
Aim of function
Review all validation/information/confirmation messages and make sure to avoid SICS term in Assure Re version.
Business value for customers
Better UI for the Standalone Retrocessions Main and Agreement tab.
System Parameters Affected
N/A
Existing functionality affected
N/A
Changed documentation
SE-24969 - Allow more than one Protection Program on the Retrocession Claim Processing Order - FWD #
Aim of function
The aim of the function is to be able to add more than one Protection Program to the Retrocession Claim Processing Order to process the recovery of all claims retroceded through the Protection Programs.
Business value for customers
All claim recoveries can be done through a single run of the Retrocession Claim Processing order.
System Parameters Affected
None
Existing functionality affected
A new flag ' Multiple PP' is available on the Retrocession Claim Processing Order. Selecting this will allow the user to include several Protection Programs within the same RCPO for processing.
Changed documentation
SE-25092 - New Security Use Cases for Cession Worksheets and Individual Insurable Objects - FWD #
Aim of function
New Security use cases for Individual Insurable Object handling.
New Security use cases for Cession Worksheet administration.
Business value for customers
It will be possible to delink the Individual Insurable Object handling use case from the Group Insurable Object use case enabling the customer to entirely hide the Group Insurable Object handling from the desktop when not relevant.
New Security Use Cases and user access will now be available to control the Cession Worksheets created through the Cession and Retrocession Cession Order.
System Parameters Affected
None
Existing functionality affected
New Update User Access is available in the Individual Insurable Object Administration.
New Use Case for Cession Worksheet handling.
Note:
The new Use Case for Cession Worksheet handling is unassigned to all users by default and hence the system administrator will need to assign this use case to all relevant users when upgrading to the version where this use case is available.
Changed documentation
SE-25278 - Additional Conditions for Business Webservices in Life - FWD #
Aim of function
The aim of this function is to extend the Life Business webservices to support more functions.
Business value for customers
More Life business conditions are now supported through APIs.
System Parameters Affected
None
Existing functionality affected
The following functions are now available through Webservices for Life business:
1. Link OCCs to PPs through Webservices
2. Link Assumed Business to Reinsurance Program through Webservices
3. Add placements on OCCs through Webservices
4. Administration Condition on the business can be created through Webservices
5. The flag 'Default Accounting Classification from the Linked Inward Cession' can be set through Webservices
Changed documentation
SE-25418 - Various new fields on the cession benefit level for RPO processing and new Premium option - FWD #
Aim of function
Various new fields on the cession benefit which will be included in the SAR and premium calculation rules and also be used to process the retrocessions when the RPO is run.
A new Rate Amount option for Premium Calculation where a Premium Calculation Rule can be specified.
Additional fields on the Other Information tab.
Business value for customers
The Premium calculation and SAR calculation rules will now be able to use parameters from the Retrocession Cession level along with the parameters from the Cession level which include new fields for Accumulated values.
Ten Other Information fields will be available for SAR and Premium Calculation rules.
It will also be possible to define a Premium Calculation Rule on the PM condition which will reference to various fields on the cession and retrocession cession benefits for premium calculation.
System Parameters Affected
New system parameter 'Show accumulated amounts on the cession benefit'.
New Variables for Retrocession in the SAR and Premium Calculation Rules
Existing functionality affected
1. When the system parameter 'Show accumulated amounts on the cession benefit'
The following new fields will be available on the cession benefit
1. Accumulated Retention
2. Accumulated Sum Assured
3. Accumulated Gross Sum Reinsured
4. Accumulated Sum at Risk
The above values will be defaulted on the cession benefit as an absolute value without considering any exchange rates
The values will be defaulted from the cession benefit in the sequence of the effective period start date and the sequence of creation. Only the absolute value will be updated and no currency exchange rates will be applied. No recalculation of these values will be done after the RPO is processed.
2. All fields on the retrocession cession benefit are now available for selection as variables when defining the SAR calculation and the premium calculation rules.
3. On the PM condition a Rate / Amount option 'Use Premium Calculation Rule' is available. Selecting this option will calculate the premiums using the calculation rule defined in the system parameters where one or more Lookup Tables can be referenced along with other fields on the cession benefit.
4. 34 Other Information fields are now available on the Cession Benefit transaction. These are informational fields. Other Info 1 to Other Info 10 are now available as Cession and Retrocession variables that can be used in SAR and PM calculation rules.
Changed documentation
SE-25441 - Handling of Recovery of Declined Claims with refund of premiums - FWD #
Aim of function
The aim of the function is to be able to handle recovery of declined claims where the reinsurance premiums are refunded.
Business value for customers
For products where there are specific rules for recovery of premiums in case of declined claims there are now different options to support various calculation rules.
System Parameters Affected
None
Existing functionality affected
For claims on cessions where the Ceded flag is selected, there is now a new status 'Declined' that is allowed. On a Declined claim the following options are available and selection of each option will result in the claim recovery being calculated based on the reinsurance premium paid.
Declined- no refund : The recovery claims will be created with the status Declined, but no ACIs will be created for recovery
Declined- recovery of all reinsurance premiums paid : This will create the recovery based on Net premiums (Premiums+ Extra premiums – all types of Commissions) that have 'Included' status on linked retrocession.
Declined- recovery of only reins premiums paid after the date of claim event on non pro rata basis with recovery of only reinsurance premiums paid after the next anniversary date following the claim event date.
Changed documentation
Other #
SE-22622 - Restrict ability to turn on/off access security - Allianz AG #
Aim of Function
A new security use case: Security Administration – Access Security.
The new use case will control if the user is allowed to update the Access Security.
Usage Description
- User A is assigned with both the security usecase Security Administration (E: Execute) and Security Administration - Access Security (U: Update). User A will be able to update the Access Security.
- User B is assigned with only the security usecase Security Administration (R: Read). User B will NOT be able to update the Access Security.
- User C is assigned with only the security usecase Security Administration - Access Security (U: Update). User C will NOT be able to update the Access Security because it does not have access to the Access Security Manager.
- User D is assigned with only the security usecase Security Administration (E: Execute). User D will NOT be able to update the Access Security.
- While upgrading to a new version of SICS from a version not having the new security usecase Security Administration - Access Security, all existing user roles having the usecase Security Administration (E: Execute) assigned will automatically be assigned the Security Administration - Access Security (E: Execute) security usecase.
Business value for customers
With this new feature, the client can assign dedicated users which already have assigned the Security Administration use case to only have access to update the Access Security instead of all users having the Security Administration usecase.
System Parameters Affected
None
Existing functionality affected
Security administration
Changed documentation
SE-24623 - SICS UI/UX Improvements - Business Group Handling - Part2 - DXC #
Aim of function
Improve the usability of managing the assignment of business by adding a List icon next to Master Treaty Group, Merger Group and Bifurcation Group.
Business value for customers
Improved UX and usability.
System Parameters Affected
N/A
Existing functionality affected
View Merger Group from Business
View Master Treaty Group from Business
View Bifurcation Group from Business
Changed documentation
SE-25906 - SOAP API documentation updates - DXC #
Aim of function
Update the API descriptions in code to complete the generated documentation based on the current generation capability.
The descriptions for the Document Production and Domain Retrieval entry points to the generated documentation.
Business value for customers
Provide easily accessible, up to date generated documentation for SOAP webservices for SICS SOAP API Server.
System Parameters Affected
None
Existing functionality affected
None
Changed documentation
This report was generated Thu Mar 21 08:28:27 UTC 2024.