Proportional Retrocession Accounting in SICS lets you do automatic calculation and booking of figures to be retroceded to an Outward Cedent’s Contract (OCC) and the Retrocessionaire’s Participation (ORP) of the OCC.
To be able to do Proportional Retrocession Accounting, an OCC protecting an Assumed Business (AB) must be created. The Insured Period From date of the AB must be included in the Insured Period of the OCC. One or more RPs must be defined on the OCC and the OCC’s Placement List must be complete.
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The purpose of this order is to calculate the difference between the booked estimated values and the accounted figures. The calculated difference is booked as accrual. If the accruals of the Assumed side is not transferred to the retrocession side by the Retrocession Estimation Calculation order the Multi GAAP Retrocession order must be run in order to get accruals calculated.
The Multi GAAP Retrocession order will perform the following:
It books the estimates in the Period Estimates tab on the Proportional and Non-Proportional Facultative, and Non-Proportional Treaty Retrocessionaire’s “as Booking”.
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This table contains a breakdown of the DXC SICS Java source code.
Metric Number of items Java source file 65,272 Java source code line 7,129,787 Class 49,539 Inner-class 212 Static nested class 142 Method (in classes and enums) 497,882 Constructor 35,591 Enum 199 Interface 15,684 Domain class 3,442 Process class 9,897 UX class 5,205 The SICS application Java classes largely fall into these 3 architecture categories:
Release date # 21 Jun. 2024
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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