8.4. Mass Update Amendment Links

Most companies need a contract amendment to be linked only to those terms and conditions that changed as part of the amendment. Some companies have however other applications that work with complete versions after each amendment. To make the interface to these easier, SICS offers a facility that automatically links all existing conditions to an amendment upon creation of this amendment. Please refer to the description of the system parameter Automatically Amend Condition for more details. Along with this auto amend facility, SICS offers also a feature for updating the history, where the amendments already existed before activating the facility. To update the history, you can use the Mass Update Amendment Links feature. This mass update has however major impact on all contracts in the system, as all terms and conditions will then be linked to all contract amendments. Thorough analysis and considerations should therefore be taken in advance of taking such action.

Mass Update Amendment Links for History #

Identify and update businesses where amendments exist, but where amendments are not yet linked to the terms and condtions of the businesses, as per selections made in the system parameter Automatically Amend Contract Information

1. Open Mass Update Functions and select Mass Update Amendment Links.
2. Select Level of Business, e.g. Assumed Business. If the businesses to be updated consits of a ‘parent’ business with sub businesss (e.g. Ouward Cedent’Contract with Placements), select the top / ‘parent’ level (e.g. the OCC).
3. If you want to narrow down your search, enter one or more additional search criteria, i.e., Type of Business, Main Class of Business, Underwriting Year From/To and/or Base Company.
4. Select the Find Business button
5. From the pop-up menu, select the insured period(s) that you want to include in the mass update
6. Select the Mass Update button

Field description: Mass Update Amendment Links