12.17. Maintain Business Stamps

This is where you register the pre agreed apportionment between entities/ syndicates owned/ managed by the same company. The same Business Stamp can be assigned to multiple Joint Contracts.

Create a new Business Stamp:

Register the pre agreed apportionment between entities/ syndicates:

1. From SICS desktop select Reference Items
2. Select Business Stamps and open in edit mode
3. Select Add Stamp from the pop-up menu
4. Enter Stamp Identifier and Valid Period
5. Select Add from the pop-up menu to register insurer/ reinsurer
6. Enter business partner ID or use the Find facility to select wanted insurer/ reinsurer
7. Tick off Administrator if selected business partner is the insurer/ reinsurer of the lead contract
8. Enter insurer’s/ reinsurer’s Share
9. Press Save
10. Repeat points 5-9 to add more insurers/ reinsurers
11. When Total share is 100%, press Save to save the new Business Stamp
12. Press OK

Change Business Stamp Details

Update business Stamp with new details:

1. From SICS desktop select Reference Items
2. Select Business Stamps and open in edit mode
3. Click on last Valid Period and select Edit Stamp Values the pop-up menu
4. Change details, e.g. Valid Period and/ or Stamp Identifier
5. Highlight an insurer/ reinsurer and select e.g. Edit from pop-up menu
6. Change insurer’s/ reinsurer’s share and press Save
7. As total share must be 100%, point 5 and 6 must be repeated on another insurer/ reinsurer
8. Press Save
9. Press OK

Renew Business Stamp:

Add a new Valid Period to an existing Business Stamp:

1. From SICS desktop select Reference Items
2. Select Business Stamps and open in edit mode
3. Highlight Business Stamp to be renewed and select Renew stamp from the pop-up menu
4. Enter Valid Period To Date
5. If wanted, change the apportionment between entities/ syndicates
6. Press Save

Delete Business Stamp:

Remove a Business Stamp/ Valid Period not in use on any business:

1. From SICS desktop select Reference Items
2. Select Business Stamps and open in edit mode
3. Highlight Business Stamp to be removed and select Delete from the pop-up menu. If selected Stamp have multiple Valid Periods, last period can be deleted by highlighting the Valid period and select Delete Stamp Values from the pop-up menu.
4. Press Save

Field Description - Business Stamps