Base Company Specific Settings

9.4. Base Company Specific Settings

The Base Company Specific Settings are the system parameters that can be defined per Base Company. If your company have more than one Base Company, these system parameters can be set individually (for each separate Base Company) or if Default Settings are selected, settings can be the same for all Base Companies.

System Parameters Type - Claim Headline Loss Assignment #

For each Base Company, the link to Headline Loss should be made mandatory for selected Main Classes of Business(es).

The validation takes place when the claim’s status is changed to Closed.

Field Description - Claim Headline Loss Assignment #

SE-9630_Base_Co_Claim_Headline_Loss_Assignment_MCOB.PNG

Field	Description
Mandatory Headline Loss Link for Main Class of Business	Selected: For selected Base Company(ies) and Main Class of Business combination(s), a Headline Loss link on the claim is mandatory. Cleared: Headline loss link is not mandatory on the claim for any Main Class of Business(es)-Base Company combination. Relevant when: You want to make sure that for the combination of base company(ies) and main class of business(es), Headline loss link is mandatory.If the Headline loss link is missing, the system rasies a warning message when creating a new claim worksheet, and an error message when changing claim status. Applicable for : P&C, Cede
Main Class of Business	Selected: Display Main Class of Business(es) for which Headline loss link is mandatory. Cleared: Headline loss link is not mandatory for any Main Class of Business(es) for respective Base Company(ies). Relevant when: You want to make sure that for the combination of base company(ies) and main class of business(es), Headline loss link is mandatory.If the Headline loss link is missing, the system rasies a warning message when creating a new claim worksheet, and an error message when changing claim status. Applicable for : P&C, Cede

Field

Description

Mandatory Headline Loss Link for Main Class of Business

Selected: For selected Base Company(ies) and Main Class of Business combination(s), a Headline Loss link on the claim is mandatory.

Cleared: Headline loss link is not mandatory on the claim for any Main Class of Business(es)-Base Company combination.

Relevant when: You want to make sure that for the combination of base company(ies) and main class of business(es), Headline loss link is mandatory.If the Headline loss link is missing, the system rasies a warning message when creating a new claim worksheet, and an error message when changing claim status.

Applicable for : P&C, Cede

Main Class of Business

Selected: Display Main Class of Business(es) for which Headline loss link is mandatory.

Cleared: Headline loss link is not mandatory for any Main Class of Business(es) for respective Base Company(ies).

Relevant when: You want to make sure that for the combination of base company(ies) and main class of business(es), Headline loss link is mandatory.If the Headline loss link is missing, the system rasies a warning message when creating a new claim worksheet, and an error message when changing claim status.

Applicable for : P&C, Cede

System Parameters Type - Claim Limit Amount for Headline Loss Assignment #

For each Base Company and Main Class of Business it is possible to define the incurred amount expressed in base currency, which will require a Headline Loss link for the assumed business.

The validation takes place when the claim’s status is changed to Closed.

Applicable for: P&C

Enter Claim Limit Amount for Headline Loss Assignment

Select wanted Base Company and Reporting Unit (if wanted).
Select Claim Limit Amount for Headline Loss Assignment in System Parameter Types
Select Edit from menu
Select Add from menu in Main Class of Business display list
Select wanted main Class of Business from drop-down list
Enter Claim Limit Amount
Click Save
Click OK to save Edit Claim Limit for Headline Loss Assignment

Field Description - Enter Claim Limit Amount for Headline Loss Assignment #

Field	Description
*‘Main Class of Business ‘*	Selected: Show Main Class of Business(es) for which amount limits are defined. Cleared: At least the value <None> must be selected, meaning this is for all Main Class of Business not defined with its own Claim Limit. Relevant when: You want to make sure that all claims exceeding a certain amount limit in Base Currency for a specific Main Class of Business is linked to a headline loss. You cannot link same Main Class of Business to more than one Claim Limit.
*‘Claim Limit Amount ‘*	Selected: The incurred Amount Limit that a claim for the selected Main Class of Business cannot exceed without being linked to a Headline Loss. Cleared: Must be entered. Values: Numeric with 2 decimals Relevant when: You want to make sure that all claims exceeding a certain amount limit in Base Currency for a specific Main Class of Business is linked to a headline loss.

Field

Description

‘Main Class of Business ‘

Selected: Show Main Class of Business(es) for which amount limits are defined.

Cleared: At least the value <None> must be selected, meaning this is for all Main Class of Business not defined with its own Claim Limit.

Relevant when: You want to make sure that all claims exceeding a certain amount limit in Base Currency for a specific Main Class of Business is linked to a headline loss. You cannot link same Main Class of Business to more than one Claim Limit.

‘Claim Limit Amount ‘

Selected: The incurred Amount Limit that a claim for the selected Main Class of Business cannot exceed without being linked to a Headline Loss.

Cleared: Must be entered.

Values: Numeric with 2 decimals

Relevant when: You want to make sure that all claims exceeding a certain amount limit in Base Currency for a specific Main Class of Business is linked to a headline loss.

System Parameters Type - Claim Specific #

Base Company Specific Settings_Claim Specific

Field	Description
Main Class of Business Selection / Additional Claim Classification	Selected: Additional claim classifications 1-7 are enabled for the selected base company- and Main Class of business combination. Cleared: Additional claim classifications 1-7 are not enabled. Relevant when: Base companies within the same group may require different types of characteristics, or classifications depending on the base company and the line of business. Applicable for : P&C, Cede
Main Class of Business and Claim Category Limit	Selected: Claim Category Limit and Amount fields are enabled for the selected base company and Main Class of Business combination. Cleared: Claim Category Limit and Amount fields are not enabled. Relevant when: A company wants to indicate a specific limit for a base company and Main Class of Business combination. Applicable for : P&C, Cede
Sub Prio Threshold	Selected: Activates a new field in Claim Classification allowing you to define a threshold percentage. A threshold amount is calculated against the Retention/Underlying Top Limit. An eMessaging rule is checking the threshold amount against the Incurred From Ground up figure given in a message. If the Incurred amount is within the threshold amount, the message is set to informational. Applicable for: P&C
Claim Advice Fields Mandatory	Selected: The Received Date of Claim Section Details is mandatory when creating a new claim. Cleared: The Received Date is not mandatory. Relevant when: It is required to register the date on which the initial claim advice is received when creating a new claim. Applicable for : P&C
FGU Quotation Figures	Selected: A possibility to register informational From Ground Up figures in claims. Cleared: The option to register quotation amounts is not available. Relevant when: When you want the possibility to register informational Claim Figures advised by Cedant without any links to accounting. Applicable for : P&C
FGU Indicator - Type of Participation	This parameter allows you to define the default value of the indicator depending on the Type of Participation. It is only relevant if you have activated the FGU Indicator functionality in Claims Parameters. Selected Types of Participation: The FGU Indicator is by default activated on individual claims, and claim programs for the selected Types of Participation, provided that FGU is enabled for that type. Not selected Types of Participation: The FGU indicator is by default cleared, disabling FGU registration. Relevant when: You want to control which claims should be handled using the FGU functionality. Applicable for : P&C
FGU Indicator not defaulted for - Administration type (Additional Classification)	The parameter allows you to define when the FGU indicator should not default, despite otherwise default per base company and type of participation. Selected Additional Classification: The FGU Indicator is not defaulted on the individual claims and claim programs created on business with the defined Administratioon Type. Not selected Additional Classification: The FGU indicator is defaulted on the individual claims and claims program provided matching Type of Participation.. Relevant when: You want to control which claims and claims program should not have the FGU functionality activated by default. Applicable for : P&C
FGU Indicator - Quota Share Only When CP Link	This parameter is only relevant if you are using both Claim Program and FGU indicator functionality and have selected Quota Share as one of the Types of Participation for which to default the FGU Indicator. Selected: The FGU Indicator is by default selected on claims created on Quota Share Treaties only if the treaty and claim is also linked to a Claim Program. If the claim is created on a Quota Share treaty but not linked to a Claim Program the indicator is by default be cleared. Cleared: The indicator is by default selected on individual quota share claims regardless of any Claim Program link. Relevant when: You want to use the FGU functionality only for those proportional treaty claims which are linked to a combination of Non-Proportional and Proportional Treaties in a Claim Program. Applicable for : P&C
Signature Note As Part of Booking	Selected: Signature Notes are mandatory as part of Claim Worksheet Closing when a single claim is booked on. Cleared: Signature Notes are not mandatory. Relevant when: When you want to ensure that the user creates Signature Notes whenever a claim worksheet is closed and worksheet only includes a single claim. Applicable for: P&C, Cede
Signature Note When Updating	Selected: Signature Notes are mandatory when creating or updating a claim Cleared: Signature Notes are optional. Relevant when: When you want to ensure that a signature note is created whenever a claim is updated. Applicable for : P&C, Cede
Create And Link Claim Specific Folder	Selected: A specific folder is created on the disk when a claim is created for Base Company / Reporting Unit combination. The folder link is created in a specific Signature Note. Cleared: The folder is not created on the disk Relevant when: When you want to maintain all documents relevant for a claim in one dedicated folder, and want the folder to be created when the claim itself is created. Applicable for: P&C, Cede
Link Prefix	Selected: The prefix which identifies which document path will be used. Must be defined if the above parameter is activated. Applicable for: P&C, Cede
Link Path	Selected: The path under which the Claim Specific folder is created. Must be defined if the above parameter is activated. Applicable for: P&C, Cede
Always set Claim Action Date for Sub Dispositions other than None	Selected: The Claim Action Date is always defaulted when the claim’s sub disposition is not or empty. Cleared: The sub disposition does not determine Claim Action Date. Relevant when: You want to make sure that an action date is set when the claim has a sub disposition. Applicable for: P&C, CEDE
Validate against Reserves	Selected: Claim Action date is set depending on the reserves. If reserves are zero, the action date is not populated, or it is cleared. If the previous parameter is set, the validation against Reserves will not take place. Cleared: The Claim Action Date is updated regardless of reserves. Relevant when: You want to avoid updating or setting Claim Action Date when all reserves are zero. Applicable for: P&C, CEDE
Claim Action Date Not Defaulted For	Selected: A claim action date is not defaulted for claims with the selected claim disposition. Cleared: Claim action date is defaulted for all claims. Relevant when: When Claim action date is activated and you want to be able to avoid automatic follow-up for certain claim dispositions, for example if the claim is precautionary. Validation is done when creating/updating claims, when updating claim disposition and creating claim worksheets. Applicable for: P&C, Cede
Dispositions	Selected: Claims with the selected disposition/s will not get a default claim action date. At least one disposition must be defined if the above parameter is activated. Applicable for: P&C, Cede
Set Claim Action Date When Booking	Selected: A claim action date will be set for all claims when a claim worksheet is created. Cleared: Claim action date is given for all claims, unless claim disposition is selected under system parameter Claim Action Date Not Defaulted For. Relevant when: When claim action date is activated and you want to be able to avoid automatic follow-up for certain claim dispositions, but as soon as a claim worksheet is created the claim requires follow-up and a claim action date is set. Applicable for: P&C, Cede

System Parameters Type - Classification Rule 1 #

Here you can set the system parameters regarding Accounting Classification, Section- and Accounting Classification Rules (Legal Area and Reporting Units).

Enter Classification Rules 1

Select wanted Base Company and Reporting Unit (if wanted).
Select Classification Rules 1 in System Parameter Types
Select Edit from menu
Select/ clear wanted System Parameters
Click OK

Field	Description
Accounting Classifications is Mandatory for Booking	Selected: Accounting Classification must be defined for Business before bookings can be completed. Each booking needs to be registered with an Accounting Classification. Cleared: This parameter should NOT be cleared. Relevant when: Accounting Classifications mandatory on bookings gives opportunities to link a booking to e.g. a specific Class of Business. An Accounting Classification can only have one value for each types (e.g. Class of Business). Applicable for: P&C, Life
Default Bookings to be split per Accounting Classification Percent	Selected: Bookings can be split according to the Accounting Classification Percent on the same section as the booking is made. It automatically activates the To Be Split function on worksheets if Main Section is selected and the total of the Accounting Classification Percents is exactly 100. Cleared: If more than one Accounting Classification is created for the section, user will have to select one of the valid Accounting Classifications. Relevant when: When there is a percentage split between Accounting Classifications within the same section, you want to make sure that all default bookings are split into predefined percentages accordingly.
Display AC Split % table on Limit and Premium Condition	Selected: The activation of this parameter makes the AC Split % table available for input on the Limit and Premium Condition of Non-Proportional Treaty OCC. Cleared: The AC Split % tab is not available on the Limit and Premium Condition of Non-Proportional Treaty OCC. Relevant when: When you want to enter a separate AC Split % that applies to the automatic booking of Installment and Adjustment Premium only. Applicable for: P&C, Cede
Premium booking to be split per Accounting Classification Percent defined on Premium Condition	This parameter is only available for selection if the above parameter is activated. Selected: Indicates that the system must use the AC Split % defined on the Limit and Premium Condition in the automatic premium calculation on Non-Proportional Treaty OCC. Cleared: System uses the AC Split % defined on the AC Condition in the automatic premium calculation on Non-Proportional Treaty OCC. Relevant when: When you want the system to use the AC Split % defined on the Limit and Premium Condition in the automatic premium calculation on Non-Proportional Treaty OCC. Applicable for: P&C, Cede
ESPID Table is mandatory in Automatic Premium Accounting	Selected: ESPID Table must be attached to the M&D Premium or Adjustment Premium before automatic booking of premium can be performed on a Non-Proportional Treaty OCC. Cleared: System allows booking of installment and adjustment premium without an AC Split % defined on the Limit and Premium Condition of the Non-Proportional Treaty OCC. Relevant when: When you want to prevent users from booking premium automatically without having an ESPID Table linked to the Limit and Premium Condition. Applicable for: P&C, Cede
Legal Area is Mandatory in Section- and Accounting Classification	Selected: Legal Area must be registered on each Section and Accounting Classification. Cleared: Sections and Accounting Classifications can be created without a Legal Area. Relevant when: For Businesses with more than one legal area and you want to have e.g. one Accounting Classification per area for reporting purpose. Applicable for: Life
Mandatory - Reporting Unit Category 1, 2 and 3	Selected: * Indicates which Reporting Unit Category is mandatory on Sections and Accounting Classifications. You can select up to 3 categories. In case the Reporting Units should be mandatory on Sections only, i.e. not allowed in Accounting Classification, this can be defined by selecting the parameter Not Allowed in AC. * If System Parameter/ Business/Classification/ Extend Classification Set up per Reporting Unit is Selected, then these Mandatory Reporting Unit categories can be selectable in Base Company Specific Settings/Classification Rules 2 Cleared: No Reporting Unit Category is mandatory Values: Person, Profit Center, Segment Code, <None> Validations: The same Reporting Unit Category can only be selected once. Relevant when: You want all sections and bookings to be linked to e.g. a Profit Center. Applicable for: P&C, Life
Not Allowed in AC	Selected: Indicates that the corresponding Mandatory Reporting Unit Category is mandatory only on the business Sections and NOT allowed as part of the Accounting Classification. Cleared: The corresponding Mandatory Reporting Unit Categories are mandatory BOTH on the business Sections and in the Accounting Classification Validations: Only enabled if the corresponding Reporting Unit Category is selected as mandatory. Relevant when: You want to force the users to classify the business with this Reporting Unit but prevent the Reporting Unit to be part of the Accounting Classification, both when Accounting Classifications are created manually and automatically Applicable for: P&C, Life

System Parameters Type - Classification Rule 2 #

Within this part you will have to define which Classification Types that are In Use, Mandatory or Optional to be included in Business Classification or Accounting Classification. The idea is that end-user should not need to manually judge if a value should be included in an Accounting Classification or NOT when generating Accounting Classifications. You should have this in mind when setting up these rules and also you must have an idea about what level you want to run reports on for business and accounted figures. These parameters can be defined per Base Company, per Type of Business, per Reporting Unit and Main Class of Business.

Note! Classification Types to be included in Accounting Classification names are set for the entire company, and not per Base Company, and all Main Classes of Business will have the same settings.

Enter Classification Rules 2, Section Classification

Select wanted Base Company and Reporting Unit (if wanted)
Select Classification Rules 2 in System Parameter Types and select Edit from menu
Select Type of Business (if wanted)
If wanting the classification for a specific reporting unit other than legal reporting unit or <None>, select the reporting unit again.
Select Main Class of Business or <None>
Select wanted Coverage Classification Type and change In Use, Mandatory and/or AC to Yes/ No.
Click OK

Note! Main Class of Business and Class of Business are mandatory regardless of the setting.

There are three columns for each Coverage Classification Types; In Use, Mandatory and AC. The following combinations are allowed when setting up these rules:

In Use	Mandatory	AC	Explanation
Yes	Yes	Yes	Mandatory on both Business and Accounting Classification
Yes	Yes	No	Mandatory on Business, Not Allowed in Accounting Classification
Yes	No	Yes	Optional for both Business and Accounting Classification
Yes	No	No	Optional on Business, Not Allowed in Accounting Classification
No	No	No	Not allowed on Business nor in Accounting Classification

Be aware that when user is generating Accounting Classifications the system will default any values from the Scope of Cover Classification if they are defined as Optional or Mandatory. If the value is Optional the person who are generating Accounting Classifications will therefore need to remove these values if Optional but NOT wanted.

No matter what rules that are defined in the System Parameters the following values are always mandatory for Accounting Classifications;

P&C: Type of Participation (method) for treaty business, Main Class of Business, and Class of Business
SICS Life: Reinsurance Premium Method, Reinsurance Product (method) and Benefit Covered.

A change in a rule for a type will have effect on the Valid/Invalid indicator for existing Accounting Classifications. Example: changing from Mandatory or Optional to Not Allowed, existing Accounting Classifications with value from this type will be changed from valid to Invalid.

Enter Classification Rules 2, Accounting Classification Name

Select <Default Settings> in Base Company drop-down list
Select Classification Rules 2 in System Parameter Types and select Edit from menu
Select value <None>, and specify the default values to be used for all Main Classes of Business values.
Select wanted Coverage Classification Type and change Sequence Number.
Value 0 means that this value will be ignored.
Click OK

If for a specific Main Class of Business value no specific rules have been defined, the default rules will apply.

Note! The only classification that is mandatory when creating Accounting Classification names is Type of Participation (Treaty Business only). Type of Participation will be part of the Accounting Classification name even if sequence number is 0.
No other classification types are mandatory, but Main Class of Business and Class of Business are defaulted as Accounting Classification name (all sequence numbers are 999).

Field Description - Enter Classification Rules 2 #

Field	Description
Type of Business	The Type(s) of Business that can define the specific classification types. Values: * None * Proportional Direct * Non-Proportional Direct * Proportional Facultative * Non-Proportional Facultative * Proportional Treaty * Non-Proportional Treaty Default: None - no specific type of business defined Validations: One value allowed
Reporting Unit Category	The reporting unit category that can define the specific classification types. Values: * None * If the legal reporting unit category is set up, then it can be always selectable. * If the Extend Classification Set up per Reporting Unit facility is in use, then mandatory reporting unit category can be available for selection. * If the above facilities are both in use, then legal reporting unit category and mandatory reporting unit category can both be available for selection. if these categories are the same, it will show up only once. Default: None - no specific reporting unit category defined Validations: One value allowed
Reporting Unit	The reporting unit that can define the specific classification types. Values: A drop-down list corresponding to the defined reporting unit category. Default: Default Setting - no specific reporting unit defined Validations: One value allowed
Main Class of Business (P&C/ GR) / Reinsurance Premium Method (Life)	Selected: Select a Main Class of Business/ Reinsurance Premium Method from the drop-down list and you can see which Coverage Classification Types are mandatory for this particular Main Class of Business/ Reinsurance Premium Method. Note! If an individual Main Class of Business does NOT have its own setting, SICS shows the following text next to the drop-down list: “Specific values not defined”. In this case the settings for the Main Class of Business <None> is used for the given Main Class of Business. Cleared: Field cannot be blank Values: All Main Classes of Business/ Reinsurance Premium Method defined in your system Default: <None> Relevant when: You want Business to be created with specific set of classifications and this can vary per Base Company and Main Class of Business/ Reinsurance Premium Method. Applicable for: P&C, Life
Coverage Classification Type<	Values: List of attributes that can be made mandatory for Sections and Accounting Classifications. Applicable for: P&C, Life
In Use	Selected: When the value is Yes, it means that this Coverage Classification Type is in use in SICS. If value is No, this Coverage Classification Type is not in use in SICS Values: Yes/ No. Applicable for: P&C, Life
Mandatory	Selected: Decide if value is Mandatory, Optional or Not Allowed in Business Classifications, see table earlier in this chapter for valid combinations. Values: Yes/ No Applicable for: P&C, Life
AC	Selected: Decide if value is Mandatory, Optional or Not Allowed in Accounting Classifications, see table earlier in this chapter for valid combinations. Values: Yes/ No Applicable for: P&C, Life
Sequence Number	Selected: The value decides where this Coverage Classification Type will be (the sequence) as part of the Accounting Classification Name. The smallest value means that this type is the first part of the Accounting Classification Name. Exception, the value 0 means that this type is not part of the Accounting Classification Name at all. Values: Minimum number: 0. Maximum number 999. Default: 999 Applicable for: P&C, Life

System Parameters Type - Classification Rule 3 #

These system parameters are relevant only when classifying Marine business.

Enter Classification Rules 3

Select wanted Base Company and Reporting Unit (if wanted).
Select Classification Rules 3 in System Parameter Types
Select Edit from menu
Select/ clear wanted System Parameters
Click OK

Field	Description
Voyage from Country Groups	Selected: When Marine business, Voyage from Country Groups is available when classifying the business. Cleared: Voyage from Country Groups is not available when classifying marine businesses Relevant when: When Marine business you can in addition to Area indicate between which Country Groups e.g. a ship is sailing Applicable for: P&C
Voyage to Country Groups	Selected: When Marine business, Voyage to Country Group is available when classifying the Business. Cleared: Voyage to Country Groups is not available when classifying Marine businesses Relevant when: When Marine business you can in addition to Area indicate between which Country Groups e.g. a ship is sailing Applicable for: P&C
Voyage from Countries	Selected: When Marine business, Voyage from Countries is available when classifying the business. Cleared: Voyage from Countries is not available when classifying Marine businesses Relevant when: When the Marine business you can in addition to Area indicate between which Countries e.g. a ship is sailing Applicable for: P&C
Voyage to Countries	Selected: When Marine business, Voyage from Countries is available when classifying the business. Cleared: Voyage from Countries is not available when classifying marine businesses Relevant when: When the Marine business you can in addition to Area indicate between which Countries e.g. a ship is sailing Applicable for: P&C

System Parameters Type - Classification Rules 4 #

Ensure Capture of Insurable Object for Business

Select the categories of business that should receive a warning if an insured object is missing.

Select System Parameter Maintenance
Select Base Company Settings
If wanting the warning for a specific user company, select this Base Company
If wanting the warning for a specific Reporting Unit, select this Reporting Unit
Select Classification Rule 4
Select Edit
Under Ensure Capture of Insurable Object for Business, select Edit from the pop-up menu in the Type of Business container.
Select the Type(s) of Business that should receive a warning
Select the flag ‘Warning when Insurable Object Missing’
Select OK

Field	Description
Type of Business	The Type(s) of Business that should receive a warning if an insured object is missing. Values: * Proportional Direct * Non-Proportional Direct * Proportional Facultative * Non-Proportional Facultative * Proportional Treaty * Non-Proportional Treaty Default: blank/none - no types of business will receive warning Validations: Multiple values allowed
Warning when Insurable Object Missing	Selected: The system warns the user if a link to at least one insured object for a definite contract is missing. The system also shows the insurable object “ready for input” (with lead text: Insurable Objects) on the Classification page of the contract. Cleared: The system does not warn the user even if an insured object is missing from a definite contract. Default: Cleared Validations: Selectable only if a type of business has been selected. Relevant when: To ensure that a contract has identified the specific objects covered, some companies want to remind the users to give these for certain types of business. For example, they want to remind users accepting a facultative or direct business to the record object(s), e.g. a particular building, vessel or CAR/EAR. Ensuring that a contract identifies covered objects increases the quality of the information available by easy access to object details. It also ensures that the contract is included in a possible object accumulation control. The company guidelines could vary between the sub companies (base companies) in the corporation. They could also vary somewhat from reporting unit to reporting unit within the corporation. Applicable for: P&C, Cede

Field

Description

Type of Business

The Type(s) of Business that should receive a warning if an insured object is missing.

Values:
* Proportional Direct
* Non-Proportional Direct
* Proportional Facultative
* Non-Proportional Facultative
* Proportional Treaty
* Non-Proportional Treaty

Default: blank/none - no types of business will receive warning

Validations: Multiple values allowed

Warning when Insurable Object Missing

Selected: The system warns the user if a link to at least one insured object for a definite contract is missing. The system also shows the insurable object “ready for input” (with lead text: Insurable Objects) on the Classification page of the contract.

Cleared: The system does not warn the user even if an insured object is missing from a definite contract.

Default: Cleared

Validations: Selectable only if a type of business has been selected.

Relevant when: To ensure that a contract has identified the specific objects covered, some companies want to remind the users to give these for certain types of business. For example, they want to remind users accepting a facultative or direct business to the record object(s), e.g. a particular building, vessel or CAR/EAR. Ensuring that a contract identifies covered objects increases the quality of the information available by easy access to object details. It also ensures that the contract is included in a possible object accumulation control. The company guidelines could vary between the sub companies (base companies) in the corporation. They could also vary somewhat from reporting unit to reporting unit within the corporation.

Applicable for: P&C, Cede

System Parameters Type - eMessaging #

These system parameters are only used by eMessaging.

eMessaging/EDI processing option

This parameter defines the default processing option to be used on an insured period. This option will be used in the absence of eMessaging or EDI information for the Insured period, and provides the default option when a new eMessaging or EDI information is created for an insured period.

The processing options control how a message is linked to sections and account classifications

Specific - a specific section and account classification must be linked to the message
Default - main section will be used, and one account classification marked as default will be used.
Split - no link to section or account classification is required. Bookings are made according to the account classification split.
Specific with AC Split - a specific section is required but no account classification. Bookings are made according to the account classification split.

Receiver Reference Regular Expression

A Regular Expression is used to determine how to extract as SICS business identifier and EDI section reference from the Receiver Contract Reference in the message. If the format of the Receiver Contract Reference matches the regular expression, the contract reference is split into two parts

Business identifier
EDI section reference

These sub-elements are then used to find the SICS business and the specific section to which the message is referenced.

The regular expression uses standard regular expression symbols. A tutorial on regular expressions is beyond the scope of this manual.

Apply Share to Child Section

eMessaging will normally set signed share on main section. There are occasions when a message is linked to a specific child section, that the share should be validated or set at section level. This parameter sets the default value for all new insured periods created for this base company. See also the corresponding parameter on the Insured Period eMessaging information window, described in the eMessaging Chapter in the SICS P&C User Guide.

System Parameters Type - Exchange Rate Category #

This Base Company Specific System Parameter is relevant only when Alternative Exchange Rate tables needs to used by Base Company.

This parameter can be define for both ‘Individual Base Company’ and ‘Default settings’, in which there are two drop-down field, one for Daily Rate and one for Period Rate.
In the currency conversion of the following business processes where the system can identify one Base Company, the system will check the Base Company Specific Settings for this Base Company and use the specific Day Rate/Period Rate defined. If not defined for this Base Company it will check the Default Settings and use the specific Day Rate/Period Rate defined. If not defined for Default Settings it will use the system defined Day Rate/Period rate category:
Functional Currency Calculation
Functional Currency Revaluation
Bank Currency/Amount Calculation on Remittance Worksheet
Expected Payment Calculation
Balance Grouping
Balance Pairing/Balance Pairing Group

Day Rate

In the Day Rate drop down, the user can select any value from table 202 (Exchange Rate Category) with Parent value ‘Day Rate’ in table 77.

Period Rate

In the Period Rate drop down, the user can select any value from table 202 (Exchange Rate Category) with Parent value ‘Period Rate’ in table 77.

For this ‘Exchange Rate Category’ type selected the Reporting Unit field beside the base company is disabled, i.e. it is not relevant for specific Reporting Units. In case the user has the security domain restriction Accounting Alternative Exchange Rate Tables Used By Base Company assigned, then the only user defined values in the Day Rate/Period Rate drop downs will be those Selected in this domain restriction (the system defined values are always visible).

System Parameters Type - Life and Health #

These System Parameters are relevant only when Life and Health functionality is in use.

Activate Life and Health Functions

Select Base Company.
Select Life and Health in System Parameter Types.
Select Edit from menu.
Select/clear wanted System Parameters.
If the parameters apply for certain classes of business, select Edit from the pop-up menu in the Main Class Of Business section.
Select the applicable main class(es) of business and click ‘Save’.
Select OK.

Field	Description
Main Classes of Business	Main Classes of Businesses for which the life and health functionality is enabled. If no Main Class of Business is selected, the life and health information does not apply for any classes of business for selected base company. Relevant when: For example: Early Claim, Insured Person and/or Extension Booking Record parameters are selected and you want to specify the main classes of business for which these parameters apply. Applicable for: P&C
Early Claim In Use	Selected: Individual claims within the Early Claim Period are marked as Early Claims and a warning is triggered when making bookings on such claims. Early Claim is available as search criteria in Find Claims. Cleared: Individual claims are not marked as Early Claim and Early Claim is not available as search criteria in Find Claims. Relevant when: Life and Health functionality is in use and you want to identify and mark Early Claims that are exempted from cover in order to avoid bookings. Applicable for: P&C
Early Claim Value and Period	Selected: When Early Claim Period is defined (in Months or Years), a claim’s date of loss is validated against this period to decide if it should be marked as Early Claims. Cleared: If duration of Early Claim Period is not defined, a claim’s date of loss is not validated. No Individual claims are thus marked as Early Claims. Relevant when: Life and Health functionality is in use and Early Claim is selected. Applicable for: P&C
Insured Person Date of Birth In Use	Selected: The Insured Date of Birth field is enabled on claims linked to businesses for the selected combination of Base Company and Main Class of Business, and you can search for Insured Date of Birth in Find Claims. Cleared: The Insured Date of Birth is not displayed on claims and not available as search criteria on Find Claims. Relevant when: Life and Health functionality is in use. Applicable for: P&C
Extension Booking Record	Selected: Following life and health information is enabled and can be registered on businesses for the selected combination of Base Company and Main Class of Business: * Policy ID on linked claims * Policy ID, Start Date, End Date and Disability Percentage on claim and technical worksheets belonging to the business You can search for Policy ID in Find Claims and Find Worksheets. Policy ID is displayed in Business Claims List as well as Business Partner Ledger. Cleared: Above life and health information is not enabled or displayed in the system. Relevant when: Life and Health functionality is in use, and you want to capture life and heath related information in the system. The necessity arises when bookings are handled on prime insurance level and information has to be reportable for the ceding companies. Applicable for: P&C
Allow Cancellation of Cessions and Claims	Selected: Cancel for New Cessions and Cancel for New Claims are available for agreements with a Main Class of Business allowing this. Cleared: Cancelled for New Cession and Cancelled for New Claims are NOT available. Relevant when: In some markets (e.g. life) it is often agreed to cancel agreements only for new policies. When this is the case, the existing policies normally continue until expiry. After the agreement has been cancelled for new polices, the parties may agree to recapture the policies in run off. At this date, claims with a loss date after the recapture date will not be considered. Applicable for: P&C, Cede
Automatic Renewal for Treaty Business	Selected: When creating Treaty businesses with Main Class of Business listed in Base Company Settings for Life and Health, treaties may be included in the automatic renewal facility. (The selection can alternatively be made on the Insured Period tab after the creation). Theses treaties will then be included in an auto renewal job when run by the system administrator. This job creates a new insured period for the treaties, as well as copies all their conditions to the new period. Cleared: Automatic renewal of Life and Health treaties are not possible. Relevant when: Most businesses in Life and Health are written on a continuous basis and therefore not subject to annual renewal. Number of treaties is often high and automatic renewal of these businesses will add great timesaving. Applicable for: P&C, Cede
Number of Years	Number of years entered indicates the maximum number of years the latest underwriting year of a business can be prior to current date. Example: If number of years entered is 1 and the job run is 31.12.2007, the underwriting years to be included are 2006 and later. Number of years is 0 - only current year is renewed. Number of years is “blank” - all underwriting years are included. Relevant when: Your portfolio is quite big and you want to make sure that old businesses/ businesses not renewed for a number of years not are included in the automatic renewal. Applicable for: P&C, Cede
Insured Period From	The dates entered are a pre-defined time range between which the start date of the business’ insured period should be within. Only businesses with insured period from date within this range are included in the automatic renewal. If left empty, the Insured Period from date is not considered when including businesses in the automatic renewal Relevant when: The automatic renewal job is run on a regular basis and you want to make sure that only businesses ready for renewal with in a specific time range are included in the process. Applicable for: P&C, Cede
Allow Combined Life and P&C	Selected: Contracts with the applicable base company assigned allows any main class of business. The only limitation could be by the base company ‘Restrict underwriting by class of business’ facility. Cleared: Default Contracts do not allow combination of ‘Life and Health’ main classes of business and other main classes of business. ‘Life and Health’ classes are the ones listed under the Main Classes of Business parameter described above. Only contracts with applicable base company assigned will be affected. If no ‘Life and Health’ main class of business are listed, the contracts allow any class. The only limitation could be by the base company ‘Restrict underwriting by class of business’ facility. Relevant when: A reinsurance organisation may have several base companies in different countries. These base companies may operate in different markets and underwrite different classes of business. For example, some may operate only with P&C classes and others only with ‘Life & Health’ classes and some with both. The organisation might in this case want to ensure that the base companies are writing only classes that they permit. Applicable for: P&C, Cede

System Parameters Type - Miscellaneous #

Enter Miscellaneous

Select the requrired Base Company.
Click ‘Miscellaneous ‘in the System Parameter Types list.
Select Edit from the pop-menu.
Select/clear wanted System Parameters.
Click OK.

Field	Description
Reporting Unit Category For Default Country Allocation	Selected: The system will automatically default a Reporting Unit, for the selected Reporting Unit Category, connected to the same Country (Legal Area) as the Business Partner having role as Cedent or Insured (direct business) when creating New Business. The user can manually select another Reporting Unit. Cleared: No automatic allocation of Reporting Unit and user will have to manually select from available Reporting Units. Relevant when: Profit evaluation in reinsurance is often done per the Country where the Businesses originated. One of the reports the Base Company therefore might request might be per e.g. Country of Cedent. Applicable for: P&C, Life
Financial Year Offset Periods	Selected: The entered value, representing number of months, will be added to or deducted from the As of Date on the Unearned Premium Reserve Order in some of the Calculation Methods used by the Order. Examples: If your Financial Year for 2017 starts 1. April 2017, the Financial Year Offset Periods should be set to -3 If your Financial Year for 2017 starts 1. October 2016, the Financial Year Offset Periods should be set to 3. Cleared: No offset period is applied when running the Unearned Premium Reserve Order Relevant when: If your financial year is different from the calendar year. Applicable for: P&C

Field

Description

Reporting Unit Category For Default Country Allocation

Selected: The system will automatically default a Reporting Unit, for the selected Reporting Unit Category, connected to the same Country (Legal Area) as the Business Partner having role as Cedent or Insured (direct business) when creating New Business. The user can manually select another Reporting Unit.

Cleared: No automatic allocation of Reporting Unit and user will have to manually select from available Reporting Units.

Relevant when: Profit evaluation in reinsurance is often done per the Country where the Businesses originated. One of the reports the Base Company therefore might request might be per e.g. Country of Cedent.

Applicable for: P&C, Life

Financial Year Offset Periods

Selected: The entered value, representing number of months, will be added to or deducted from the As of Date on the Unearned Premium Reserve Order in some of the Calculation Methods used by the Order.

Examples:
If your Financial Year for 2017 starts 1. April 2017, the Financial Year Offset Periods should be set to -3
If your Financial Year for 2017 starts 1. October 2016, the Financial Year Offset Periods should be set to 3.

Cleared: No offset period is applied when running the Unearned Premium Reserve Order

Relevant when: If your financial year is different from the calendar year.

Applicable for: P&C

System Parameters Type - Prop Retro Accounting #

Field	Description
Technical Account to Responsible Business Partner	Selected: The technical account is directed to the responsible business partner, which is the retrocessionaire, regardless of which business partner who has the payment task. The system chooses a template from the document type ‘Technical Account to Responsible Business Partner’. Note! The Outward Cedent’s Contract’s Main Base Company is used as base company. When the Outward Cedent’s Contract does not have a Main Base Company, but all the balances created from the current Retrocession Account order have the same Base Company, this Base Company is used as the Outward Cedent’s Contract’s Main Base Company for this function. When the Outward Cedent’s Contract does not have a Main Base Company, and the Balances included in the current Retrocession Account order have different Base Companies, the value of the Default Settings is used. Cleared: The technical account is directed to the business partner with the payment task, and the system chooses a template from document type ‘Technical Account’. Relevant when: Select this system parameter when the technical account document always shall be directed to the responsible business partner (retrocessionaire), also when the broker (intermediary) has the payment task. Applicable for: P&C, Life

Field

Description

Technical Account to Responsible Business Partner

Selected: The technical account is directed to the responsible business partner, which is the retrocessionaire, regardless of which business partner who has the payment task. The system chooses a template from the document type ‘Technical Account to Responsible Business Partner’.

Note! The Outward Cedent’s Contract’s Main Base Company is used as base company. When the Outward Cedent’s Contract does not have a Main Base Company, but all the balances created from the current Retrocession Account order have the same Base Company, this Base Company is used as the Outward Cedent’s Contract’s Main Base Company for this function. When the Outward Cedent’s Contract does not have a Main Base Company, and the Balances included in the current Retrocession Account order have different Base Companies, the value of the Default Settings is used.

Cleared: The technical account is directed to the business partner with the payment task, and the system chooses a template from document type ‘Technical Account’.

Relevant when: Select this system parameter when the technical account document always shall be directed to the responsible business partner (retrocessionaire), also when the broker (intermediary) has the payment task.

Applicable for: P&C, Life

System Parameters Type - Remittance

Here you can define per Base Company and Reporting Unit if a Base Company Bank Account should be defaulted on a remittance also when more than one Base Company Bank Account is registered for the Currency/Reporting Unit.

Enter Remittance

Select wanted Base Company and Reporting Unit (if wanted).
Select Remittance in System Parameter Types.
Select Edit from menu.
Select/ clear wanted System Parameter.
Click OK.

Field	Description
Remittance - select first Base Company Bank Account	Selected: A Base Company Bank Account is defaulted on the Remittance Worksheet also when more than one Bank Account is registered for the Currency/Reporting Unit. When more than one Bank Account is registered, the system selects one of the Bank Account for the matching Currency/Reporting Unit as default, with the possibility for the user to select any other from the list. Cleared: A Base Company Bank Account is only defaulted on the Remittance Worksheet when only one Bank Account is registered for the Currency/Reporting Unit. When more than one Bank Account is registered, a Bank Account has to be selected by the User. Relevant when: Select this system parameter when any of the Base Company Bank Accounts for the Currency/Reporting Unit can be defaulted by the system even when more than one approved bank account with this Currency/Reporting Unit exists. This might be Important for automated processes to avoid manual intervention from the User. Applicable for: P&C, Cede and Life

Field

Description

Remittance - select first Base Company Bank Account

Selected: A Base Company Bank Account is defaulted on the Remittance Worksheet also when more than one Bank Account is registered for the Currency/Reporting Unit. When more than one Bank Account is registered, the system selects one of the Bank Account for the matching Currency/Reporting Unit as default, with the possibility for the user to select any other from the list.

Cleared: A Base Company Bank Account is only defaulted on the Remittance Worksheet when only one Bank Account is registered for the Currency/Reporting Unit. When more than one Bank Account is registered, a Bank Account has to be selected by the User.

Relevant when: Select this system parameter when any of the Base Company Bank Accounts for the Currency/Reporting Unit can be defaulted by the system even when more than one approved bank account with this Currency/Reporting Unit exists. This might be Important for automated processes to avoid manual intervention from the User.

Applicable for: P&C, Cede and Life

System Parameters Type - Retrieve Business Info From External System #

The aim of this functionality is to give you access to data retrieved from an external system within the Create New Business wizard as well as from existing business. External business information such as business ID and name for the selected business can be copied over and stored in SICS.

Enter Retrieve Business Info from the External System Parameters #

Select the Base Company.

The reporting unit should be <Default Settings> since this functionality applies at base company level only. 2. Highlight Retrieve Business Info from External System field. 3. Select Edit from the menu.

If the parameter applies to certain main classes of business, select Edit from the pop-up menu in the Main Classes of Business section and make your selections.

Define whether the business external infomation should be allowed for manual input and whether it should be mandatory.
Click OK.

Field	Description
Main Classes of Business	Selected: Enables SICS to retrieve business information from an external system upon creation of a new business, copy to new business and update of an existing business. The availability of this function is by Base Company and Main Class of Business, and it only relates to the levels of business Assumed Business and Retrocessionaire Participation. All Main Classes of Business defined in the system are available for selection. Cleared: If no Main Class of Business is selected, the external business information does not apply for any classes of business for selected base company. Relevant when: You want to make this functionality available for a specific Base Company and Main Class of Business combination. Applicable for: P&C
Is Business External Info Allowed For Manual Input	Selected: The system will allow manual setting of relevant values by the user. Cleared: The values can only be retrieved by the system automatically. Applicable for: P&C
Is Business External Info Mandator	Selected: Business External Info is mandatory during the creation of Assumed Business and Retrocessionaire Participation. Cleared: Business External Info is optional during the creation of Assumed Business and Retrocessionaire Participation. Applicable for: P&C

System Parameters Type - Retrocession Basis #

These system parameters are SICS Life specific and used in retrocession processing.

‘Enter Retrocession Basis’

Select wanted Base Company and Reporting Unit (if wanted).
Select Retrocession Basis in System Parameter Types.
Select Edit from menu.
Select/ clear wanted System Parameters.
Click OK.

Field	Description
Net Sum At Risk Retained	Selected: Suggested setting Cleared: System uses Net Sum Retained basis, which is very client specific Relevant when: System processing retrocession where accumulation tool gives different result based on this setting Applicable for: Life
Net Sum Retained	Selected: Do not use (very client specific). Cleared: System uses basis Net Sum at Risk Retained Relevant when: System processing retrocession where accumulation tool gives different result based on this setting. According to DXC this basis is wrong. Applicable for: Life
Sum at Risk/Standalone Individual Retrocessions Only	Selected: Amendments on Individual Inward Cessions can be processed without retrocessions. Retrocessions will be processed through the Retrocession Procession Order based on one of the options selected under the setion MEthod of Retrocession/ Reinsurance. Cleared: System uses basis Net Sum at Risk Retained and retrocessions will need to be completed before any amendments on the cession benefit can be performed Relevant when: SICS is used for ceded reinsurance or when the retrocession basis does not necessarily always follow the linked sequential retrocession method Applicable for: Life
Retro Assignment Based On Reinsurance Premium Method	Selected: System allocates Retro checking whether the OCC’s attached to the Protection Program have a matching Reinsurance Premium Method Cleared: System allocates Retro irrespective of whether the OCC’s attached to the Protection Program have a matching Reinsurance Premium Method Relevant when: Processing Individual Retrocession Applicable for: Life
Include Only Matching Base Company in Accumulation Control	Selected: System will only include the existing cessions (per life/per benefit) which have been accepted by the Base Company being the Reinsurer on the Assumed Business to which the cession “to be retroceded” is linked. Cleared: System will include all the existing cessions on the system (per life/per benefit) irrespectively of the Base Company. Relevant when: Processing Individual Retrocession Applicable for: Life
Method of Retrocession is Reinsured Proportionally in Excess of Maximum Retention	Selected: The system will accumulate the existing active cessions (per life/per benefit) as on the date of the retrocession processing order and apply the retrocession ratio to all the cessions and proportionally retrocede the sum at risk in excess of the maximum retention create standalone retrocessions based on either the reinsurance start date or the Effective Date of the retrocession processing order (depending on the calculation frequency defined on the PM condition of the OCC) Applicable for: Life
Method of Retrocession is Reinsured Proportionally in Excess of Maximum Retention Per Life/ Per MCoB	Selected: The system will accumulate the existing active cessions (per life/per Main Class of Benefit) as on the date of the retrocession processing order and apply the retrocession ratio to all the cessions and proportionally retrocede the sum at risk in excess of the maximum retention create standalone retrocessions based on either the reinsurance start date or the Effective Date of the retrocession processing order (depending on the calculation frequency defined on the PM condition of the OCC)Relevant when: The parameter ‘Use Additional Classification as Main Class of Business’ is selected as part of the Business Classifications Applicable for:_ Life
Method of Retrocession is Reinsured Sequentially in Excess of Maximum Retention	Selected: The system will accumulate the existing active cessions (per life/per benefit) as on the date of the retrocession processing order and create standalone retrocessions sequentially based on the reinsurance start date Applicable for: Life
Include policy number in sequencing	Selected: This option becomes available only when the method of reinsurance is Method of Retrocession is Reinsured Sequentially. When this option is selected, it will be possible to include more than one Protection Program in the Retrocession Processing Order and the accumulated cessions that are picked up by the order will be sequenced first by reinsurance start date, then by policy number on numeric then alpabetical order and retroceded in the sequence of policy numbers through one or more PPs in the retrocession processing order Cleared: Only one PP can be included in the RPO. Sequencing will be done onky based on the reinsurance start date and policy number will be informational Applicable for: Life
Sequencing based on Original Transaction Date	Selected: This option becomes available only when the method of reinsurance is Method of Retrocession is Reinsured Sequentially. When this option is selected, the accumulated cessions that are picked up by the order will be sequenced first by the value in the field ‘Original Transaction Date’ that becomes available on the cession benefit transactions and then by policy number (if the system paramter ‘Include policy number in sequencing is selected) and then the base benefits are retroceded first followed by the riders Cleared: O. Sequencing will be done only based on the reinsurance start date and the field Original Transaction Date will not be available on the cession benefit transactions Applicable for: Life
Copy Policy Number and Cedent Cession Id from protected Inwards Business	Selected: The policy number and the cedent cession number from the inward cession will be copied to the standalone individual retrocession Cleared: The values for policy number and cedent cession id will not be copied to the standalone individual retrocession Applicable for: Life

System Parameters Type - Section Hierarchy Definition #

Section hierarchy definitions can only be defined as Default Settings- not per Base Company or Reporting Unit. This means that all Base Companies within the same group will have the same Section Hierarchy Definition.

Enter Section Hierarchy Definition

Select Section Hierarchy in System Parameter Types for <Default Settings>
Select Edit from menu
Select/ clear system parameter Default to Section also when one Classification
Select Main Class of Business
Enter Hierarchy Sequence number
Click OK

Field	Description
Default to Section also when one classification (except for Geographical Scope)	Selected: When clicking the Create Section Hierarchy in the Create New Business wizard or when selecting to create child sections from the Structure tab of a business, the system will default that a section should be created even if only one Main Class of Business is selected. Cleared: You must manually enter how the section hierarchy should be created Relevant when: Different companies and even different departments within a company may have different rules for how a section hierarchy should be set up. This feature will ensure that different users follow company guidelines in this respect. Applicable for: P&C, Life
Main Class of Business_	Selected: Select a Main Class of Business and you can see the how the section hierarchy for the selected Main Class of Business is defined. Cleared: Field cannot be blank Values: All Main Classes of Business defined in your system Default: <None> Relevant when: Your company wants section hierarchies to be created according to the same standard per Main Class of Business throughout the system. Applicable for: P&C
Classification Type	Values: All available classification types in the system Applicable for: P&C, Life
*‘Category’*	Values: Further classification of the classification type e.g. coverage, method Applicable for: P&C, Life
Hierarchy Sequence number	Values: Minimum number: 1 Default: Blank (data type is ignored when building section hierarchy) Relevant when: You should enter the smallest number for the Classification Type you want as the highest level in the section hierarchy. Applicable for: P&C, Life

System Parameters Type - Technical/Claim Worksheet #

For the technical/claim worksheet system parameter type you can define up to five rolling totals per base company. The rolling totals are based on entry code groups within the entry code group category rolling totals on the technical worksheet.

To enter the technical worksheet parameters:

Select the required base company.
Select the Technical/Claim Worksheet option in the System Parameter Types list.
Select Edit from the pop-up menu.
Select or clear the system parameters applicable for your base company.
Click OK.

Field	Description
Rolling Totals	Selected: To be able to select a Rolling Total (1 - 5), an Entry Code Group must be created under the Entry Code Group Category Rolling Totals on Technical Worksheet s. When creating bookings on a Technical Worksheet with Entry Codes included in the Entry Code Group selected here, the R_olling Total_ will be shown within the Detailed Technical Worksheet. Note that it is the Base Company on the last Insured Period on the business that decides which rolling total settings to be used. Cleared: The Rolling Total will not be shown on the Technical Worksheet. If all are cleared no Rolling Totals will appear on the Technical Worksheet for this Base Company. Relevant when: You can easily see how much e.g. Premium is booked on a Technical Worksheet among other bookings like Premiums, Deductions, Claims etc. Applicable for: P&C, Life
Balance Split Options per: Insured Period	Selected: When booking on businesses with Types of Business with this parameter selected, balances will per default be created per Insured Period. For each Type of Business you want a default balance split per Insured Period you must first select the Type of Business. The result of this is only that the same Balance Split Option on Technical Worksheet is selected as default but can be changed by the user before the worksheet is closed. Cleared: For Types of Businesses with this parameter not selected, balances will not be split per Insured Period. Relevant when: The purpose of splitting balances can be to make sure that balances appear on the Business Partner Ledger in the same level as presented by Cedent or Broker. Applicable for: P&C, Life
Balance Split Options per: Section	Selected: When booking on businesses with Types of Business with this parameter selected, balances will per default be created per Section. For each Type of Business you want a default balance split per Section you must first select the Type of Business. The result of this is only that the same Balance Split Option on Technical Worksheet is selected as default but can be changed by the user before the worksheet is closed. Cleared: For Types of Businesses with this parameter not selected, balances will not be split per Section. Relevant when: The purpose of splitting balances can be to make sure that balances appear on the Business Partner Ledger in the same level as presented by Cedent or Broker. Applicable for: P&C, Life
Balance Split Options per: Accounting Classification	Selected: When booking on businesses with Types of Business with this parameter selected, balances will per default be created per Accounting Classification. For each Type of Business you want a default balance split per Accounting Classification you must first select the Type of Business. The result of this is only that the same Balance Split Option on Technical Worksheet is selected as default but can be changed by the user before the worksheet is closed. Cleared: For Types of Businesses with this parameter not selected, balances will not be split per Accounting Classification. Relevant when: The purpose of splitting balances can be to make sure that balances appear on the Business Partner Ledger in the same level as presented by Cedent or Broker. Applicable for: P&C, Life

Entry Cods Restrictions For Technical WS #

Field	Description
Restriction Active For Technical WS	Selected: The technical worksheet will default different entry code list for inward and outward business. The Entry Code Groups that can be made available in the For inward business/For outward business drop down field must be defined in the Entry Code Group Category Entry Code System Restriction. For inward business: select the Entry Codes Group for the technical worksheet of inward business For outward business: select the Entry Codes Group for the technical worksheet of outward business Applicable for: P&C, Cede

Field

Description

Restriction Active For Technical WS

Selected: The technical worksheet will default different entry code list for inward and outward business. The Entry Code Groups that can be made available in the For inward business/For outward business drop down field must be defined in the Entry Code Group Category Entry Code System Restriction.

For inward business: select the Entry Codes Group for the technical worksheet of inward business

For outward business: select the Entry Codes Group for the technical worksheet of outward business

Applicable for: P&C, Cede

Claim Worksheet #

Field	Description
Set Due Date/As of Date to current date for Claim WS	Selected: The Due date and as of date on manually created claim worksheets will default to the current day, with the possibility to override, regardless of the recorded accounting schedule. The Due Date on from ground up worksheets will be set to current date, whereas the as-of date will be set to the date defined on the advisory, regardless of the accounting schedule. The Due date can be overridden. Cleared: The as-of date on manually created claim worksheets will default as per the accounting year and period, as per the recorded Accounting Schedule, and the due date will default as per the accounting schedule (also considering periods defined for Production, Submission, Payment). Both dates can be overridden on the worksheet. If you have activated the global Claim Accounting Parameter “Accounting Information based on As of Date”, the Accounting Schedule is always ignored, regardless of the setting of the Base Company parameters. Relevant when: The recorded Accounting Schedule shall not impact Claim Worksheets. Applicable for: P&C
Due Date not defaulted on Claim Worksheet	Selected: The claim worksheet will not default due date. Exception: The system defaults the due date to current date for all balance groupings which only contain non-liquid details and for which the due date has not been defined. Cleared: The due date on claim worksheet is defaulted either as per accounts, or to current date. Relevant when: You want to ensure that Accountant enters the correct “due date” rather than the defaulted one. Applicable for: P&C, Cede
Due Date calculated from Received Date + Number of Days	Selected: Option to calculate the due date for liquid balances on claim worksheets according to formula: Due Date = Received Date at Claim Worksheet + Number of Days entered at current Base Company level (if defined) or at default level. Note! Parameter is only enabled when Due Data not defaulted on Claim Worksheet is activated Cleared: The due date on claim worksheet is defaulted either as per accounts or to current date, or if parameter Due Data not defaulted on Claim Worksheet is activated, no due date is defaulted Relevant when: You want to ensure that correct Due Dates are calculated according to the origin of the Base Company. Applicable for: P&C, Cede

Entry Cods Restrictions For Claim WS #

Field	Description
Restriction Active For Claim WS	Selected: The claim worksheet will default different entry code list for inward and outward business. The Entry Code Groups that can be made available in the For inward business/For outward business drop down field must be defined in the Entry Code Group Category Entry Code System Restriction. For inward business: select the Entry Codes Group for the claim worksheet of inward business For outward business: select the Entry Codes Group for the claim worksheet of outward business Applicable for: P&C, Cede

Field

Description

Restriction Active For Claim WS

Selected: The claim worksheet will default different entry code list for inward and outward business. The Entry Code Groups that can be made available in the For inward business/For outward business drop down field must be defined in the Entry Code Group Category Entry Code System Restriction.

For inward business: select the Entry Codes Group for the claim worksheet of inward business

For outward business: select the Entry Codes Group for the claim worksheet of outward business

Applicable for: P&C, Cede

Technical / Claim Worksheet #

Field	Description
Is Received Internal Date On Worksheet In Use	Selected: The technical and claim worksheets have two document received dates labelled ‘Received External’ and ‘Received Internal’ respectively. Cleared: The technical and claim worksheets have one document received date labelled ‘Received’. Relevant when: When you want to differentiate between the dates the technical or claim account was received in the company, and when it was received at the technical account department. Applicable for: P&C, Life

Field

Description

Is Received Internal Date On Worksheet In Use

Selected: The technical and claim worksheets have two document received dates labelled ‘Received External’ and ‘Received Internal’ respectively.

Cleared: The technical and claim worksheets have one document received date labelled ‘Received’.

Relevant when: When you want to differentiate between the dates the technical or claim account was received in the company, and when it was received at the technical account department.

Applicable for: P&C, Life

Technical Worksheet With Summary Account #

Field	Description
Use Additional Classification as VAT	Selected: This system parameter should be selected ONLY when the system parameter ‘Enable Summary Accounts on Technical Worksheet’ is selected. Selecting this option will present you with the list of Additional Classifications from the Reference Data that can be assigned as VAT classification. On the Actual Accounts tab, depending on the Accounitng Classification of the VAT section, a new column ‘Tax Type by AC’ will be available where the desription of the Tax Type based on the Accoutning classification of the booking having the VAT classification will be displayed. eg: When the booking has an accounting classification that uses ‘FVAT’, the Tax Type will be displayed as ‘Free VAT’. You will also be able to select the Additional Classification that will be validated as part of the Discrepancey Cleared: No Additional Classification for VAT specific entires will be applicable. Relevant when: When your sub SOA file has bookings with the Accounting Classification pertaining to the Additional Classification selected for discrepancy validation, the bookings will be validated and listed as errors during the Sub SOA upload based on the rule defined in the Entry Code Groups - Summary Account Entries . Applicable for: Life

Field

Description

Use Additional Classification as VAT

Selected: This system parameter should be selected ONLY when the system parameter ‘Enable Summary Accounts on Technical Worksheet’ is selected. Selecting this option will present you with the list of Additional Classifications from the Reference Data that can be assigned as VAT classification. On the Actual Accounts tab, depending on the Accounitng Classification of the VAT section, a new column ‘Tax Type by AC’ will be available where the desription of the Tax Type based on the Accoutning classification of the booking having the VAT classification will be displayed. eg: When the booking has an accounting classification that uses ‘FVAT’, the Tax Type will be displayed as ‘Free VAT’. You will also be able to select the Additional Classification that will be validated as part of the Discrepancey

Cleared: No Additional Classification for VAT specific entires will be applicable.

Relevant when: When your sub SOA file has bookings with the Accounting Classification pertaining to the Additional Classification selected for discrepancy validation, the bookings will be validated and listed as errors during the Sub SOA upload based on the rule defined in the Entry Code Groups - Summary Account Entries .

Applicable for: Life

System Parameters Type - URL Addresses on Business #

The URL Addresses on Business system parameter controls the availability of URL links on businesses in SICS. The URL links are shown on assumed businesses or a retrocessionaire participations and the base company and main class of business combination has been set and URLs have been entered in this system parameter type.

To enter URL addresses on a business: #

Select a base company from the drop-down list.

The reporting unit should be set to <Default Settings> since this functionality applies at base company level only.

Select the ‘URL Addresses on Business ‘system parameter type.
Click in the display list and select ‘Add ‘from the pop-up menu. You see the Create Business URL Address window.
Select the main class of business from the drop-down list.
Enter the URLs in the Business URLs Names field.
Enter a definition of the URL addresses in the Business URLs field.

Field Description - Create URL Addresses on Business #

Field	Description
Main Class of Business	Selected: All main classes of businesses defined in the system are available for selection. If selected, the system will enable a new URL for levels of business ‘Assumed Business’ and ‘Retrocessionaire Participation’ only, within that main class of business. <None> means available to all main classes of businesses of the base company. Relevant when: You want to enable this functionality for a specific base aompany and main class of business combination. Applicable for: P&C
Business URLs Names	Selected: When URLs are required for a certain base company/main class of business combination. Cleared: The URL links are labelled URL 1, URL 2 and URL 3 respectively. Relevant when: You want to customise the labels of the URL links. This is for display purposes only. Applicable for: P&C
Business URLs	Selected: When a URL is required for a certain base company/main class of business combination. This is the actual location/address which will open the respective web page through the user’s default browser. (http://…….) Relevant when: A URL is required for a certain base company/main class of business combination. Applicable for: P&C

URL Addresses on Claim

The URL Addresses on Claim system parameter controls the availability of URL links on claims in SICS. The URL links are displayed on the claim properties.

To define URL addresses for Claims: #

Select a base company from the drop-down list. The reporting unit should be set to <Default Settings> since this functionality applies at base company level only.
Select the’ URL Addresses on Claim’ system parameter type.
Click in the display list and select ‘Add’ from the pop-up menu. You see the Create Claim URL Address window.
Select a main class of business from the drop-down list.
Specify the requested URL labels in the Claim URLs Names field.
Enter a definition of the URL addresses in the Claim URLs field.

Field Description - Create URL Addresses on Claim #

Field	Description
Main Class of Business	Selected: The system will enable a new URL for the specified basec ompany and main class of business combination. <None> means that the URL definition is relevant for all main classes of businesses for the specified base company. Relevant when: You want to generate different URL links per Main Class of Business. Applicable for: P&C
Claim URLs Names	Selected: The URL labels on the claims and in system parameters appear with the names defined. Cleared: The URL links appears with the system generated labels URL 1, URL 2 and URL 3 respectively. Relevant when: You want to customize the labels of the URL links. Applicable for: P&C
Claim URLs	Selected: This is the actual location/address which will open the respective web page through the default browser. (http://…….). Relevant when: A URL is required for a certain base company/main class of business combination. Applicable for: P&C