If you have divided the work within your Claims Department into smaller groups or segments you can assign the Claim to a Reporting Unit. The claim will obviously always be linked to the Business' Reporting Unit, irrespective of what has been recorded on the claim. Add/Edit Reporting Unit from Claim # Open Claim Links tab - Reporting Units sub-tab. Select Add/Edit from the pop-up menu. The system opens the Maintain Reporting Unit for Claim window. ...
Some markets require a security in form of for example a Letter of Credit, Outstanding Cash Advance, or Loss Reserve Deposits for all outstanding claims. The provision itself is recorded on the Business' Deposit Condition (DP) on sub-tab Loss. It may also be of interest to capture the amounts required per loss on the claim itself, and SICS allows you to maintain this information in the Funding Properties section found on the sub-tab Claim Figures. ...
Claim documents can be used to provide loss information to internal and external interested parties. The documents that can be produced from within claims are as follows: Claim Advice The claim advice document is a document that is created per claim to section link. The document typically contains information about the claim, and its' bookings. The Claim Advice can also be used to create a loss advice to your proportional facultative retrocessionaires. ...
Sometimes there is a need to check the business whilst reviewing a claim. The Business Information tab of the claim presents some information from the Business, and all the partners as they are recorded on the business. No information can be entered on the claim. From this window you can also access the Business itself, thus allowing further inspection of relevant conditions. Field description 24. - Business Information Field Description Location Business ID The unique SICS generated business identifier. ...
Some claims are subject to special conditions that are not general for the business. This might be the situation if there are special deductibles for specific claims, or the claim is indexed (and you for some reason do not want to use the automatic calculation facility), or the cedent/insured agrees to retain more of a specific loss (your share decrease). SICS allows you to record these special conditions for Limit and/or Share for Non-Proportional Assumed Claims, and will if recorded apply these conditions in the From Ground Up calculations and worksheet validations rather than the Business Conditions. ...
When you have created a claim in error, and no bookingshave yet been made, you have the possibility to delete the claim from the database. You can delete claims from the Business Claim List or from the Claim Program Claim List. Delete Claims from Business Claim List # Open the business from which you want to delete a claim. Click the Claim button on the Navigation bar. In the Claim Lists display list, select the claim you want to delete. ...
When you have created a claim in error, but deleting is no longer allowed because bookings exist, you can use the Inactivate functionality instead. This will prevent further bookings on this claim, and also “remove” the claim from all claims lists, as they will by default only display active claims. Open the claim you want to inactivate. Click the Properties tab. Click the Edit button in the Heading Information section. ...
When you have inactivated a claim in error, you can easily reactivate this, and thus enable further bookings to be made. Find and open the inactivated claim you want to reactivate. Open the Properties tab and click the Edit button in the Heading Information section. You see the Edit Claim Heading Information window. Select the Active check box and click OK.
When you are working with a claim it may be of interest to look at other claims linked to the business, the cedent, the insured, the Claim Program, a Headline Loss, or a Claim Group. If your claim is linked to the same, there are navigation possibilities. The following claims lists can be accessed directly from the Claim, Business, Partner, Headline Loss, Claim Program or Claim Group. View Claims on Business # To open the business claim list directly from a claim: ...
If the business is affected by many minor claims and you do not want to create separate individual claims for all, you can create a Various claim. The Various claim differ from the individual claims to a certain extent, and these differences will be described in the following. The Various claim is available for all types of business, similar to the Individual claim. Create and Edit Various Claim # The Create Various Claim wizard differs from the Individual Claim wizard as follows: ...