The Claim Group provides you with a list of all the claims linked to the Group and the proportion of the bookings in the original booking currency. Open the Claim Group from the SICS desktop. Find the Claim Group you want to view. Select Properties from the pop-up menu. The linked claims with bookings are displayed.
To include a claim in a Claim Group, you must create a link between the Claim and the Claim Group. This link is created from the Claim itself, or from the Claim Group Claim List. Link Claim to Claim Group from Claim Group # Open the Claim Group from the SICS desktop Find the Claim Group you want to link a claim to and select Properties from the pop-up menu. ...
If you created a link between the Claim Group and a claim in error, SICS allows you to easily remove this link. Delete Link between Claim and Claim Group from Claim # Find the Claim for which you want to remove a Claim Group Link. Open the Claim Properties. Open the Claim Links, sub-tab Claim Groups. Select Edit from the pop-up menu Select the Claim Group link you want to delete. ...
The Headline Loss is a grouping of individual claims for accumulation and recovery purposes. The Headline Loss can be created without a link to any Business and hence be purely informational.
When you want to link a claim to a Headline Loss, or when you want to register a new Headline Loss, the first step would normally be to search amongst the existing Headlines. SICS allows you to use numerous extract criteria, to facilitate this search. Some possible searches are described below. Search for Headline Loss by Identifiers, Name and Dates # Open the Find Headline Loss window from the SICS desktop. ...
If you create the Headline Loss in error, or if you determine that the Headline Loss is no longer required, there is a possibility to delete the Headline Loss provided you have not included the Headline in a Recovery Calculation. Refer to Recovery calculations for further details. When you delete the Headline Loss, you only delete the Headline and the links to this Headline on all the linked assumed claims. The assumed claims will naturally remain. ...
If you cannot delete the Headline loss because it has been included in a recovery calculation, you can select to inactivate the Headline. Note! Inactivating a Headline Loss will have no impact on the linked claims. Open Headline Loss from the SICS desktop. Open the Headline Loss you want to inactivate. Click the Edit button in the Heading Information section. Clear the Active check box. Click OK. Field description 50. ...
When the headline loss has been created, you can register additional loss information such as location, risk zone indicator, classification items, and headline loss references. Edit Headline Loss Location and/or Risk Zone # The Headline Loss location is optional information, but when recorded all linked claims will be validated against this. The Area of Jurisdiction and Risk Zone are purely informational. In Find Headline Loss, retrieve the Headline Loss for which you want to record or edit a location. ...
As for claims, you can easily indicate that any bookings linked to this Headline will require an additional security level. This means that the user who creates the worksheet cannot close it, unless appropriate security is allocated. Set Security Requirements # In Find Headline Loss, retrieve the Headline Loss for which you want to require additional security. Open the Headline Loss. Click the Edit button in the Heading Information section. ...
As for claims there are various methods to record additional Headline Loss Information. Which one to select depends on the length or size of the information, the type of information and also whether you want to be able to report the information. Record Short Description # The Short Description allows you to note a few comments of the Headline Loss, and the available space is limited (1000 characters). In Find Headline Loss, retrieve the Headline Loss for which you want to record a short description. ...