There are several ways to create a new process in SICS:
Pre-programmed logic in SICS workstation Web services Manually The two first possibilities are described in the System Administration Guide / Set Up Task Management.
Process Owner # A process has a list of Potential Owners defined at the process level in the template the process was created from.
When a process is about to be activated (set to In Progress status, which happens immediately when a process is created), there will be an attempt to assign a process owner.
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Manual booking with regard to Multi GAAP is different from ordinary manual bookings because it has to take care of the different GAAP’s.
How a booking is done depends on the figure to be booked. If the entry code and the amount are the same for all GAAP’s (which should be the case for all liquid bookings) only one booking line in the technical worksheet is needed:
The booking period can be adjusted according to the GAAP.
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Record New Business # Registering a business for the first time is easy in SICS because the Create New Business wizards take you step by step through the necessary windows. The first window that you see is always the same. It is here you select the level of business, type of business, and life cycle status of the business. The second window that you see next depends on the level of business and the life cycle status that you selected.
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Treaties offered from the same cedent often cover the same underlying portfolio and have some common factors. To efficiently handle these treaties and to get a good overview of these assumed businesses, SICS lets you register information common to these in a new reinsurance program.
In this way, you can work with conditions and classifications common to participating Assumed Business on the Reinsurance Program. The Reinsurance Program and the belonging Assumed Businesses must have the same cedent and reinsurer (Base Company).
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In addition to being an overview of all protections previously purchased for a base company, the Protection Program is also a tool for planning your protection needs at a high level. When you create a protection program for a base company, you start with registering all classifications on a top level, and de_pending_ on the planned structure, you can split the program into _sections_ down to the level where you want to make outward _cedent_ s' contracts.
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Accounting Folder # When you click the Accounting folder you see icons that take you to worksheets and ledgers for accounting. The Business Partner Ledger icon lets you search for business partners and the ledger opens automatically when you select a business partner. The Worksheet icon takes you to the Find: Worksheet window where you can search for and create different types of worksheets. And the Order icon takes you to the Find: Order window where you can search for and create accounting orders for automatic accounting.
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When you open Condition windows for the first time, you are automatically in Edit mode. After you have entered data in a Condition window and open it again later, you are automatically in View mode. In that case, you must click the Edit button to switch from View to Edit mode.
| Remember to click the Edit button if you want to change from View to Edit mode |
You can open as many conditions as you want in View mode, but you can only edit one at a time |
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As an underwriter you have some existing agreement that soon expires, and you need to look at them to evaluate what decisions you should take upon renewal. You need to have them all listed, and you need to have the possibility to see the most important and relevant information in a review.
List Expiring Businesses # The pre-renewal list enables you to find and list all businesses that expire within a period, from a specific date or before a specific date.
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In situations where you want to update a business partner or check if the partner exist you use the search functionality within SICS.
Search for Business Partner by Name # Double-click the Business Partner icon in the Partner folder on the SICS desktop. You see the Find Business Partner window. On the Name tab, enter a name, or part of the name. Click the Find Now button. You see the search results in the display list.
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When you receive a claim advice, the first thing you do usually is check if the claim is already registered in SICS or if you must create a new claim. If you are not sure of which business the claim affects, you can use the Find Claims feature.
The Find Claim feature allows you to search for existing claims in the system by using numerous extract criteria. The search criteria and result columns that are available in the Find Claims window partially depends on your access rights.
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