Before a quote can become an agreement, SICS controls that all the necessary conditions have been entered. This validation can be turned on or off in System Parameter Maintenance. (To do so, click the Business tab of the System Parameter Maintenance window, and select the Definite Statuses Require All Business Conditions box to turn the validation on, or clear to turn it off.) The validation does not affect user-defined conditions. If the box is not selected, only Share conditions are considered in the validation.
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SICS makes it easy for you to structure businesses by letting you add on to and edit information as you go along. You may, for example, want to:
Edit the business classifications that you registered when the business was first created. Assign business partners to a business. Change insured periods, to name a few things. Handle Partner Roles # You can handle partner roles in SICS by assigning business partners, adding and editing business partners, and adding contacts to partners.
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The system handles recovery calculations according conditions on the Outward Cedent’s Contract. Conditions on sub sections of the OCC are also considered. Calculation rules are outlined under each condition.
For OCC’s being part of a Protection Program, it is a requirement that OCC’s linked to the same Protection Program Section have the same values for:
Limit Condition: Main Currency Claim Condition: Claim Basis and Calculation Rule for Original Assumed Expenses Below is a list of important fields and the implication on the recovery calculation.
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After having performed a search amongst the existing claims in the system, you might decide that you have to create a new claim record. Note that claims cannot be created on Pending or Declined Business. They must always be linked to a business that is either Informational or Definite. There are three different types of claims in SICS:
Individual Interlocking Various Claims can be created in numerous ways in SICS - either by creating an entirely new claim “from scratch” or by using an existing claim as a template, and copy this to another business or another section.
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Record a New MGU Business # Click on the Business icon on the Business folder on the desktop. You see the Find: Business window Click Create New button. On the Create New Business window the checkbox MGU is shown and is selected by default when Level Business is MGU and Type of Business is either non-proportional direct proportional direct non-proportional facultative proportional facultative Enter relevant information and press Next Assign Business Partners to a MGU Business # Mandatory Business Partners for a direct MGU Business are:
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SICS allow users to customize the desktop.
Custom Desktop can be activated by selecting menu item Use Custom Desktop from the File menu.
Custom Desktop will initially display an empty space. You will set up the desktop by using the Custom Desktop configuration utility.
To configure the Custom Desktop from the initial empty state, click the button Configure at the bottom of the window.
The Custom Desktop configuration screen is divided in two parts, with available layouts and desktop widgets on the left side, and a large blank area for previewing the Custom Desktop on the right side.
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To ease registration of large numbers of facultative protections that covers the same scope, it can be beneficial to group these into a contract. These contracts then contain the list of the facultative reinsurers as well as conditions common to all reinsurers.
These facultative reinsurances can protect one inward business or several businesses covering the same risk. All the facultative reinsurances belonging to the relevant contract (fac participants) can then be assigned in one go to each of the protected businesses.
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SICS Search supports drill down on category types and their sub-categories.
By clicking on a category/sub-category, SICS Search will filter the search result to only showing objects in conjunction with the selected categories.
As shown in the example below, we first search for: uk, before drilling down the result from Business, Assumed Business to Non-Prop Treaty.
Filter: Business
Filter: Business and Assumed Business
Filter: Business, Assumed Business and Non-Prop Treaty
| Worksheet icon | You can search for Technical, Remittance, and Claim worksheets in addition to Unallocated Remittance Balance, Account and Settlement Balances on the SICS desktop. |
This opens the Find: Accounting Worksheet window.
The window is divided into four tabs: Properties, Special, Advanced, and Options. You input your main search criteria on the Properties tab.
Type: Use the drop-down list to select the type of worksheet you are looking for.
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| EDI Batch icon | Click the EDI Batch icon on the SICS desktop to see the Find: EDI Batch window. |
This is where you can input the criteria to search for a batch. The Properties tab includes Batch Number, Batch Type, Archived From and To Dates and Bureau, while you can check from a list of available statuses on the Status tab.
Batch Number: Type in the batch number for the batch you are looking for.
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