Annuity Information on Claims
When a claim is subject to Annuity Calculation it is important that the methodology applied do not deviate from the reinsurance contract’s conditions. The methodology applied by the cedents should therefore be verified by the Claims handler. The Claim properties of all assumed claims have an option to register whether any Annuity Calculation is in line with the contractual conditions or not.
To register Annuity Information on a claim:
- Open Claim for which you want to register Annuity information
- Open Properties - subtab Annuity
- Press the edit button
- Record Annuity Calculation information, and add a comment if required, and press OK
The Updated information is generated if Annuity Calculation field was updated.
To edit Annuity Information on a claim:
- Open Claim Properties for which you want to modify existing Annuity information
- Open subtab Annuity
- Press the edit button
- Modify the Annuity Calculation, and/or modify the comment.
The Updated information is updated if Annuity Calculation field was changed.
| Field | Description |
|---|---|
| Annuity Calculation | Indicator whether the calculation methodology applied in the calculation is in line with the reinsurance contract’s conditions. Values: Calculation in line with contractual conditions, Calculation not in line with contractual conditions, None Mandatory: No Functional impact: Claim Worksheet closing |
| Comment: | Free text input 300 characters Mandatory: No |
| Updated By: | User who last changed the Annuity Calculation field - output field only |
| Updated On: | Timestamp of latest change of Annuity Calculation field - output field only |