Group Business

SICS lets you create different types of groups. These groups are created from different business windows and include:

• Merger Group
• Business Group
• Master Treaty Group,
• Bouquet Calculation Group,
• Offer Group
• Bifurcation Group

Find Business Group #

The Find: Business Groupswindows let you search for already created groups, access the businesses in the groups, and create new groups.

Business Groups icon | When you click the Business Groups icon in the Business folder on the SICS desktop, you see the Find: Business Groups window, where you can search for business groups. The Find: Business Group window lets you see the businesses that make up the groups, and you can open a business to see its properties.

You can change the size of the fields to view long names. To do so, move the mouse pointer to the line to the right of the field on the title bar. When you see the double arrow, click and drag to the right (to increase) or to the left (to decrease). |

Type: Select the type of group that you want to search for from the Type drop-down list. Your options are: Bifurcation Group, Bouquet Calculation Group, Business Group, Master Treaty Group, Merger Group,Offer Group, and None. When you select None, you are not specifying any particular type of group, and your search results will cover all types of groups.

Name: If you know the name of the group, you can type that in the Name field. You can use wildcards to help you in your search.

• means “any sequence of characters”

? means “any single character”

Click Find Now to activate your search. The results appear in the display list at the bottom of the window.

From the display list of the Find Business Groups window, you can click the right-mouse button to get the following options:

• Transfer, to transfer the group to another window
• New, to create a new group
• Properties, to see (or edit) the properties of a selected item
• Mass Renewal, to renew businesses participating in the group. For Master Treaty Group, you can indicate the expiry date for extraction of the business being renewed.
• Mass Cancel, to cancel businesses participating in the group.
• Delete, to delete members in a group (but you cannot delete the business itself).

View Business Groups #

Double-click the required Business Group and you see the View Business Group window. This window contains three tabs, Main info, Members and Notes.

The Main Info tab contains information such as Name, Is Active, Business Group Statistics, Profit Commission Calculation, Sliding ScaleCommission, Identifier and Last User Identifier Code depending upon what type of group you are viewing.

On the Members tab you can view the members of the selected business group and perform functions for the group. Here you can also access a pop-up menu that gives you different options depending on the type of group

The Notes tab is a free text field where you may enter any other relevant information about your Business Group.

Maintain Business Groups #

You can mark all agreements with a common business group name to make it possible to make collective analysis or handling of these offers/agreements later. Click the Members tab, click in the display list and click the right-mouse button to see the following options:

• Assign Business, which lets you assign business(es) to a Business Group.
• Remove Assignment, which removes the link between the business and the group.
• Business Properties, which lets you see details of the business.

If you create a new group starting from the agreement, you name the group and the system assigns this agreement to the group.

Business Group Statistics: Open this menu button from the Main info tab to see the combined statistics for the members of the Business group. For more information about online statistics in SICS, refer to Examine Business Actual Results in the_Analyse Business_ chapter.

Is Active: Select this check box if the group is active.

Maintain Merger Groups #

Merger Group is meant for situations when you have two or more offers/agreements, which have combined to become the same agreement. This makes it necessary to keep track of these together. The reason might be that your company has merged with another company participating in the same agreement. Then you might want to mark all these businesses with a common merger group name to make it possible to make collective analysis or handling these businesses later as one business. Click the Members tab, click in the display list and click the right-mouse button to see the following options:

• Assign Business, which lets you assign business(es) to a Merger Group
• Remove Assignment, which removes the link between the business and the group.
• Business Properties, which lets you see details of the business.

If you create a new group starting from the agreement, you name the group and the system assigns this agreement to the group.

Business Group Statistics: Open this menu button from the Main info tab to see the combined statistics for the members of the Merger group. For more information about online statistics in SICS, refer to Examine Business Actual Results in the_Analyse Business_ chapter.

Maintain Bouquet Calculation Groups #

A bouquet calculation group contains proportional treaties for which profit commission and/or sliding scale commission should be calculated together.

For Assumed Business this is informational only, it indicates that the cedent will calculate the profit commission and/or the sliding scale commission on a cumulative basis for the included businesses, but for outward proportional treaties this information can be used in SICS functions. It is possible to calculate both profit commission and sliding scale commission for the businesses in a group when running a retrocession calculation group order with these businesses included.

If a business is participating in such a group, the calculation is to be made across the participating agreement. If so, it is also indicated on the business profit commission conditions or sliding scale commission conditions. Click in the Members tab, click the display list and click the right-mouse button to see the following options:

• Add Business to Bouquet Calculation Group, which lets you add business(es) to a Bouquet Calculation Group.
• Remove Business from Bouquet Calculation Group, which lets you remove a business from a bouquet calculation group.
• Business Properties, which lets you see the details of the business.

If you create a new group starting from the agreement, you name the group and the system assigns this agreement to the group.

Bouquet Calculation groups also show check boxes indicating For Profit Calculation, or For Sliding Scale Commission.

Profit Calculation: Shows the Profit Commission Calculation for the group.

Sliding Scale Commission: Shows the Sliding Scale Commission for the group.

Business Group Statistics: Open this menu button from the Main info tab to see the combined statistics for the members of the Bouquet Calculation group. For more information about online statistics in SICS, refer to Examine Business Actual Results in the_Analyse Business_ chapter.

Maintain Offer Groups #

When you have two or more offers or quotes which are, for example, alternative excess of loss treaties for one layer or alternative programs with several layers of excess of loss treaties, you can mark all these offers or quotes with a common offer group name. It is then possible to do a collective analysis or make decisions on these offers or quotes. Click the Members tab, click in the display list and click the right-mouse button to see the following options:

• Assign Business, which lets you assign business(es) to a Offer Group.
• Remove Assignment, which removes the link between the business and the group.
• Business Properties, which lets you see details of the business.

If you create a new group starting from the offer, you name the group and the system assigns this offer to the group.

Business Group Statistics: Open this menu button from the Main info tab to see the combined statistics for the members of the Offer group. For more information about online statistics in SICS, refer to Examine Business Actual Results in the_Analyse Business_ chapter.

Maintain Master Treaty Groups #

SICS can handle treaties agreed jointly be several cedents. You can easily see when treaties belong together, but still distinguish between the cedents when it comes to special terms, accounting and protection assignment. Using Master Treaty Groups is one way that this can be done.

Master Treaty Groups can contain businesses of one of the following two combinations of Level of Business:

• Assumed Business and/or Administrative Business
• Outward Cedent’s Contract

Set Up Master Treaty Group #

Master Treaty Groups can contain businesses of one of the following two combinations of Level of Business:

- Assumed Business and/or Administrative Business

- Outward Cedent’s Contract | You can create a new Master Treaty Group or assign to an existing Master Treaty Group by clicking the Master Treaty Group Menu button on the Business tab.

If you create a new group starting from the treaty, you name the group and the system assigns the treaty to the group. You can also create the group from the Business Group section on the SICS desktop.

Double-click a master treaty group to see its properties. The Identifier on the Properties window is the number that identifies the Master Treaty Group. Whether your identifier is defined manually or automatically depends on how the parameter was set by your SICS System Administrator. |

Handle Business Using Master Treaty Group #

When you open the Properties window for a Master Treaty Group, you can click the Members tab, and click Find Now to see all the member treaties. You can further narrow your search by searching on Underwriting Year. To see all details of the found business, select the Show Details check box.

Click in the display list, and click the right-mouse button to see the following options:

• Assign Business, which lets you assign business(es) to a Master Treaty Group.
• New Business From Group, opens the Create New Business wizard where you can create a new business from the master treaty group. The identifier from the group then becomes part of the identifier of the business (if your System Administrator has defined the System Parameters this way).
• Copy Business, adds a new business to the group by copying an existing business in the group. (When you select an item in the display list, and then select Copy Business from the pop-up menu, you see the Copy to New Business window.) The identifier from the group then becomes part of the identifier of the business (if your System Administrator has defined the System Parameters this way).
• Remove Assignment, which removes the link between the business and the group.
• Business Properties, which lets you see details of the business.
• Mass Renewal, to renew business participating in the group. Mass Renewal lets you indicate the expiry date (Insured Period To date) for extraction of the business to be renewed. The system then shows only businesses with an Insured Period To date equal to or smaller than the date you selected. The system also shows the newest Insured Period To dates for each business. The businesses are renewed for one year. Business Group Statistics: Open this menu button from the Main info tab to see the combined statistics for the members of the Master Treaty group. For more information about online statistics in SICS, refer to Examine Business Actual Results in the_Analyse Business_ chapter.

Note! A business can only participate in one Master Treaty Group. And, a business that participates in the group must, upon renewal, still belong to the group. (This means that if one of the insured periods of the business is connected to these group, all insured periods must be connected.)

Maintain Bifurcation Groups #

In (re)insurance, bifurcation usually refers to situations in which the issues of liability and damages are separated and tried independently.  For these contracts, it is important to clearly see that they are part of the same bifurcation agreement, and therefore to group them together.

Assign Contract to Bifurcation Group

1. From the SICS Desktop, open the Business folder and then the Business Group folder
2. Select type Bifurcation Group, enter the name of the wanted group and press Find Now
3. Open the wanted bifurcation group and navigate to the Members tab
4. From the pop up menu, select Assign Business
5. In the Find Business window, select the insured period(s) you want to assign to the bifurcation group
6. Select Transfer from the pop-up menu, or if only one insured period is selected, you can double click on the selected period
7. Select Find Now in the bifurcation group, and the assigned insured period(s) is displayed

Assign Contract to Bifurcation Group from Contract

1. From the SICS Desktop, open Find Business and locate the contract/ insurd period you want to assign to a bifurcation group
2. Navigate to the Insured Period tab
3. From the menu button in the Bifurcation Group details, select Assign to Existing Bifurcation Group. Alternatively, you can select Create New Bifurcation Group and create a new group

Maintain Bifurcation Group Details:

• Contracts in the same group must be of the same Level of Business. An exception is that Assumed Businesses and Administrative Businesses can be part of the same group
• The insured period of the contract is not assigned to another bifurcation group
• Only the bifurcation group assigned to the contract’s last insured period is shown in the contract’s title bar.
• Contract participation in the group will not automatically be renewed. If it should still be part of the group, the new insured period must be assigned manually.

Remove Business from Group #

An agreement may have been assigned to the incorrect group or it should not have been part of a group at all. SICS lets you remove the assignment of an agreement to a group.

1. Open a group from:
   • Find Business Group window or
   • From the Business tab of your agreement by selecting View button
2. Select the Members tab
3. Click Find Now. The businesses assigned to the group are listed
4. Select the business(es) you want to remove.
5. Select Remove Assignment from the pop-up menu.

Delete Business Group #

You may have created a group by mistake and want to remove it. The group might already contain some agreements. You may remove this group and all the agreement assignments in it in one go. (The agreements themselves will however NOT be removed.)

1. Open the Find: Business Group window.
2. Click the group to be deleted.
3. Select Delete from pop-up menu.
4. If there are agreements linked to the group, a question appears. Reply Yes to this question.