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. ...
When Reinsurance Company participates in a treaty or facultative protection, the company receives accounts from the ceding company including their share of premium, claims and other figures that their agreement includes. The figures of these accounts are manually entered onto Technical Worksheets in order to update the Ledger and Online Statistics of the Business to which the accounts apply. The Business Partner Ledger is also updated accordingly. Open a Technical Worksheet for a Business # | Technical Worksheet button on the Navigation bar. ...
Assign Protection Manually # | Proportional Protection Assignment | To assign a Proportional Protection to the Assumed Business, click the Proportional Protection Assignment button in the Navigation bar of a proportional business. You can also assign Non-Proportional Protection to the business by clicking the Non-Proportional Protection Assignment button. | | Non-Proportional Protection Assignment | Assign Proportional Protection # Clicking the Proportional Protection Assignment button opens the Proportional Protection Assignment window. ...
Open and View Online Statistics # Sometimes the accounting information of a business is best presented by statistics. SICS generates online statistics based on the information from the Business Ledger. The statistics are updated immediately when you close a worksheet. Not only accountants, but also underwriters and managers will find that viewing the statistics is the quickest and easiest way to get an overview of the economic situation of a business. ...
Estimation Complete Mass Update # When closing of specifically selected Estimation Items has been set in the Multi GAAP system parameters, The Periodic Function, Estimation Complete Mass Update functionality can be used to perform the closing. To get access to the Estimation Complete Mass Update functionality, the correct User Role must be assigned to the user who is about to perform the closing. This is done in the Security functionality. ...
Terms and conditions regarding the maximum liability of a reinsurance agreement and the monetary amount to be received in return for the cover comprise, in SICS, the limit and premium conditions. The limits range from the agreed monetary limitations and deductibles to more informational items, like run passenger miles and turnovers. The premium conditions include items such as the estimated premium informed by the cedent, pre-agreed premiums, premium rates, and premium invoicing schedules. ...
If you have created claims on your business, SICS allows you to handle the Claim Accounting on Claim Worksheets instead of the general Technical Worksheet. The Claim Worksheet differs from the Technical Worksheet since it is specific to a single Claim, or Claims for a specific business. Worksheet validations will consider the bookings made for each claim. Also, the Claim worksheet may or may not be transferred to the ledger; whereas the Technical Worksheet is always transferred to the ledgers. ...
Release date # March 26th. 2021 Release documentation # Featured cases # Overview What’s new # Overview Deliverables # Overview Business Object # BO Reporting cases Security # Security reports Tests # System test reports SICS product line # Product Category DXC SICS P&C Workstation Desktop application DXC SICS P&C Sys Admin Utility Desktop application DXC SICS Life Workstation Desktop application DXC SICS Life Sys Admin Utility Desktop application DXC SICS Cede Workstation Desktop application DXC SICS Cede Sys Admin Utility Desktop application DXC SICS P&C API Server Server / Backend DXC SICS Life API Server Server / Backend DXC SICS ADH Server Server / Backend DXC SICS Batch Server Server / Backend DXC SICS Operational Reporting Server Server / Backend DXC SICS Search Server Server / Backend DXC SICS Naming Service Server / Backend DXC SICS eMessaging Server Server / Backend