New Features in this Release

• Patterns for cash flow generation can now be applied to any pre-seeded cash flow. FSI_IIA_CASH_FLOW_PATTERNS table should be used to enter the source cash flow (e.g., Commission) and the target cash flow (e.g., Amortized Commission) details.
• Reserve converter feature is added, it allows annual Accident Year and annual Underwriting Year reserves to be provided as inputs into the FSI_IIA_INPUT_RESERVE_AMOUNT table.
  • If the annual Accident year reserves are provided as inputs, they are converted to Underwriting Year reserves based on the configuration done on Reserve Converter screen. Thereafter, the Underwriting Year reserves are allocated to underlying cohorts within the Reserve Converter screen.
  • If annual Underwriting year reserves are provided as inputs, these reserves are allocated to underlying cohorts within the Reserve Converter screen.
• Subledger reports namely Statement of Profit or Loss and Balance Sheet Abstract can now be modified by going to the Subledger Report Configuration screen. The reports marked and suffixed as Default are non-editable and the product related changes, if any, to the reports for any release will be reflected in these reports. The reports that are not marked and suffixed as Default are editable and the product related changes, if any, to the reports for any release will not impact these reports.
• A new report called YTD FWH Roll Forward Report By Year is added under Summary page of Reinsurance Settlement Reports dashboard.
• MTD (month to date) execution is enabled under reinsurance settlement subledger definition.