1. Release Notes
  2. About the Guide
  3. Why Oracle Insurance Accounting Analyzer?
  4. What is New in this Release

1.5.1 What is New in this Release

This section lists the new features and changes in the Oracle Insurance Accounting Analyzer Application Pack Release 8.1.2.3.0.
  • Liability projections are supported for Full Retrospective transition calculation runs
  • Liability projections are supported for Year-to-date calculation runs
  • Inheritance is applied to the Line of Business (LOB) field on the Liability Calculation definition screen. If the selected LOB has a hierarchy, then all the Level of Aggregations (LOA) belonging to all the LOBs from the LOB hierarchy will be made available on the Liability Calculation (LC) definition screen for selection.
  • Multi-select is supported on the Line of Business field on the Liability Calculation definition screen. If multiple LOBs are selected, then the LOAs belonging to all the selected LOBs (including LOBs within LOB hierarchies) will be made available on the Liability Calculation definition screen for selection.
  • Multiple interest rate curves, each per scenario, can be added per LOA on the Liability Calculation definition screen.
  • Multiple risk adjustment factors, each per scenario, can be added per LOA on the Liability Calculation definition screen.
  • The Point of incurrence computation is supported for input variables. The added variable dimensions are:
    • Point of Incurrence Calculation Moment: The application takes the Occurrence Date given in the Stg_Ins_Occurrence_Details table and defaults the last day of the month as the point of incurrence. For example, if 15th Jan 2020 is given as the occurrence date, then the application defaults to 31st Jan 2020 as the point of incurrence
    • Point of Incurrence Cash Flow: The application picks up the cash flows given as of the point of incurrence date (31st Jan 2020 in the above example).
    • Point of Incurrence Discount Rate: The application picks up the discount rate curve given as of the point of incurrence date (31st Jan 2020 in the above example).
    • Point of Incurrence Onwards Cash Flow Boundary: The application picks up the cash flows given as of the point of incurrence date (31st Jan 2020 in the above example) and the cash flow dates starting from the point of incurrence date onwards.
    • Point of Incurrence to Current Report Date Cash Flow Boundary: The application picks up the cash flows given as of the point of incurrence date (31st Jan 2020 in the example above) and the cash flow dates starting from the point of incurrence date till the current report date.
  • Reports
    • A new Sensitivity Analysis report, that discloses the impact of shock scenarios on liabilities, CSM, and profit/loss, is added.