1. Release Notes
  2. About This Guide
  3. What is New in this Release

What is New in this Release

Oracle Insurance Accounting Analyzer bundles the following new features in version 8.1.2.5.0:

  • Risk adjustment factors can be given at cohort granularity, a new table called Stg_Ins_Adj_Fac_Grp_Scn_Maphas been introduced and needs to be filled in addition to the existing Stg_Ins_Adj_Fac_Grp_Scn_Map and Stg_Ins_Adj_Factor_Master tables to enable usage of risk adjustment factors per cohort.
  • A new function called Sum Product (sum of products) has been introduced for reinsurance-held calculation templates, this function can be applied on macros that fetch values of underlying direct insurance cohorts mapped to the reinsurance-held cohort.
  • In LDTI convention templates, net premium ratio can be computed for the desired actuarial assumption. Net Premium Ratio - Inception Rate and Net Premium Ratio - Subsequent Report Period Rate have been added for the same and these can be selected along with the desired actuarial assumption within the calculation template expression builder.