What is New in this Release

Oracle Insurance Accounting Analyzer bundles the following new features in version 8.1.2.8.0:

• The input variable property Event Date Pertaining To can now take two additional values:
  • Current Reporting Period:Indicates that the cash flows that have cash flow dates within the current reporting period only are used for input variable computation.
  • After Current Report Date:Indicates that the cash flows that have cash flow dates after the current report date only are used for input variable computation.
• Some of the existing variables have been modified to have either of these two values as the Event Date Pertaining To. For the full list of input variables having either of these two values as the Event Date Pertaining To refer to the Input Variable List - Event Date Pertaining To - Current Reporting Period & After Current Report Date Excel file on the MOS page.
• It is no more required to provide cash flows with Opening Position actuarial assumption. The previous reporting period Closing Position cash flows are copied as Opening Position cash flows in the current reporting period.
• The GL account names are prefixed with GL codes and shown on the accounting rule configuration screen within subledger definition.
• The following two reporting lines are added to the subledger Profit or Loss Statement report:
  • Change in risk adjustment for the reporting period under Insurance Service Expenses
  • Changes that relate to past service - adjustments to incurred claims under Net income (expenses) from reinsurance contracts held