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Stabilization Reserve and IBNR Calculation for Russia (New) ( RELN/GSINS/SR_IBNR_FSCM )
rdisp/max_wprun_time - Maximum work process run time Addresses (Business Address Services)This documentation is copyright by SAP AG.
Short text
Stabilization Reserve and IBNR Calculation for Russia (New)
Use
As of SAP Insurance Localization for Russia 6.0, you can calculate the stabilization reserve and the IBNR (reserve for incurred, but not reported losses) in the format required by the authorities in Russia. To calculate the reserves, you use BI Content.
- IBNR
- The reserve for incurred, but not reported losses stands for open claims in the background. You must calculate the IBNR for each accounting group separately and the sum of the values is the total value of IBNR. Two calculation methods exist (Formula one and Formula two) depending on whether the insurer has the necessary data about paid losses. You must calculate the unearned premium reserves first, then the earned premium, then the claimed but unsettled losses as a prerequisite for calculating the proper value of IBNR.
- Stabilization Reserve
- The new product offers you three different calculation methods, for each method you must first calculate the unearned premium reserve, the reserve for claimed, but unsettled losses, and the IBNR. You must calculate the stabilization reserve for each accounting group separately.
- Method 1 is used for accounting groups 6, 7, 10, 12, 14, 15. For these accounting groups, the calculation of stabilization reserve is obligatory
- Method 2 is used for accounting groups 1-5, 8, 9, 11, 13, 16-19. You calculate the stabilization reserve for these accounting groups when there is a significant deviation from the average value in the coefficient of established losses
- Method 3 is used for accounting group 13.1. You are required to calculate stabilization reserve for obligatory motor third party liability insurances
To calculate the reserves and submit them in the required format to the authorities, you use the BEx Analyzer. For more information about the BEx Analyzer, in SAP Library, choose SAP Business Information → BI Suite: Business Explorer → Analysis & Reporting: BEx Analyzer.
Effects on Existing Data
Effects on Data Transfer
Effects on System Administration
Effects on Customizing
To specify the data transfer for the reserve calculation form other systems (for example Financial Accounting, Collections/Disbursements), you make settings in Customizing, Specify Data Transfer to BI.
Further Information
ABAP Short Reference BAL Application Log Documentation
This documentation is copyright by SAP AG.
Length: 3083 Date: 20240419 Time: 182650 sap01-206 ( 66 ms )