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IBNR Reserve (Changed) ( RELNFSCM_471_IBNRRESERVE )

IBNR Reserve (Changed) ( RELNFSCM_471_IBNRRESERVE )

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IBNR Reserve (Changed)

Use

From Release 4.71, IBNR reserves can be set according to freely configurable procedures. Reserves can be determined from the claims, by configurable selection criteria, and can be enhanced with statistical values based on experience.

The system can also create artificial cases. The system then aggregates these individual reserves according to configurable grouping criteria, to form IBNR reserves. You can also specify the IBNR reserve directly. If the driver data is available, the system will continue to support the previous distribution of IBNR reserves on a more detailed level.

You also have the option of creating and processing driver data and statistics manually. You can also process the procedure results manually.

You can configure the calculation methods and their application to the reserve group cluster. Reserve group clusters can overlap with one another, and the calculation methods can be applied to these clusters, more than once and in a definable order. You can also use the ICL_IBNR_CALCULATE BAdI (Calculation methods for IBNR reserves) to define your own calculation methods and change the standard delivered methods during implementation.

The existing data model for IBNR reserves, with the freely configurable account assignment characteristics (indicative) and grouping technology, will still be used. This will affect grouping and cluster formation, in particular, as well as versioning.

Effects on Existing Data

Effects on Data Transfer

Effects on System Administration

Effects on Customizing

You can configure the following options in the relevant IMG activities under Claims Management → Claim → Business Settings → Reserves → Background Reserve Setting → Reserves for Claims Incurred but not Reported (IBNR).

  • Permitted account assignment characteristics (indicative)
  • Reserve group categories
  • Reserve groups and the assigned account assignment intervals
  • Reserve group cluster
  • Versions

The BAdI methods are defined as calculation methods. In addition, the calculation methods, a calculation parameter and the associated cluster are defined in a list with sequence. If necessary, you can overwrite the existing calculation methods and define new methods during implementation.

Further Information






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