INSIS

General Insurance
User Documentation

Accounting

February 12, 2013

Preface
Definitions
Accounting Process ____________________________________________________________ 2
Instructions
View GL transactions ___________________________________________________________ 3
View Outstanding Loss Reserve ____________________________________________________ 5
View Unearned Premium Reserve ___________________________________________________ 6
Glossary
Attributes Appendices
GL Transactions Attributes _______________________________________________________ 9
OLR Attributes _______________________________________________________________ 11
UPR Attributes _______________________________________________________________ 12
Transaction Types ____________________________________________________________ 13

Accounting

Preface

Preface
The ''Accounting'' module of INSIS takes care of the automatic generation of all General Ledger transactions for all
INSIS modules. The generation is attached to an applicable event during system setup.
The module encloses main functionality for:

Display information about General Ledger (GL) transactions

Display information about Outstanding Loss Reserve (OLR) reserve

Display information about Unearned Premium Reserve (UPR) reserve

Additional functional features of the module include:

Smooth integration with other INSIS modules, such as Billing and Collection.

This tutorial is for Insurance company staff who deal with accounting, as well as for actuaries and others tracking
reserves.

Keywords

Accounting, GL, OLR, UPR, General Ledger, transactions

Prerequisites
This section describes all of the prerequisite steps that you need to complete before start working with the Accounting
module within the INSIS application. For the prerequisite steps see:
Accessing INSIS Application
INSIS Interface
INSIS Search Engine

Definitions

Accounting

Definitions
Accounting Process
INSIS generates a particular General Ledger transaction based on the event to which it is attached during the setup
process. All transactions are stored in one place, but can be filtered by policy or period. INSIS can be integrated with
external financial systems and based on the particular implementation the data that INSIS prepares can be sent for
further processing by the external system.

Accounting

Instructions

Instructions
View GL transactions
To check the accounting transactions generated for a single policy, or for all policies within a specific period, go to
GEN Accounting > Transactions and follow the procedure below:
Step 1
Use the search facility located on the right side of the frame to retrieve the transactions for either a particular policy, or
a particular period.
You can search by one or more of the following policy attributes:

Policy Id

Policy No

Account Date

Month

Year

Period Id
Step 2

As a result you will receive a list of GL transactions (see Figure - GL Transactions ). Here you can check out the the
information you search for.

Figure - GL Transactions

Instructions

Figure - GL Transactions - continuation

Read details about the transactions in GL Transactions Attributes (see page 9).

Accounting

Accounting

Instructions

View Outstanding Loss Reserve

To check the amount of the outstanding loss reserve (OLR) generated for a policy during the month closing process,
or for all policies in a given period, go to GEN Accounting > OLR and follow the procedure below:
Step 1
Use the search facility located on the right side of the frame to retrieve the reserve information for either a particular
policy, or a particular period.
You can search by one or more of the following attributes:

Claim Id

Claim No

Request Id

Reserve Date

Policy No

Cover Type

Product Type
Step 2

As a result you will receive a list of GL transactions (see Figure - OLR Reserve ). Here you can check out the the
information you search for.

Figure - OLR Reserve

Figure - OLR Reserve - continuation

Read details about the reserves in OLR Attributes (see page 11).

Instructions

Accounting

View Unearned Premium Reserve

To check the amount of the unearned premium reserve (UPR) generated for a policy during the month closing
process, or for all policies in a given period, go to GEN Accounting > UPR and follow the procedure below:
Step 1
First, select a tab between List of UPR corp by policy and List of UPR corp by policy and cover . Then go to the
search facility located on the right side of the frame to specify search criteria for retrieving the reserve information for
either a particular policy, cover, or a particular period.
Step 2
A. When you are on the first tab List of UPR corp by policy (Figure - UPR Reserve by policy) you can search by one
or more of the following attributes:

Policy Name

Insr Type

Reserve Date

Status

Figure - UPR Reserve by policy

B. When you are on the second tab List of UPR corp by policy and cover (see figure UPR Reserve by cover type)
you can search by one or more of the following attributes:

Policy Name

Cover Type

Insr Type

Reserve Date

Status

Accounting

Instructions

Figure - UPR Reserve by cover type

Read details about the reserve records in UPR Attributes (see page 12).

Glossary

Accounting

Glossary
GL
The General Ledger is a chronological accounting record a business uses to keep track of financial transactions.

OSLR
The Outstanding Loss Reserve is the cash reserved by an insurance company to cover those claims that have been
reported, but are not settled, and thus the final cost is not yet known.

UPR
The Unearned Premium Reserve is the premium corresponding to the time period remaining on an insurance policy.
Unearned premiums are proportionate to the unexpired portion of the risk, for which coverage has been sought by the
insured party. Thus, it is deemed to have not yet been earned, or "unearned," by the insurer. It appears as a liability on
the insurer's balance sheet, as it would have to be paid back upon cancellation of the insurance policy.

Accounting

Attributes Appendices

Attributes Appendices
GL Transactions Attributes
Table - GL transactions attributes description

Field

Description

Gltrans Type

The type of accounting transaction. Read appendix Transaction Types for the full list of transaction types.

DT Account Code

The number of the GL account according to the country legislation, used in the particular transaction on
the debit side

DT Account

Debit account name

Ct Account Code

The number of the GL account according to the country legislation, used in the particular transaction on
the credit side

Ct Account

Credit account name

Amount Local

The transaction amount in the company local currency

Op Amount

The transaction amount in the currency of the transaction

Op Currency

The currency of the transaction

Currency Rate

The rate used to convert the amount from transaction currency to local currency (usually on the account
date)

Account Date

The date of the event that is the cause for the transaction

Period Id

The system ID for the month in which the transaction was generated

Order Id

The system ID for the day in which the transaction was generated

Month

The month in which the transaction was generated

Year

The year in which the transaction was generated

Policy Id

The system ID of the policy to which the transaction is related

Policy No

The policy number to which the transaction is related

Dt

Abbreviation for the debit account

Ct

Abbreviation for the credit account

Cover Type

The cover, if any, to which the transaction is related

Fract Type

The line of business to which the transaction pertains

Fyre

Whether the transaction relates to first-year or renewal premium

Reference Id

The system ID of the database table, containing the record based on which some event generated the
transaction (claim table, premium table, etc.)

Status

Contains symbol 'I' if successfully generated

Attributes Appendices

Accounting

Event Code

The code of the event that triggered the transaction generation

Gltrans Id

The system ID for the transaction

Reverse Gltrans Id

The system ID of the transaction which the current transaction is reversing

10

Accounting

Attributes Appendices

OLR Attributes
Table - OLR attributes description

Field

Description

Claim Id

The system ID of the claim

Claim No

The claim number

Request Id

The system ID of the claim request

Policy No

The number of the policy for which the claim is registered

Cover Type

The cover related to which the loss happened

Product Type

The name of the insurance product

Reserve Date

The date towards which the OLR is calculated

Claim Reserve Cf

The amount of the reserve carried forward

Currency

The currency of the reserve amount

Claim Reserve Bf

The amount of the reserve brought forward

Expense Sum

The amount of any related expenses incurred

RI Reserve

The amount of the reinsurance part of the OLR reserve

RI Reserve Bf

The amount of the reinsurance part of the OLR reserve brought forward

Localcurr OLR Cf

The amount of the reserve carried forward in local currency

Localcurr Riolr Cf

The amount of the reinsurance part of the OLR reserve carried forward in local currency

Localcurr OLR Bf

The amount of the reserve brought forward in local currency

Localcurr Riolr Bf

The amount of the reinsurance part of the OLR reserve brought forward in local currency

11

Attributes Appendices

Accounting

UPR Attributes
Table - UPR attributes description

Field

Description

Reserve Date

The date towards which the UPR is calculated

Insr Type

The name of the insurance product

Policy Name

The number of the policy for which the reserve is calculated

Cover Type

The cover for which the reserve is calculated

Status

The state of the reserve

Pr Gwp

The amount of gross written premium

Pr UPR

The amount of the unearned premium reserve

Pr Ep

The amount of earned premium

Com GWC

The amount of gross written commission

Com Dac

The amount of deferred acquisition costs

Com Ec

The amount of earned commission

Pr Gwp Curr

The amount of gross written premium in local currency

Pr UPR Curr

The amount of the unearned premium reserve in local currency

Pr Ep Curr

The amount of earned premium in local currency

Com GWC Curr

The amount of gross written commission in local currency

Com Dac Curr

The amount of deferred acquisition costs in local currency

Com Ec Curr

The amount of commission in local currency

Gwp Currency

The currency of the policy

12

Accounting

Attributes Appendices

Transaction Types
Abbreviation of

Description

transaction types
ASATOPSA

ASA to PSA

CLAIMDOC

Claim payment confirmation

CLAIMAP

Claim payment confirmation

CLAIMEXP

Claim expenses

CLAIMPAY

Claim payment

COINSCLPAY

Coinsurance claim pay

COINSREG

Coinsurance regress recovery

COINSREGRQ

Coinsurance regress request

COMMDUE

Due commissions

COMMINSTAL

Payable commissions

COMMOR

Due override commission

COMMPAY

Commission payment

DUEP

Due Premiums

GSATOASA

GSA to ASA

GSATOPSA

GSA to PSA

IASA

Credit ASA

IGSA

Credit GSA

IPREM

Premium allocation

IPSA

Credit PSA

PINDP2

Premium to FA reallocation

PREMCOMM

Premium withhold commission

RATEGAIN

Exchange rate gain

RATELOSS

Exchange rate loss

REFEXP

Refund expense

REFUND

Refund

REFUNDAPC

Refund AP confirmation

REFUNDC

Refund confirmation

13

Attributes Appendices

Accounting

REGRES

Regresses

REGRESRQ

Regresses request

REINSCHE

Reinsurance claims handling expenses

REINSCLAIM

Reinsurance claim

REINSCOMM

Reinsurance commissions

REINSPAYTR

Reinsurance payables - treaty

REINSPREM

Reinsurance due premium

RESDACDEC

DAC decrease

RESDACINC

DAC increase

RESIBNRDEC

Reserve IBNR Decrease

RESIBNRINC

Reserve IBNR Increase

RESOLRDEC

Reserve OLR Decrease

RESOLRINC

Reserve OLR Increase

RESUPRDEC

UPR Decrease

RESUPRINC

UPR increase

REVERSE

Reverse

RRIIBNRDEC

Reserve RI IBNR decrease

RRIIBNRINC

Reserve RI IBNR increase

RRIOLRDEC

Reserve RI OLR decrease

RRIOLRINC

Reserve RI OLR increase

RRIUPRDEC

UPR Reins decrease

RRIUPRINC

UPR Reins increase

TOLERANCEN

Tolerance negative

TOLERANCEP

Tolerance positive

14

The content objects are Copyright Fadata AD. All rights reserved.
You may not copy or modify this content without permission.
You may quote information only to parties who have signed Non-disclosure agreement with Fadata and if a reference
to the source is provided as well.
You may not use extraction tools to extract text or graphics.
You are free to store files permanently and to print, only if you protect electronic and printed documents confidential.

HelpServer is a trademark of 4.ST Belgium NV

INSIS is a trademark of Fadata AD
Copyright Fadata AD