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Clarification On GMM GI Template In IAA 8.1.2.0.0 (Doc ID 2852323.1)

Last updated on MARCH 05, 2022

Applies to:

Oracle Insurance Accounting Analyzer - Version 8.0.6 and later
Information in this document applies to any platform.

Goal

1. Cash outflow section is blank under GMM-GI->Reconciliation->LIC->Cashoutflow. Please let us know the reason.


2.There are 2 input variables which are related to claims , however used under LFRC:


145 Current Period Claims Handling Expenses Settled In Reporting Period
144 Current Period Claims Settled In Reporting Period


Please let us know the reason.


3.Also the ip variables 144 and 145 are linked to output variables N_MA_PV_CF_CHG_CURR_SERV,N_MA_PV_CF_OUT Where are these output variables used subsequently ?

4. Under GMM GI template -> Movement Analysis -> PV LFRC -> Insurance Finance Income or Expense-> Change in Liability Due to Difference in Locked In Rate and Current Rate Computation Of Future Service Impacting CSM
has the following formula:


[ PV Revised Gross Claims At Report Date Using Start Of Reporting Period Discount Rate ] + [ PV Revised Expenses At Report Date Using Start Of Reporting Period Discount Rate ] - [ PV Revised Gross Premium At Report Date Using Start Of Reporting Period Discount Rate ]
-
[ PV Gross Claims At Report Date Using Start Data and Start Of Reporting Period Discount Rate ] + [ PV Of Future Expense At Report Date Using Start Data and Start Of Reporting Period Discount Rate ] - [ PV Gross Premium At Report Date Using Start Data and Start Of Reporting Period Discount Rate ]

- [ Movement Analysis->Present Value Of Future Cash Flows (LFRC)->Changes In Estimates Impacting CSM->Changes In Future Service Due To Change In Non-Financial Experience ]

Consider this as A-B-C
================================================================================

Please refer to the last part of this formulae I.E "C"
[ Movement Analysis->Present Value Of Future Cash Flows (LFRC)->Changes In Estimates Impacting CSM->Changes In Future Service Due To Change In Non-Financial Experience ]

====================which is as below================================================

[ PV Revised Gross Claims At Report Date Using Start Of Reporting Period Discount Rate ] + [ PV Revised Expenses At Report Date Using Start Of Reporting Period Discount Rate ] - [ PV Revised Gross Premium At Report Date Using Start Of Reporting Period Discount Rate ]
-
[ PV Gross Claims At Report Date Using Start Data and Start Of Reporting Period Discount Rate ] + [ PV Of Future Expense At Report Date Using Start Data and Start Of Reporting Period Discount Rate ] - [ PV Gross Premium At Report Date Using Start Data and Start Of Reporting Period Discount Rate ]


The last part of the formula is the same as the first part so won't the subtraction result in 0 value.
=A-B-C
C=A-B

Solution

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In this Document
Goal
Solution
References


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