Client Feedback Point-Insurance Quarterly
User documentation
10/01/2021
1. There needs to be an input field for number 17 on the balance
sheet so that the explanation of the “other assets” can be inserted.
QA Comment:-Client need this modification in row no-17
2. Form Q.6 - Row 3 should not be an input field but be
calculated as Row 1 minus Row 2.
QA Comment:-Client need this modification in row no-3
3. Q5 solvency form – the field where the percentage of
premiums are calculated (second field on the form) does
not take account of the fact that the form should be
completed in ‘000s. So where the formula states that
the first $13.441 million should be at 20% and amounts
exceeding that should be multiplied by 10%, which means
in the form, this threshold should be $13,441. Therefore,
any figures for premiums entered that is above this amount,
should trigger the change to 10% of premiums over this amount.
See the below screenshot showing this is not being done in
ARIAS currently.
QA Comment:-Client wants changes in the calculation for solvency
form(latest excel sheet have provided by client)
4. Return date should not be allowed to be a future date.
See below which allowed 31 August
QA COMMENT:-I have some confusion on this point because I guess it is going on like this for all the sectors.
so, Himanshu I want to discuss this point with you once.