Modification/ Enhancements #681
closedInsurance-->quarterly-->Q5-Sec 8(13) Solvency-->Client wants changes in calculation for solvency form(latest excel sheet have provided by client)
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Description
Q5 solvency form – the field where the percentage of premiums is 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%, that means in the form, this threshold should be $13,441. Therefore, any figures for premiums entered that are 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.
See attached screenshot
See attached downloaded file for solvency calculation
Files
Updated by arti saraswat almost 3 years ago
- File clipboard-202111111719-g92of.png clipboard-202111111719-g92of.png added
- Status changed from Resolved to Reopened
This issue has been verified,
and it has been found that the issue has not been fixed yet.
Follow the formula according to the solvency excel sheet.
See attached screenshot
Updated by himanshu bhardwaj almost 3 years ago
- Assignee changed from Manessh p to sunil gupta