Statuses and Transitions

The Reinsurance Admin solution enables you to achieve efficiency, gain flexibility and organize your reinsurance contracts for analysis and operational purposes in an easy way.

Here is a diagram of the flows managed through the Reinsurance Admin module:

The Reinsurance Admin module covers the following business statuses:

Status name Type Description
Draft Initial Status for every record generated into the system - when the user presses Save before attaching any Insurance Type to the contract.
Registered Initial For records that have at least one Insurance Type in the Insurance Type grid.
InForce Ongoing For records that satisfy the following conditions:
  • they are passed their Begin Date.
  • their current date is not the End Date of the contract.
  • at least one Insurance Type is inserted in the Insurance Type Grid .
Terminated Final For records that satisfy the following conditions:
  • at least one Insurance Type is inserted in the Insurance Type Grid.
  • their current date is the End Date of the contract or...
  • the termination of the contract is done manually.

Here is a description of the transitions managed through the Reinsurance Admin module:

Transition Description
_Draft The first status for every record generated into the system.
Draft_InForce Automatic transition - based on verifying the Begin Date saved on the form, when registering the reinsurance contract into the system.
Draft_Registered Automatic transition before reaching the InForce status, for records that satisfy the following conditions:
  • their current date is not the Begin Date of the contract.
  • their current date is not the End Date of the contract.
  • they have at least one Insurance Type in the Insurance Type grid.
InForce_Terminated This transition can be triggered in 2 different ways:
Automatically - when the current date is the End Date of the reinsurance contract. Manually, by updating the End Date for the selected record.
Registered_Draft Automatic transition triggered during editing the form, when the user deletes all of the Insurance Type from the Insurance Type Grid.
Registered_InForce Automatic transition triggered for records that satisfy the following conditions:
  • they are passed their Begin Date.
  • their current date is not the End Date of the contract.
  • they have at least one Insurance Type in the Insurance Type Grid.
Terminated_InForce Manually, by updating the End Date for the selected record.
HINT Use the low-code capabilities of Innovation Studio to create a new business status or transition that reflects a particular business need regarding your reinsurance operations. In order to do so, please follow the instructions from the Business Workflows Processor Guide.