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.
FTOS_INSPA_ReinsuranceContracts is the business workflow that handles the different types of changes affecting a contract during its lifetime - like transitioning the contract through different business states (from Draft to Terminated).
Below, an example of the this business workflow - as it is displayed on FintechOS Studio:
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:
|
Terminated | Final |
For records that satisfy the following conditions:
|
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. The FTOS_INSPA_ReinsuranceContracts job transitions all records from Draft to InForce status, when the records satisfy the following conditions:
|
Draft_Registered | Automatic transition before reaching the InForce status, for records that satisfy the following conditions:
|
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:
|
Terminated_InForce | Manually, by updating the End Date (registering a new end date) for the selected record. |