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Financial data reporting II
Project duration: 6 months
Brief description
Previously, the insurance company reported its financial data in accordance with the HGB (German Commercial Code), on the basis of German financial accounting. Due to integration in an American insurance company, it is now necessary to create the financial statements in accordance with French and American financial accounting standards. To achieve this, all the insurance information has to be reported as per the "gross premium written" to various of the group's reporting systems and the information has to be reconciled.
Supplement
The project involves the technical data processing implementation of the specialist detailed specification with a design phase and an implementation phase. The data for the various data extracts is identified within the existing inventory management system; as such, it is implemented in PL/SQL.
Subject description
Creating data extracts for the various reporting systems at an insurance group. Gross premium written (GWP): "When a non-life insurance company closes a contract to provide insurance against loss, the revenues (premiums) expected to be received over the life of the contract are called gross premiums written. Insurance companies often purchase reinsurance to protect themselves against the risk of a loss above a certain threshold; the cost of reinsurance (reinsurance premiums) is deducted from gross premiums written to arrive at net premiums written." (Source: http://en.wikipedia.org/wiki/Gross_premiums_written)
Overview
- Industries insurance
- Specialist tasks financials, premium differentiation, Reporting, underwriting risk
- DV tasks customised software further development
- System environment Client/Server, technical data processing
- Procedure model customer standard
- Databases Oracle Database
- Development/ test tools SQL Navigator for Oracle
- Standard software SmartSVN
Project period01.02.2011 - 31.07.2011
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