2014 Releases

15 December 2014

VBT 2014, additional VOC fields and Carrier URL, new CSV and PDF reports, improvements to Document Verification, Deterministic Valuation in Excel and other improvements and fixes…

New features and Improvements

• [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][CL-4469] – 2014 VBT Preliminary Tables Available
• [CL-4447] – VOC: add 12 new fields
• [CL-4451] – VOC: display Insured age, Policy Lapse Basis, Third Party Authorisation document download
• [CL-4452] – VOC Carrier info and Servicing Carrier info: show first URL from CRM Contact Details as link
• [CL-4448] – VOC: New CSV report for last x VOCs on all Cases in a list or Portfolio
• [CL-4443] – Closing, Document Verification: Add Templates; Add multiple Analysts
• [CL-4444] – Closing, Document Verification, PDF report
• [CL-4445] and [CL-4478] – Closing, Contract Package Building Blocks
• [CL-4378] and [CL-4446] – Closing Summary tab, State Audit section: new fields “Date Contract Package Received” and “Policy Loan Amount at Closing”
• [CL-4379] – Case Summary, State Regulation: Add Provider Forms Requirements, Licensed, Effective Date, Renewal Date
• [CL-4475] – State Reporting: Add Case Status column
• [CL-4454] – Excel export template: add Deterministic Valuation tab information to Valuation sheet
• [CL-4460], [CL-4461] and [CL-4462]- Maturities report: add subtotals, DOD date range filter and a new CSV export
• [CL-4455] – Servicing Task Notifications: allow green and amber notifications to post-date Task Due Date
• [CL-4432] – Select “Custom IRR” and “Risk Scenarios” with checkboxes on Portfolio valuations
• [CL-4450] – Auto Case Reference: add InsuredLastName and last two characters of Policy Number as option
• [CL-4376] – Case merging should not force delete Premium Schedules
• [CL-4479] – Edit Insured DOB, DOD or Gender should delete Valuations if any
• [CL-4324] and [CL-4483] – Improvements to Auto Import

Bug fixes

• [CL-4489] – Fix Copy/Paste from Excel into Illustration page
• [CL-4329] – Bid Management: sending case by email, “Other Email Address” doesn’t work
• [CL-4484] – If Minimum Premium tab on premium calculator throws error, it causes whoops
• [CL-4485] – Merge a case with Compliance Checklist fails

Release Notes are here: Release_Notes_201412_v2.pdf[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

09 October 2014

Today, ClariNet gets a facelift! We are releasing a new version of ClariNet with a fresh and updated look. We have also re-enabled the Case Status alerts. Find an overview of the new design and more details in the Release Notes.

In this Release:

• [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][CL-4408] – New design
• [CL-4421/4428/4427] – Case Status alerts
• Other Items, Bugs and Improvements:
  [CL-4409] – Cash Withdrawals don’t charge surrender charge
  [CL-4420] – Clicking Generate in Illustration causes incorrect NDB on loan case
  [CL-4419] – Allow negative numbers on Cost/Maturity tab
  [CL-4418] – Empty portfolio causes odd numbers in portfolio view and summary PDF
  [CL-4422] – Error message not caught when using COI override
  [CL-4423] – Issues with Surrender Charges Tab on Premium Calculator
  [CL-4424] – Deleting top row of newly created premium history rows causes loss of data
  [CL-4429] – External Bidders plus button not enabled on Active cases
  [CL-4430] – Exception thrown when deleting a premium schedule

Release Notes are here: Release_Notes_201410_v1.pdf[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

16 July 2014

Price a Case with loan or withdrawal, new Case Valuation metrics, SmartSearch improvements, floor values at zero in Portfolio Valuation, more Portfolio Statistics, Maturities report and other improvements and fixes…

New features and Improvements

• CL-4250 – Price a Case with loan or withdrawal
• CL-4365, 4366, 4389 – Single Case Valuation: add new Metrics for Maturity Risk, Real Tail, Ins Age at Extension, Extension LE and Above pricing LE in % and Years, Elasticity, breakeven age, etc.
• CL-4274, 4362, 4374, 4386 – SmartSearch improvements: Event dates, Policy Number, multiple Case References, Insured first name and/or last name
• CL-4388 – Portfolio Valuation – add option to floor values at zero
• CL-4367 – Portfolio Summary: add more summary stats to web and PDF (Policies, Face Amounts and Insureds by Case Status)
• CL-4370 – New PDF report: Maturities
• CL-4359 – New Portfolios CSV export for multiple probabilistic values
• CL-4352 – Case to PDF Report: make document and LE Report table use full width
• CL-4246 – Single Case Valuations list: add “Excel Template” export button
• CL-4375 – New fields on Cost/Maturity tab: “Carrier Name” and “Carrier Rating (as at payment date)”
• CL-4357 – VOC: allow “Account Information Date” in the future/after “Verification Date”
• CL-4382 – Add Categories to Help page
• CL-4351 – Add separators to the menus to improve clarity
• CL-4396 – Add weekly run and name to Auto Import Tasks

Bug fixes

• CL-4348 – Add ability to import and export VTs and PCc as XML
• CL-4353 – VT parameters overflow column width and length in Excel exporter
• CL-4394 – Case Setup Form: cannot add a document of type “Uncategorized Document”
• CL-4398 – Use Impvt checkbox is enabled when it shouldn’t be
• CL-4399 – Contract Package Building Blocks: Remove redundant part “Premium Finance Loan”
• CL-4402 – Valuation created when an insured is dead but has a very low LE report fails to save
• CL-4403 – When Valuation is exported, code generates new Premium Schedules and errors with “All Cases must have the same Premium Schedule Start Date”

Release Notes are here: Release_Notes_201407_v2.pdf

08 May 2014

New Maturity Case Statuses, Implied Mortality Multiplier in Valuations, manual data entry in Premium Schedule, edit counter party, dates and bid amount in Bidding Transactions, new PDF and CSV reports and other improvements and fixes…

New features and Improvements

• CL-4318 Modify Case Status labels, add “Maturity Claim Pending” and “Maturity Claim Paid”
• CL-4242 Single Case Valuation: show Implied Mortality Multiplier
• CL-4317 Premium Schedules: Allow manual entry of specific AV/CSV on specific date
• CL-4199 Bid Management: Allow event dates to be edited.
• CL-4322 Make Bid Amount editable on Sent/Received Transaction
• CL-4321 Edit Sender on a Received Transaction
• CL-4194 New Report: CSV export of Order Tracking or Follow Ups
• CL-4240 State Reporting CSV: Add new fields
• CL-4315 New Report: PDF showing all deterministic cashflows and predicted IRRs
• CL-4319 Expose State Regulations info near State of Ownership field
• CL-4272 Contract Package: Building Blocks, add Phone Number for Escrow Agent
• CL-4237 Contract Package: formatting and other improvements
• CL-4332 Add/delete Insured (switch between Single and Joint Life)

Bug fixes

• CL-4328 Closing Transaction: Document Verification display issues
• CL-4331 IRR Calculation tab on Single Policy Valuation page has issues
• CL-4336 Policy Product page under Administration menu: can’t view item
• CL-4229 LE Report Weightings issues in Valuation Settings (fix data)
• CL-4338 Portfolio Charts: Smoking Status, Face Amount % for Male/Female always shows 100%

Release Notes are here: Release_Notes_201405_v2.pdf

04 March 2014

Speed and Usability Improvements, LE Report Aging, Fasano mortality table, extend LEs by %, and other improvements and fixes…

Speed and Usability Improvements

• CL-4247 Case Summary: Illustration and VOC tabs: add Edit button on each row
• CL-4259 Make some tabs in Case Summary editable in-line
• CL-4200 Closing Checklist: allow all fields to be entered in one pass
• CL-4248 Improve loading time of Case Summary
• CL-4296 Fix Bid Management page to avoid full page refresh

Other New features and Improvements

• CL-4241 Changes to LE Report Aging
• CL-4244 Ability to use any mortality table in the Portfolio model without changing LE selection
• CL-4243 Ability to use Fasano mortality table on any underwriter
• CL-4245 Risk Scenario: ability to extend LEs by % on Case-by Case basis
• CL-4262 Manual PS: default dates to monthiversaries/anniversaries after Start Date
• CL-4261 Premium Schedules: Add “Create a Copy” icon for Premium Schedules
• CL-4292 Policy tab: make Policy Issue Date field optional
• CL-4293 State Reporting CSV: replace Policy Issue Date with Policy Date
• CL-4291 CRM dropdowns: display Individuals as “Last, First MiddleInitial” instead of “First Last”
• CL-4290 Add Document Types: “Death Benefit Check”, “Premium History” and “History of Ownership”
• CL-4275 Change EMSI form to require Mean OR Median LE

Bug fixes

• CL-4229 LE Report Weightings issues in Valuation Settings (fix data)
• CL-4288 Excel portfolio upload of Underwriter Weightings can cause more than 100%
• CL-4300 Fix “Who controls the Closing Process” dropdown when accepting a Bid.
• CL-4271 Premium Payment History: adjust error message row numbers (sometimes out by 1)
• CL-4281 Excel template export: VOC COI rate shown as % instead of $
• CL-4282 Auto Import: invalid file extension errors, second error show same text as first one
• CL-4286 AVS LE Report allows calculated age to be any value but XML constrains it to 130
• CL-4297 Misc Bug Fixes

Release Notes are here: Release_Notes_201403_v2.pdf