sanctions checking

[nigel]

Hi all,

 

Im going mad with posts this morning!!

 

Does anyone have a problem with the sanctions checking module on open gi?

 

According to what ive been told, it should automatically do a sanctions check on each client before the renewal is due each year, but for some reason our system does not do it. Any ideas?

 

Also, we use APM, but have a problem where if we have an existing client and then use the info from this by transferring it to apm for a new quote, if we then transfer it back to brooms as a new policy, it doesnt do another sanctions check. Ive been told by OGI that this is right, as it will only do it if any of the level 1 info has been altered, but to me this isnt the correct way for it to work, as if the first policy was done 3 months ago, the client could have been added to the sanctions list since, so it should be checking them again.

 

Anyone have any thoughts or feedback on this?

 

nigel

 

[karl]

21 minutes ago, nigel said:

Hi all,

 

Im going mad with posts this morning!!

 

Does anyone have a problem with the sanctions checking module on open gi?

 

According to what ive been told, it should automatically do a sanctions check on each client before the renewal is due each year, but for some reason our system does not do it. Any ideas?

 

Also, we use APM, but have a problem where if we have an existing client and then use the info from this by transferring it to apm for a new quote, if we then transfer it back to brooms as a new policy, it doesnt do another sanctions check. Ive been told by OGI that this is right, as it will only do it if any of the level 1 info has been altered, but to me this isnt the correct way for it to work, as if the first policy was done 3 months ago, the client could have been added to the sanctions list since, so it should be checking them again.

 

Anyone have any thoughts or feedback on this?

 

nigel

 

Hi Nigel

 

As far as I am aware you should be regularly rechecking your book. To do this, you need to set the overnight batch sanctions check as part of your overnight process. You can set parameters you require in broker amendment (I think including max number of records to check per night/how often to recheck each client).

 

Your second point should be irrelevant if you are running the rechecks as above.

 

Thanks

 

Karl

[nigel]

I thought the sanctions checking was supposed to be automatic, but according to what you are saying it is only automatic at the point of transfer, is that right?

 

How often do you check your book?

 

Kind regards

 

nigel

[karl]

48 minutes ago, nigel said:

I thought the sanctions checking was supposed to be automatic, but according to what you are saying it is only automatic at the point of transfer, is that right?

 

How often do you check your book?

 

Kind regards

 

nigel

You should have #96 in Prospect Control so all new prospects are checked when created.

 

You can also set under #97 to also check when converted. 

 

Also, #98 is where you set how often you want prospects rechecked during batch checks.

 

We recheck all clients every 30 days.

Edited 26 November, 2018 by karl