lion of africa change request form - sectional title product sasria update v1

Lion of Africa Change Request Form

Change DetailsTitle Of Request Sectional Title Product – Update SASRIA on Sectional Title v1

Redmine Number 1737

Business Owner Underwriting

Date of Request 12 August

Detailed description of change including reasons:

The current SASRIA setup for the Sectional Title product needs to be updated to suit the current environment. They are:

1) Extensions (across the board)

a) 15% capital additions – basic sum insured

i) First R100,000 is free

b) 15% professional fees – Basic sum insured

i) First R100,000 is free

2) Extension (Residential)

a) Rent on Private dwellings is free

Risk AssessmentRisk Impact H/M/L Probability H/M/L1. Changed will be setup incorrectly H LAction Plan to mitigate risks:IAT and UAT will be conducted to ensure changes are correct

Impact AnalysisReports Impacted File Location1. N/A N/AOther Departments Impacted:

Underwriting Underwriters will issue policies with incorrect information, pertaining to cover details

Other Impacts:N/A

Sign Off :

Page 1 of 2

Name Role Signature DateFieez Abbass Senior Manager:

UnderwritingAdrian Baggot Manager: Business

AnalysisGanesh Janagani Manager:

Development Team