Define the Underwriting Rules

The Underwriting tab allows you to configure how underwriting rules are applied to your insurance product, or product items (coverages), by attaching scoring formulas to them. You can also change previous configurations by deleting attached formulas and inserting new ones, if needed.

Based on the Tariff Type previously chosen in the Tariff Configuration section, you can either see the Insurance Product Underwriting grid or the Insurance Product Coverage Underwriting grid, on this tab.

Only one formula can be attached to a specified product, or product item (coverage), at a time.

Add an Insurance Product Underwriting Formula

You must have previously selected the Per Product underwriting type, in the Main Info product tab. This selection makes the Add Insurance Formula Underwriting insert form available in the Underwriting tab. Changing the Underwriting Type option set value, triggers the automatic removal of any formulas previously attached on a product, or coverage.Follow the steps below to add a formula that helps you with scoring:

1. In the Underwriting tab, click Insert. The Add Insurance Formula Underwriting insert form is displayed.

2. Insert a Name for the formula. The Insurance Product field is automatically filled in.

3. In case the Tariff Type is set as Per Coverage, select the Insurance Product Item to which the formula is applied.

4. Select the Context Type for which the formula is applied.

5. Select the formula to be attached for the underwriting calculation.

   

6. Click Save and Reload. The Data Mapping grid is displayed.

7. Click either Map Policy Data or Map Quote&Bind Data, depending on the mapping you need to perform. The Formula Parameter Mapping form is displayed.

8. In the Definition tab, choose a Master Entity from which the system extracts the input keys for the formula.

9. Click Save and Reload.

10. In the Input tab, use the Click to Map buttons, next to each formula input key (in blue), in order to indicate the attribute (belonging to the previously chosen master entity) from which the system will extract the value needed for calculation.
    

    

11. Click Save and Reload.

12. Go to the Output tab, and use the Click to Map buttons, next to each formula output key (in blue), in order to indicate the attribute to which the system will make updates (insert the value obtained) after the calculation.
    

    

13. Click Save and Close. You can now see the attached formula in the Data Mapping grid.

    

14. Click Save and Close. You can see the Insurance Product Underwriting formula in the Underwriting tab.

    

15. Continue to tab 6, Test Calculations.