Demo Formulas
The Demo Formulas are offered by FintechOS so that you don't start the creation of your own insurance formulas from scratch. The following formulas are included in the Import Formulas optional digital asset:
Formula 1  Bankassurance_UW_Formula_Final
The following are the steps used for peril scoring:
Name  Exclude From Mapping  Master Type  SubType  CalculationType  Exection Order 

ruleInsuredAmount  FALSE  Simple Type  Text  Normal  1 
ruleSeismicZone  FALSE  Simple Type  Text  Normal  2 
uwDecision  FALSE  Simple Type  Text  Normal  3 
The following are the arguments used as input for the Bankassurance_UW_Formula_Final calculations: insuredAmount
and seismicZone
.
The following data sets are used for calculations:
Data Set Name 
Data Set Display Name 
Data Set Discriminants 
Data Set Values 

BA_UW_SeismicZone  Bankassurance UW Seismic Zone  SeismicZone  BA_UW_SeismicZone 
BA_UW_InsuredAmount  Bankassurance_UW_InsuredAmount  InsuredAmount  BA_UW_InsuredAmount 
BA_UW_Surrender  Bankassurance UW Surrender  hasSurrender  BA_UW_Surrender 
Formula 2  EmbededBankAssurancePremiumAmountFormula
The following are the steps used for premium calculation, with this formula:
Name  Exclude From Mapping  Master Type  SubType  CalculationType  Exection Order 

risksCalculatedPrices  FALSE  Collection  Whole Number  Iteration  1 
baseQuotation  FALSE  Simple Type  Decimal  Normal  2 
premiumAmount  FALSE  Simple Type  Decimal  Normal  3 
The following are the arguments used as input for the formula calculations: propertyConstructionYear
, propertyInsuredAmount
, and risks
.
The following data sets are used for calculations:
Data Set Name 
Data Set Display Name 
Data Set Discriminants 
Data Set Values 

BankAssurance_RisksPrices  BankAssurance Risks Prices  ConstructionYear; RiskName  BankAssurance_RisksPrices 
Formula 3  HomeServiceBankAssurancePremiumAmountFormula
The following are the steps used for premium calculation, with this formula:
Name  Exclude From Mapping  Master Type  SubType  CalculationType  Exection Order 

coefHomeAssistancePrice  FALSE  Simple Type  Decimal  Normal  1 
premiumAmount  FALSE  Simple Type  Decimal  Normal  2 
The following are the arguments used as input for the formula calculations: buildingInsuredAmount
and constructionYear
.
The following data sets are used for calculations:
Data Set Name 
Data Set Display Name 
Data Set Discriminants 
Data Set Values 

BA_HomeService_Prices  Bankassurance Home Service Prices  ConstructionYear  BA_HomeService_Prices 
Formula 4  PA_Final_Premium
The following are the steps used for premium calculation:
Name  Exclude From Mapping  Master Type  SubType  CalculationType  Exection Order 

BaseRate  FALSE  Simple Type  Decimal  Normal  1 
CoefFrequency  FALSE  Simple Type  Decimal  Normal  2 
CoefAge  FALSE  Simple Type  Decimal  Normal  3 
CoefAmountInsuredItem  FALSE  Simple Type  Decimal  Normal  4 
ItemPremiumAmount  FALSE  Simple Type  Decimal  Normal  5 
The following are the arguments used as input for the PA_Final_Premium calculations: age
, coverage
, frequency
and sumInsured
.
The following data sets are used for calculations:
Data Set Name 
Data Set Display Name 
Data Set Discriminants 
Data Set Values 

PA_Age  PA_Age  Age

Age 
PA_AmountInsuredItem  Amount Insured Item  AmountInsured ; Coverage 
AmountInsuredItem 
PA_Base_Rate  PA_Base_Rate  Coverage

PA_Base_Rate 
PA_Frequency  PA_Frequency  Frequency

PA_Frequency 
Formula 5  PropertyFormula
The following are the steps used for premium calculation.
Name  Exclude From Mapping  Master Type  SubType  CalculationType  Exection Order 

BaseRate  FALSE  Simple Type  Decimal  Normal  1 
CoefFrequency  FALSE  Simple Type  Decimal  Normal  2 
CoefAge  FALSE  Simple Type  Decimal  Normal  3 
CoefAmountInsuredItem  FALSE  Simple Type  Decimal  Normal  4 
ItemPremiumAmount  FALSE  Simple Type  Decimal  Normal  5 
The following are the arguments used as input for the PA_Final_Premium calculations: age
, coverage
, frequency
and sumInsured
.
The following data sets are used for calculations:
Data Set Name 
Data Set Display Name 
Data Set Discriminants 
Data Set Values 

HH_BaseRate  HH_BaseRate  Coverage  HH_BaseRate 
HH_BuidingSumInsured  HH_BuidingSumInsured  Coverage; InsuredAmount  HH_BuidingSumInsured 
HH_BuildingType  HH_BuildingType  BuildingType; Coverage  HH_BuildingType 
HH_Construction_Year  Construction Year  Construction Year; Coverage  HH_Construction_Year 
HH_Frequency  HH_Frequency  Frequency  Frequency 
HH_ResistanceStructure  HH_ResistanceStructure  Coverage; Resistance Structure  HH_ResistanceStructure 
HH_UsageType  Usage Type  Coverage; Usage Type  HH_UsageType 
Formula 6  PropertyFormula_UW
The following are the steps used for premium calculation.
Name  Exclude From Mapping  Master Type  SubType  CalculationType  Exection Order 

BaseRate  FALSE  Simple Type  Decimal  Normal  1 
CoefFrequency  FALSE  Simple Type  Decimal  Normal  2 
CoefAge  FALSE  Simple Type  Decimal  Normal  3 
CoefAmountInsuredItem  FALSE  Simple Type  Decimal  Normal  4 
ItemPremiumAmount  FALSE  Simple Type  Decimal  Normal  5 
The following are the arguments used as input for the PA_Final_Premium calculations: age
, coverage
, frequency
and sumInsured
.
The following data sets are used for calculations:
Data Set Name 
Data Set Display Name 
Data Set Discriminants 
Data Set Values 

HH_UW_BuildingSumInsured  HH_UW_BuildingSumInsured  Coverage; InsuredAmount  HH_UW_BuildingSumInsured 
HH_UW_ConstructionYear  HH_UW_ConstructionYear  ConstructionYear  HH_UW_ConstructionYear 
HH_UW_ResistanceStructure  HH_UW_ResistanceStructure  ResistanceStructure  HH_UW_ResistanceStructure 
HH_UW_UsageType  HH_UW_UsageType  UsageType  HH_UW_UsageType 