Insurance Parameters
The Service Insurance solution contains a number of Parameters that, aside from the Flow Processors settings, also take a role in shaping the major behaviors executed by different FintechOS insurance modules - for example Policy Administration, Billing and Collection, Claims Management.
Consequently, in order to answer your specific business needs, you use Service Insurance to change the values of the parameters managed by it and propagate your change into the behavior of your specific insurance module.
In order to do so, follow the instructions from below.
Insurance Parameters
The following is the list of approved parameters, used by different insurance solutions:
Parameter Code |
Parameter Name |
Type |
Value |
---|---|---|---|
BKPYMALC | Broker Payment Allocation Criteria | OptionSet | |
BKSCOPE | Broker Billing Statement Scope | OptionSet | |
BKSGD | Broker Billing Statement Generation | OptionSet | |
BKSTTG | Statement Paid Status Trigger | OptionSet | |
BKWO | Broker WO | OptionSet | |
DAUDD | Days after unpaid due date | Integer | 5 |
DBEGP | DaysBeforeExpirationGracePeriod | Integer | 5 |
DBS | Days Before Suspended | Integer | 5 |
DBUKMA | DaysBeforeUKMandatesActivation | Integer | 0 |
FWLD | Free Withdrawal Limit Date | Integer | 14 |
IPT | Insurance Taxe | Integer | 3 |
MLP | Major Loss | Collection | |
MTN | maturityNotification | Integer | 5 |
NDBR | No of days before renewal | Integer | 5 |
NDFI | NoOfDaysFollowUpInvoice | Integer | 3 |
PAIDPYMT | PAID Payment Config | Collection | |
PRDAY | No. of Days before Return | Integer | 30 |
PRT | Prorata type | OptionSet | |
PWDAY | Policy automatically Withdraw | Integer | 15 |
SGDAY | No. of Days in Advance | Integer | 10 |
WO |
Write Off |
Collection |
|
Insurance System Parameters
The Service Insurance system parameters are not to be confused with the FintechOS system parameters, stored in the systemparameter and systemParameterOnPortalProfile entities.
Here's the list of system parameters used by Service Insurance, along with their description:
Name | Description | Values |
---|---|---|
BillingUsed | Used to determine if an installment has a statement; also to decide if the status of the installment should be changed. | True - Billing & Collection asset installed and used on environment. False - Billing & Collection asset not used on environment. |
ClaimUsed | Used to determine if in the cancellation flow there is a need to count the number of claims on the policy or not. | True - Claim asset installed and used on environment.
False - Claim asset not used on environment. |
GLUsed | Used to determine if the General Ledger (GL) entries should be generated or not. | True - GL asset installed and used on environment.
False - GL asset not used on environment. |