Manage Quotes

The Quote Admin solution enables you to securely store and efficiently manage a virtually unlimited number of digital quotes. In FintechOS Portal, you can view the list of all quotes stored in your environment.

Generate Quotes

Quotes are registered in the system once a new quotes are generated running the Quote Generation API or as part of the renewal offer process. Therefore, you can choose one of the options below to generate a quote:

1. Run the Quote Generation API.

2. Run the Renewal Offer Generate Quote API.

View Generated Quotes

There are two ways you can access the list of existing quotes in FintechOS Portal:

1. Click Quote Admin in the main dashboard, and the list is displayed;

2. Go to Main Menu > Quote Admin > Quotes.

   

1. Double-click any quote record to view its components. The quote form opens, displaying the first tab, Main Info, with the following sections:

   • The Quote Details section. The details in this grid are read-only, provided in the Quote Generation API:

     • Quote Number: The unique identifier of the quote record;

     • External Number: The external reference of the quote;

     • Quote Date: The date when the quote takes effect;

     • Quote Expiring Date: The expiration date of the quote. When the current date is greater than the expiring date, the quote transitions to the Expired status;

     • Product Type: The insured product type;

     • Product: The insured product;

     • Policy Validity: The numeric value of the policy validity;

     • Policy Validity Type: The policy validity type: months, days etc;

     • Policy Start Date: The date when the policy takes effect;

     • Policy End Date: The date when the policy effect ends;

     • Renewal: The renewal type for the contract;

     • Mentions: Mentions regarding the quote;

     • Quote Type: The type of the quote.

       

   • The Policy Parties section. The details in this grid are read-only, provided in the Quote Generation API.

     • Insured: The insured party of the quote;

     • Policyholder: The policyholder;

     • Beneficiary: The beneficiary of the insurance;

     • Distributor: The quote distributor.

       

2. Click the second tab, Parties to display the list of all parties involved in the quoted policy.

   

3. Click the third tab, Client Needs and Risk Details. The following sections are displayed:

   • The Client Needs (DNT) section contains the DNT questions and the answers provided by the customer;

     

   • The Insured Object Details section lists data about the object that is insured.

     

4. Click the fourth tab, Underwriting. This section presents the underwriting rules results for each chosen coverage, based on their formulas.

   

5. Click the fifth tab, Offers. This section contains the records of all the quote offers made for the beneficiary, and they can choose to either Accept or Decline them.

   

Accept a Quote Offer and Issue the Policy

There are two possibilities to accept a quote offer:

• In case the decisionType parameter of the Quote Generation API is set as automatic, then you need to accept the quote using the Client Decision API request;

• In case the decisionType parameter of the Quote Generation API is set as manual, then follow the steps below to accept a quote offer:

1. Go to the Offers tab of a quote record in Offer Submitted status, and click Accept on the quote offer record. The status of the quote transitions to Accepted.

   

2. Go to the new tab, Payment Details. Choose the Payment Type and enter the necessary details.

   

3. Click Validate. The invoice and the mandate details are generated, and displayed in the newly unfolded Invoice details and Mandate details sections of the tab.

   

4. Go to tab 7, Policy. Inspect the basic details of the policy to be generated, choose a Begin Date for the it, and click Issue Policy. The quote transitions to the Policy Issued status.

   

5. Click Save and close.

6. Go to Main Menu > Policy Admin > Policies, and open the record of the newly issued policy, to inspect it.