Quote Admin Configurations

Using Insurance Product Factory, you can configure your insurance product in a way that determines when a master quote is used, what tariff type and what underwriting logic is applied. You can make these configurations in the Main Info tab of your insurance product record, or when creating a new one.

In the Quote Admin section of the Main Info tab, you have the option to make the following settings:

• Issue Master Quote:

  • Unchecked: If you don't check this box, then Quote Admin issues only single quotes.

  • Checked: Check this box for Quote Admin to automatically generate a master quote for all the generated quotes. Subsequently, the following fields become available:

    • Fixed Tariff: Check this box if you want to have the same tariff applied to all quotes, including the master quote. If you check this setting, then:

      • The Get Available Cards API calculates the premium for each card when the demands and needs test (DNT) answers are known (received through the API);

      • Each quote take over the premiums determined for the master quote for each of their cards. If a selected card exists, then one offer is added per quote and becomes Accepted by default. Otherwise, one offer for each of the available cards is added at each quote level.

    • Bypass UW: If you check this field, then the Underwriting formula does not run, and all quotes are Passed by default.