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Insurance Calculation Method

Insurance Company Products / Calculation Settings / Calculation Methods

The insurance company's product level is the highest level where the user enters the premium calculation method. The method is inherited to lower levels (framework agreement, set) where it can be changed by the user.

At basing method, the system asks if it should copy the method to lower levels. If the user specifies NO, it doesn't base the method on a lower level. When a method is changed, the system asks whether the change should be propagated to lower levels. If the user confirms YES, he/she writes the change, but does not create the method (if it has not been created, it will not add it).

Key levels for specifying the calculation method: insurance company product, framework agreement, set

Key filter by financed object: object category, group, subgroup, object type, make, model line, model, powertrain type filter.

If the key filter is empty, it applies to all options. If specified, it applies only to that key.

Due to the migration of insurance contracts, a field has been added Hidden – the user ticks the boxes for the methods they want to hide. These are methods that will no longer be used. The methods window is filtered - it does not show hidden methods. The user can delete the filter and see the hidden methods as well. The next time you open the window, the system will set the filter again.

Field:

  • Insurance Calculation Method (Calculation Method)

    • The user selects from the options

      • Sum (Sum) – the premium will be entered by the user at the rate by the amount of

      • Percentage (percent) – the premium will be entered by the user at the rate %

      • Manual (Manual)

        • The insurance premium is not known in advance, so it cannot be entered for a rate. The user enters the value only on the insurance contract. In this case, the rate will be blank

        • When validating the insurance rate, the value from the insurance rate is not updated in the insurance contract

  • Calculation Basis Code (Calculation Basic Code)

    • The user enters and then selects the base for the calculation

  • Number of Intervals (Number Of Intervals)

    • Calculated field, displays the number of defined intervals in the Insurance Calculation Intervals table.

  • Hidden (Hidden)

    • The user can mark a base station that they no longer want to use

Baseline Field Description (Insurance Calculation Base)

  • Calculation Order (Calculation Order)

    • The user enters only if the base needs to be entered by a formula. Then, for each member of the formula, enter one row for the same datum code. In this case, the operator also enters. E.g. base VZ1 = PS + 25:

      • VZ1 Order 1 from table 4027100 (insurance contract) field 480 (insurance sum)

      • VZ1 Order 2 Operator "+"

      • VZ1 Rank 3 Constant... 25,00

  • Table No. (Table No.)

    • The user selects one of the tables and the system fills in the name of the table

  • Field No. (Field No.)

    • The user selects a field from the selected table and the system fills in the field name

Insurance Calculation Intervals (Insurance Calculation Interval)

For the calculation base, the user can specify intervals for which different rates apply

image-20240613-104438.png

Field:

  • Unit of Measure Code (Unit Of Measure Code)

    • The user must select a unit of measurement – the meaning of this field is only for registration purposes

  • From Value (From Value)

    • The user enters a lower bound. If this field is empty, the lower bound is not constrained

  • To Value (To Value)

    • The user enters an upper bound. If this field is empty, the upper bound is not limited

  • Valid From (Valid From)

    • The user can limit the validity of the interval in time. Here you specify the lower limit of the time limit.

  • Valid To (Valid To)

    • Upper limit of the time limit

  • Insurance Code (Insurance Code)

    • The user selects a code for the insurance company. It is used to describe the rate for sending reports to the insurance company. They are recorded in a separate Insurance Codes table.

Copy Intervals To Lower Levels

Insurance calculation intervals can be transferred to lower levels using the function. The condition is that there is no insurance contract. E.g. if we want to transfer intervals from RPZ to set, there must be no insurance contract with this RPZ.

The user runs the Copy Intervals function to a lower level on the calculation method:

The system will write intervals for this method only. If there are multiple methods with intervals, the user must execute the function on each of them.

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