Insurance Policy

Type: Information Object

Status: Planned
Industry Sector: Insurance
Sensitivity Level: Confidential
Personal Information: Sensitive PII

Description:
A contract defining insured parties, covered risks, terms, premiums and obligations.

Accessed by Application(s):

• Actuarial Reserving Platform
• Claims Management System
• Exposure Management Platform
• Farm Management System
• Insurance Underwriting Application
• Policy Administration System
• Policyholder Service Platform
• Premium Billing Application
• Risk Engineering Platform

 Yes

Attributes

Order	Name	Description	Type	Cardinality	Example value
1	Policy ID	Unique identifier for the insurance policy	GUID	Mandatory
2	Policy Number	Human-readable policy reference number	String	Mandatory
3	Policyholder ID	Reference to the policyholder customer record	Reference	Mandatory
4	Product ID	Reference to the insurance product this policy is based on	Reference	Mandatory
5	Status	Current lifecycle status of the policy	Enumeration	Mandatory	Active
6	Annual Premium	Total annual premium payable for the policy	Decimal	Mandatory
7	Effective Date	Date from which the policy is in force	Date	Mandatory
8	Expiry Date	Date on which the policy expires	Date	Mandatory
9	Renewal Date	Date on which the policy is due for renewal	Date	Optional
10	Currency	Currency of the premium and sum insured	Enumeration	Mandatory	EUR
11	Distribution Channel	Channel through which the policy was sold	Enumeration	Optional	Direct

 Yes
 
 Planned
 Sensitive PII
 Confidential
 Insurance
 A contract defining insured parties, covered risks, terms, premiums and obligations.

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