Insurance Rating Rule

Type: Information Object

Status: Planned
Industry Sector: Insurance
Sensitivity Level: Confidential
Personal Information: No PII

Description:
A rule or parameter used to calculate insurance premiums based on coverage, exposure, risk characteristics and underwriting criteria.

Accessed by Application(s):

• Insurance Product & Rating Platform
• Insurance Underwriting Application

 Yes

Attributes

Order	Name	Description	Type	Cardinality	Example value
1	Rating Rule ID	Unique identifier for the rating rule	GUID	Mandatory
2	Product ID	Reference to the insurance product using the rule	Reference	Mandatory
3	Coverage ID	Reference to the coverage affected by the rule	Reference	Optional
4	Approval Status	Governance state of the rating rule	String	Mandatory
5	Rating Factor	Risk or exposure factor used in premium calculation	String	Mandatory
6	Effective Date	Date from which the rating rule applies	Date	Mandatory
7	Approved By	Role or governance body approving the rating rule	Reference	Optional
8	Calculation Method	Formula, table or algorithm used to calculate the premium impact		Mandatory

 Yes
 
 Planned
 No PII
 Confidential
 Insurance
 A rule or parameter used to calculate insurance premiums based on coverage, exposure, risk characteristics and underwriting criteria.

✏️ Edit

"Text" is not in the list (String, Integer, Boolean, Date, Date & Time, GUID, Enumeration, Decimal, Binary, Reference) of allowed values for the "Attribute Type" property.