A product catalogue built on the classes you are licensed for
Products And Rating
The foundation holds the catalogue both insurance apps sell from. Fifty-seven lines of business ship as data, from motor and fire to engineering, liability, marine, bonds, agriculture, medical and life, each with its sector, risk family, earning method and commission cap. On them you build products: coverages with limits, deductibles and rating bases, proposal questions, required documents, wording and the statutory levies each product carries, in versions that go on sale on a date. Rating tables price them on up to three axes, and a rate change is a new version of the table: activating it supersedes the version in force and closes it on that date.
Lines of business
The 57 classes that ship with the module, each with its sector, risk family, earning method and commission cap.
An insurance product
Motor Private Comprehensive, version 2: its class, sale dates and coverages with their limits, deductibles and rating bases.
A rating table
Up to three axes, each with its label, source and kind, for one line of business, in force from a date and replaced by a new version.
A short-rate scale
What the insurer keeps when the insured cancels early, band by band, with a minimum it always retains.