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Function documentationSimulation of a Claim Redemption

 

The system simulates the effects of a limited number of onerous actual or simulated claims. To do so, it compares the premium progression of the no-claims and claimed history.

Prerequisites

  • You have started the FS-PM business process Inquiry.

  • You have selected the contract or coverage about which information is to be provided.

Activities

  1. Start the Calculate Claim Redemption business transaction.

  2. The system displays all the claims in the system that have not been rated by the effective date of the Inquiry business process. You can add additional claims to the simulation or ignore existing claims in the simulation.

  3. Choose the Calculate (Calculate) pushbutton.

  4. The system uses the product engine to calculate the bonus-malus history using the actual claims and the bonus-malus history using the simulated claims.

  5. The system displays the result of the calculation in a table. You can trigger the correspondence.

  6. Complete the business transaction and release the business process.

  7. The system schedules the correspondence.