Rating & Premiums

1. What is Charged Premium?▸

Charged Premium represents the premium currently associated with the policy in the uploaded Book of Business.

2. What is Current Premium?▸

Current Premium is the premium calculated using the currently active rate plan / version during What-If execution.

3. What is Proposed Premium?▸

Proposed Premium is the premium calculated after applying the proposed scenario changes.

4. Why can Charged Premium and Current Premium differ?▸

Differences may occur due to:

Existing production deviations
Rate plan changes over time
Manual adjustments
Historical pricing differences
Rating configuration updates

5. What is Premium Delta?▸

Premium Delta represents the difference between Proposed Premium and Current Premium, or between Proposed Premium and Charged Premium, based on configured reporting logic.

6. How is Percentage Impact calculated?▸

Percentage Impact = ((Proposed Premium - Current Premium) / Current Premium) - 100