Policy Lifecycle Processes

Available in: Lightning Experience

Available in: Professional, Enterprise, and Unlimited Editions where Financial Service Cloud and Insurance Brokerage are enabled

Watch this video to learn how to manage the policy lifecycle in Insurance Brokerage.

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The InsBrokeragePolicyContext context definition is a standard context definition used to retrieve and manage policy data for Insurance Brokerage policy operations and services. This context definition is shipped out of the box and includes default fields for each action. You can update these fields to display or extend this definition according to your business requirements.

Action	Fields
Renew	Name, Name Insured, Writing Carrier Account, Status, Effective From Date, Billing Carrier Account, Effective To Date, Actual Renewal Date, Line Of Business, Line Of Coverage, Premium Frequency, Renewed Policy, Underwriting Entity
Endorse	Name, NameInsured, Writing Carrier Account, Status, Effective From Date, Billing Carrier Account, Effective To Date, Actual Renewal Date, Line Of Business, Line Of Coverage, Premium Frequency, Underwriting Entity
Repurpose	Name, NameInsured, Writing Carrier Account, Status, Effective From Date, Billing Carrier Account, Effective To Date, Actual Renewal Date, Line Of Business, Line Of Coverage, Premium Frequency, Underwriting Entity

• Create Custom Context Definition and Mapping
  Customise the InsBrokeragePolicyContext context definition to meet your business requirements.
• Manage Policy Lifecycle Processes
  Use the policy lifecycle actions to renew, endorse, repurpose, or cancel a policy with minimal data entry.