Refine Processes with Rating Procedures for Multi-Level Products

Create accurate quoting and rating processes with Rating Procedures at the parent, child, and grandchild insured item levels. Use simplified rating sets to rate coverages and insured items at a more granular level. Rating Procedures use Calculation Matrices, Calculation Procedures, Integration Procedures, and a variety of coverage specs and attributes.

Where: This change applies to Lightning Experience in Professional, Enterprise, and Unlimited editions with the Insurance Industries managed package.

Why: Setting up Rating Procedures at every insured item level (parent, child, and grandchild) helps you offer your customers the most accurate and competitive price for their coverage. So your customers pay for exactly the coverage they need and nothing else.