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Insurance Product Modeling Attributes
Attributes are the building blocks of specifications. They define the details of the data that's included in insurance and health products.
These three examples show coverages in auto, medical, and dental insurance. In Insurance, the orange boxes are modeled as coverage specs. The green boxes are attributes within each coverage spec.
When you're building your product models, you'll create your attributes first. When you add those attributes to specifications, that's when you'll define each attribute's behavior. For example, you specify whether users can input values (or not) and how they do that, give the attributes a range of values users can choose from (or a single value), and choose whether the attributes will be considered in rating the product.
Some common attributes in insurance products are:
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Deductible
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Limit
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Co-pay
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Co-insurance
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Maximum out-of-pocket
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Waiting period
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Exclusion
To learn how to create attributes, see Product Attributes in Product Specs.
