Stop fees carrying over to Adjustments

27 January 2012 11:06

Currently when an adjustment quote is created all rates and fees are carried over. This is great for rates but carrying fees over means that there is a premium applied without any change to the sums insured. This applies to fees charged on sums insured and discounts or loads given on a flat rate basis.

For Example: An original premium is calculated at £200 and a £300 Minimum net load is added making the total premium £500. When an adjustment quote is requested the £300 minimum net load is carried over making the adjustment £300. I would not expect this load to be carried over to Adjustments as it is designed to increast the basic premium to a minimum amount not load each transaction.

Comments / suggestions on how this affects others and any solutions found would be most welcome.

Mark

Comments

9 comments

graham argyle 27 January 2012 11:18

Agree - fee should no carry over - however will the system reduce or increase the "fee" for the following renewal

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Jon Collis 27 January 2012 11:45

I agree

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Permanently deleted user 27 January 2012 11:51

plus 1

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Mark Williams 27 January 2012 12:02

I feel that renewals should either be re-rated (using the new renewal matrix) or have the original fees applied.

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Permanently deleted user 27 January 2012 12:23

i also agree as discounts or loads may apply for the forth comming year, fees should carry over to the renewal only

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Natalie Williams 04 April 2012 14:00

This is causing some problem now and will only escalate.

Urgently needed.

Thank you

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Mark Williams 07 May 2013 15:28

Hi Guys, can you give us an update on this one?

Cheers.

Mark

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Adam Bishop 24 May 2013 07:50

This is planned but we can't give any exact dates for roll-out.

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Mark Williams 12 July 2013 09:08

Any news on this one?

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