Is there a way to use IF New Business or IF Renewal in the Matrix

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    Natalie Williams

    Hi Jon

    The new multiple rating matrix does exactly this, you can have a separate matrix for new business, MTAs and renewals.

    We have used this for a few schemes and it is pretty good.

    Hope that helps.

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    Jon Collis

    Hi Natalie,

     

    I'm using that but the new business and renewals have different claims loadings, so the problem I have it when there is an MTA on a renewal it would get a different loading to an MTA on a New Business. I think I need an IF in the matrix so the MTA rating can decide to use the NB or the Renewal loadings.

     

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    Chris

    Hi there,

    I've been informed that currently there is no way to differentiate between a New Business, Renewals and MTA's in the rating matrix.

    Kind regards,
    Chris

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    Natalie Williams

    Hi Chris

    Just thinking out loud... is it also not possible to check the original policy inception date?  If that is possible you could check that IF the original inception (first premium) date is greater than 1 year then treat the case as a renewal ?  I dare say you thought of this but worth double checking.

     

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