Advanced Ratings: Using Formulae

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If you wish to make your ratings more dynamic then it's OK to use formulae in your rating files.

We've provided a couple of example formulae here:

Answer:Q3, Formula:[Q1_Cover]+[Q2_Cover], SetCover:Q4 Yes, 1000-999999, [Q4_Cover]*0.2

This formula changes the rating for Q4_Cover based on a positive answer to Q3 and the results of the Formula

SetCover:Days ([DateEnd_DateValue]-[DateStart_DateValue]).Days

This formula calculates the number of days between any two given dates.

You can use any of the conditional statements and functions in a formula and it's important to pay attention to rounding values too.

See Also:

  1. Introduction to Rates in SchemeServe
  2. Uploading SchemeServe Rating Files
  3. Downloading SchemeServe Rating Files
  4. Flat Rating: Building Your First SchemeServe Rating File
  5. Rating Modifiers: What they are and when to use them
  6. Multi-Step Ratings: Using Multiple Sections in Rating Files
  7. Advanced Ratings: Using Formulae
  8. Advanced Ratings: Conditional Statements and Functions
  9. Advanced Ratings: Rounding Values
  10. Master Rating: Using Tables and Row Lookup Loops
  11. Example Ratings for Specific Insurance Types (Life and Public Liability)
  12. Conditions for Rating Files
  13. Actions for Rating Files
  14. Mathematical Helper Functions for Ratings Files
  15. Rating Agents: Tips and Tricks