Rating Modifiers: What they are and when to use them

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Introduction

This area of SchemeServe is more complex than most others. In order for you to make the most out of using our Help Guide for developing your own rates, it would be best if you read all the parts of this guide in order. To help you with this they are listed in numerical order in the “See Also” section of each page. You can click on a link to take you to section 1 and then move through logically at your own pace.


All Answers have the following columns: Value, Rate, Modifier and Result.


Column Used Data Type Returned Rounding Default Value Available in Rating Available in Docs Comments

_Value

Value Text 2DP 0 Tick.jpg Tick.jpg Text representation of the answer e.g "Yes"

_DateValue

Value Date N/A Blank Tick.jpg Tick.jpg Date representation of the answer e.g 2000-01-01

_Cover

Value Decimal 2DP 0 Tick.jpg Tick.jpg Numeric representation of the answer e.g 100.00 or 0 if the answer is something like "Yes"

_CoverBefore

Value Decimal 2DP 0 Tick.jpg Tick.jpg As per _Cover but for the previous record

_Rate

Rate Decimal 4DP NULL Tick.jpg Tick.jpg The numeric percentage rate for the answer (if present)

_Result

Result Decimal 2DP 0 Tick.jpg Tick.jpg The calculated result (Cover * Rate / 100) or the flat fee for the answer

_ResultBefore

Result Text 2DP Blank Tick.jpg Tick.jpg As per _Result but for the previous record

_Fee

Result Decimal 2DP 0 Tick.jpg Tick.jpg See _Result (this is the exact same field)

_Current

Value Decimal 2DP 0 Tick.jpg Docs only: Only affects MTA's - shows the current result difference

_Future

Value Decimal 2DP 0 Tick.jpg Docs only: Gets the sum of the previous year's differences (Original record + all MTA's)

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