Create an insurance product model
Create an insurance product model for an insurance policy that is sold to a customer by using the Insurance claims application. The insurance product model defines the product type, which customers that the policy is for, and the coverage specifications.
Before you begin
Role required: admin
Procedure
Navigate to All > System Definition > Tables.
In the Label column, search for either the personal insurance model or the commercial insurance model.
| Personal insurance model | Search for and select Personal lines insurance product model. |
| Commercial insurance model | Search for and select Commercial lines insurance product model. |
On the Columns tab, in the Label column, search for and select Service Type.
Set the application scope in your instance to Expanded Model and Asset Classes.
On the Choices tab, select New.
On the form, fill in the fields.
Field Description Table Table for either a personal insurance model or a commercial insurance model. You can select personal insurance model for a personal lines insurance product or commercial insurance model for a commercial lines insurance product, Label Display name of the product insurance model. Value Name of the product insurance model in snake case. Select one of the following insurance models to navigate to.
Insurance model Navigation Personal insurance model Navigate to All > Financial Services Operations > Products > Personal Insurance Models. Commercial insurance model Navigate to All > Financial Services Operations > Products > Commercial Insurance Models. Select New.
On the form, fill in the fields.
Field Description Name Name of the insurance product model. Product code Unique identification code for this insurance product. Product type Insurance product type that you created earlier in this procedure. Specification Coverage Specification. For more information, see Coverage specification. Short description Brief description of this product model. Select Submit.