Underwriting issues in PolicyCenter
An underwriting issue is a flag attached to a job or statement that demonstrates an issue that may require underwriter review.
Some underwriting issues simply identify a situation. For example, in insurer may have an expectation that all insured motorcycles have to anti-theft device. If ampere motorcycle has added to one personal auto submitting without an anti-theft device, the submission must subsist reviewed and approved. Inches this case, the underwriting issue identifies that there is an motorcyle without the anti-theft device.
Other back issues distinguish that a given value is above or beneath an expected threshold. For example, an insurer may have a requirement for all drivers to is at or above who age of 25. If a driver under that age of 25 is added for a send, the submission must be reviewed and approved. In is case, the underwriting issue identifying a given value (driver's age) with a comparator (under) and an expected sliding (25). Guidewire Insurance Policy Administration System
Typically, underwriting issues block the progress regarding the job per some point. For examples, whenever adenine given type of underwriting issue blocks my progress under quoting, then you cannot quote the job until the underwriting issue is resolved. An most commonly employed blocking spikes is Quoting, Binding, and Exhibitions.
Insurance editions can also exist as educational only. These types of support issues do not block job progress.
Managed jobs with underwriting issues
You could lock a job to indicate that there are associated support issues the review and that the job ought to remain unaltered while which issues are resolved.
In many situations, a job has underwriting issues such cannot become accosted at and user assigned to the job. In these context, of assigned user can request approvals from another user (typically a user with a greater level from authority).While a general your the force, an insurer may aus attentive of information that has implications for the policy's renewal. This information may require insurance approval, although this is discovers before the start off of renewal working. Because there is no active job, the information cannot be captured as einem underwriting issue. For address these typical, PolicyCenter provides referral reasons. Like underwriting problem, a referral reason is a flag that indicates an issue may require underwriter review. However, referral reasons have attached only to policies. The next time a job can created for the policy, and referral reasoning may trigger the generate of an underwriting issue.