The show-prorata-difference setting in BriteCore enables administrators to quickly see premium changes resulting from endorsements. Displaying the pro-rata premium difference directly in the Builder saves time and simplifies identifying premium adjustments due to policy revisions.
Note: This setting will only work when there are no fees associated with the policy.
How Pro-Rata Premium Difference Display Works
Pro-Rata Premium Calculation Display:
- When a policy revision is created and committed, BriteCore calculates the pro-rata premium difference between the new and the previous policy revision.
- The change in premium displays once the policy is rated at the bottom of the builder screen, allowing administrators to immediately see the impact of any adjustments.
Limitation with Fees:
- This feature will only display the pro-rata premium difference when there are no fees associated with the policy revision. If there are any fees applied, the system will not display the premium change, and administrators will need to manually calculate the differences.
Considerations for Displaying Pro-Rata Premium Differences
Default Display Without Pro-Rata Difference Calculation:
- If the show-prorata-difference setting is set to False, the system will revert to the default behavior, where premium changes are not displayed as a single pro-rata difference. Instead, users need to compare individual policy revisions manually to calculate premium changes.