Oracle Insurance Insbridge Rating & Underwriting Fundamentals

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Description

This course covers the fundamentals of creating a rating program with RateManager, a component of the Oracle Insurance Insbridge Rating and Underwriting System. Students are introduced to the features and functionality of RateManager, learn how to create and manage program elements, and learn how to create and maintain a basic rating program. Throughout the class, students will perform hands on element creation and at the end of class, create two simple rating programs.

This course is appropriate for students who need to know how to take elements from a rating manual and convert them into an electronic format using RateManager. Students are shown how to implement tables, set up underwriting …

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This course covers the fundamentals of creating a rating program with RateManager, a component of the Oracle Insurance Insbridge Rating and Underwriting System. Students are introduced to the features and functionality of RateManager, learn how to create and manage program elements, and learn how to create and maintain a basic rating program. Throughout the class, students will perform hands on element creation and at the end of class, create two simple rating programs.

This course is appropriate for students who need to know how to take elements from a rating manual and convert them into an electronic format using RateManager. Students are shown how to implement tables, set up underwriting rules, and create calculations to generate premiums. Students also run programs through testing and create program versions.

Learn To:
  • Navigate through RateManager
  • Test a program
  • Create and manage program elements
  • Build a simple program

A Live Virtual Class (LVC) is exclusively for registered students; unregistered individuals may not view an LVC at any time. Registered students must view the class from the country listed in the registration form. Unauthorized recording, copying, or transmission of LVC content may not be made.


Audience
  • Business Analysts
  • Functional Implementer
  • Sales Consultants
  • End Users

Course Topics Going Over the Basics
  • Explaining the RateManager Rating Process
  • Identifying RateManager Features and Functionality
  • Navigating Through RateManager
Utilizing Tabs
  • Utilizing Home tab features
  • Utilizing the Program Explorer tab
  • Identifying Lines of Business
  • Creating and Managing Folders, Programs and Program Versions
  • Utilizing Global Functionality
  • Creating and Managing Categories
  • Utilizing the Program Details tab
  • Creating and Managing Inputs, Result Variables, Table Variables and Table Data
Working with Steps
  • Identifying Step Types
  • Creating and Managing Steps
  • Creating and Managing Calculated Variables, and Algorithms
Sequencing, Output Mapping, and Packaging
  • Identifying a Sequence
  • Creating and Managing a Sequence
  • Identifying an Output Mapping
  • Creating and Managing an Output Mapping
  • Identifying a Package
  • Creating a Package
Testing
  • Identifying the Test Case Editor
  • Creating and Managing a Test Case
  • Running a Test Case
Revisions and Versions
  • Identifying a Revision
  • Identifying a Version
  • Creating and Managing a Revision
  • Creating and Managing a Version
Reports and Notes
  • Utilizing a Report
  • Utilizing a Note
Building a Program
  • Understanding the Program Building Process
  • The Design Phase
  • The Build Phase
  • The Test Phase
Labs
  • Creating a Simple Auto Program
  • Creating a Simple General Liability Program

Course Objectives
  • Demonstrate the process of creating algorithms
  • Explain the purpose of steps and how to use them
  • Demonstrate how to test a program
  • Explain the IBRU system and how RateManager functions within IBRU
  • Describe the additional features in RateManager
  • Construct a program
  • Identify and define program components
  • Identify and define the elements of a program
  • Demonstrate the process of creating inputs and variables

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