A new option has been added for calculated fields, allowing the reduction of unnecessary processing. There are many events in the system that cause calculated fields to be re-evaluated. This setting controls whether the calculated field is always evaluated, or only when necessary.
The Always Calculate checkbox has been added to the Business Rules panel in the Field Management page, and is available when the Calculated option is checked. If checked, the field will be recalculated each time the system performs a calculation pass. If unchecked, the field will only be calculated when it is required for another calculation.
This feature can be used in conjunction with the Field Evaluation Rules to have a field only evaluate under specific conditions.
− For details on configuring fields, see the Managing Fields section.
Two new events have been added to the Field Evaluation Rules feature.
•Create Policy evaluates the fields on creation of a New Business policy submission.
•Delete Grid Row evaluates the fields when a row is deleted from any of the selected grids. The Selected Grids field has been added to choose which grids initiate the rule.
− For information on configuring rules, see the Field Evaluation Rules section.
Regional language labels can now be applied to individual option list entries for option lists of Type: Static and Resource Type: Custom.
When list items are created or modified, the appropriate entries for the language file are created or updated. The entries can be found in the language file with the following Resource Key.
•Label_OptionListItem_ListCode_ItemCode
Where ListCode is the Code of the list, and ItemCode is the Code of the option list item.
To assist with using this feature, the Code field has been added to the Option List Management page. While codes already exist for all option lists, the code rules have changed slightly. If an invalid or duplicate code is detected on re-saving an existing list, the code will be updated. For this reason, it is recommended to re-save an existing list before modifying the language file entry.
Note: While changes to option lists will usually only appear in the workflow once it has been republished, the associated changes to the language file may appear in the workflow if certain internal systems are reset, even without publishing the workflow.
− For details on managing language configurations, see the Custom Labels section.
When preparing quotes, checking the premium for different configurations required repeatedly changing settings and re-calculating quotes. The new Quote Versions feature allows the preparation of a single quote, which can then be duplicated and modified as variations of the original. Each quote version is a distinct transaction, subject to quoting and referral, but when one version is bound the other versions are set to Lost (except those that have already been Declined).
This new feature is enabled in the Master Cover - Policy Settings page. The new Allow Quote Versions checkbox has been added to the Miscellaneous Settings panel.
Once enabled, the Create Quote Version option is available in the Actions widget for New Business and Renewal transactions, until one version has been Bound or all versions have been Declined. In addition, a Client must be selected, and the client cannot be changed once additional quote versions have been created. When creating a new quote version, a Version Number is automatically assigned, and a Version Name must be provided.
To view the quote versions, the new Quote Versions list window is available from the Common Screens widget for New Business and Renewal transactions. The list shows all versions of the current transaction, with premium displayed once quotes have been generated. This list can be used to navigate between versions, or create new versions. Versions are also displayed in the Policy Transactions list.
A new Quote Version panel has been added to the Policy Information window. This panel displays the Version Number and Version Name. The Version Name can be edited until the version is Bound, Declined, or Lost.
Changing the Effective Date or Valid Until date for a Quote Version affects all associated versions, and resets Quoted, Underwriting Required, and Referred versions to Incomplete.
When one quote version is Bound, all other versions are set to Lost (except those that have already been Declined). Unlike transactions that are set to Lost manually or by expiry settings, lost quote versions cannot be restored.
The ability to create quote versions requires the standard rights for creating new submissions and renewal transactions.
As an enhancement to the Void feature introduced in version 2.4.78, voided transactions can now be replaced. This creates a duplicate of the original voided transaction, which can be quoted and bound.
The Replace option is available in the Actions widget when viewing a voided transaction. This creates a new transaction of the same type as the original, duplicates all information from the original (not including attached files, generated documents, and e-mails), and opens the new transaction in Incomplete status. The new transaction may be given a new Endorsement No or Adjustment No if the original number has been assigned to another transaction.
The Correction Type field in the Policy Information window displays Replacement, and the Source Transaction ID field includes a link to the original voided transaction.
Only one replacement can exist for a single voided transaction.
The ability to create replacement transactions is controlled by the new ReplacePolicyTransaction security right. This right is not included in any default security roles, but will be automatically added to any existing roles that include the VoidPolicyTransaction right.
In order to avoid having to re-enter large amounts of repetitive data in grids, an existing row can now be copied.
When configuring grids, two new options are available in the Grid Settings panel. Show Copy Button makes the copy button available to initiate a copy from rows within the current grid. Copy With Parent causes rows from the current grid to be copied when their associated row in the parent grid is copied.
If the Show Copy Button option is checked, the Copy button becomes available in the grid detail window or tab workflow. Copying a row creates a new row within the current grid, with all fields in the grid being duplicated, reset to default, or changed to match a source field, according to the Initial Value On Copy setting for each field. Any associated rows within child grids are also copied if the Copy With Parent option is checked for those grids, and will cascade down through multiple grids. The new rows are automatically saved, and the new row for the current grid is opened immediately for editing.
The Copy button is available once the record has been saved for the first time, but the copy will not include unsaved changes. Since the new record is opened immediately, any unsaved changes are lost.
Access to the Copy button, if enabled, requires either of the EditPolicy or EditSubmission security rights.
− For details on working with grids, see the Grids in the Submission Form section.
The Quote Report is used to view the calculations and conditions involved in calculating a selected quote. This feature has been redesigned to provide greater detail in a structured tree-view.
The Calculated Fields and Trigger Report panels have been removed. In their place, the new Calculation Trace View panel provides a branching list of fields, calculations, functions, and triggers. Each entry includes an icon to identify the type of calculation component, and hovering the mouse pointer over an entry displays additional information in a tooltip.
− For details on using the quote report, see the Generating Quote Reports section.
Some changes have been made to the Claim Financial Summary report.
In the Financial Summary panel:
•The Financial Summary panel has been moved to the top of the window, and is now arranged in two columns.
•The Total Indemnity and Expense Payments and Total Salvage and Recovery Payments fields have been removed.
•A new Projected Net Incurred field has been added. This field displays the total projected cost, calculated from the Net Incurred plus the Current Reserve and minus the Current Estimate.
In the Indemnity and Expense panel:
•The Total Payment and Total Projected Liability columns have been renamed to Paid Losses and Incurred Losses, respectively. The calculations in these columns have not changed.
•Totals have been added to the Original Reserve and Current Reserve columns.
In the Salvage and Recovery panel:
•The Total Payment and Total Projected Salvage and Recovery columns have been renamed to Recoveries and Projected Recoveries, respectively. The calculations in these columns have not changed.
•Totals have been added to the Original Estimate and Current Estimate columns.
− For details, see the Viewing the Claim Financial Summary Report section.
When a cash receipt needs to be reversed, it may be due to "Overdraft" or "Non-Sufficient Funds" that can result in fees from the bank. A new feature has been added allowing fee adjustments to be created automatically when a specific type of reversal is created.
One fee can be set for each bank configuration. The new Automatic Reversal Fee panel has been added to the Bank Account window in Billing Configuration. The fee is enabled with a checkbox, and the remaining settings can be provided. This includes the correction reason that will trigger the fee, the flat amount of the fee, and the adjustment type that will be applied to the adjustment record.
− For details on configuring bank accounts, see the Managing Bank Accounts section.