Impact Assessments

An Impact Assessment is a system-generated report that summarizes how existing transactions would differ if they were created under the newest version of their master cover. When the impact assessment runs, a user-defined list of policy terms have their transactions copied by the system. Each of these transaction copies then undergoes the Get Quote and Bind process as defined by the most recently published version of the master cover. The system will then analyze all the differences between each original transaction and its copy. The results of this analysis are then displayed on the Impact Assessment Results page.

	Notes:
	The system analyzes only the following transaction types: New Business, Endorsement, Renewal and Adjustment.
	The system ignores any master cover settings that specify rules for copying transactions. This ensures that all values in the copied transaction are identical to those in the original.

Creating an Impact Assessment

1. In the main menu, select Product Design, then select Impact Assessment. The Impact Assessment List page opens.

2. Click Start New. The Impact Assessment Request page opens.

3. Complete the necessary information. Fields marked with a red asterisk * are required.

The General Information panel is used to create a query that will return a list of policy terms for a specified master cover. The policies whose transactions will be summarized in the impact assessment can then be chosen from the list.

Name	Enter a name for the impact assessment.
Description	Enter a description for the impact assessment.
Master Cover	Select the master cover whose transactions will be analyzed by the impact assessment.
Term Effective Date	All policies whose Term Effective Date falls within this range are returned by the query. If no dates are specified, all policies for the selected Master Cover are returned.

Note: For any Impact Assessment Request, this panel is only available before the user presses the Start button. Once the button is pressed, information about the impact assessment will be available in a row in the grid on the Impact Assessment List page. Within the grid, the impact assessment request’s Name will appear in the Name column, and its master cover will appear in the Product column.

4. Click Search. A list of available policy terms is displayed.

Some columns have been hidden.

5. In the first column, check the box for each policy term to be included in the impact assessment.

6. Click Start to submit the impact assessment request to the system and return to the Impact Assessment List page, or click Close to cancel the impact assessment request.

Once the impact assessment request has been submitted, its progress can be viewed on the Impact Assessment List page. For information on viewing an impact assessment, see the Viewing an Impact Assessment section.

	Notes:
	The impact assessment process may take an extended period of time, depending on the number of transactions to be analyzed. After submitting the request and returning to the Impact Assessment List page, you can continue using Bridge normally until the impact assessment is complete.
	Partial results become available as policy terms are processed. Viewing the Impact Assessment displays all results available at the time.

Viewing an Impact Assessment

1. In the main menu, select Product Design, then Impact Assessment. The Impact Assessment List page opens.

Name	Displays the name of the impact assessment.
Product	Displays the Master Cover selected for the impact assessment.
Status	Displays the status of the impact assessment.
Description	Displays the description of the impact assessment.
Started On	Displays the date and time the processing was started.
Completed On	Displays the date and time the processing was completed.
Progress	Displays the number of selected transactions that have been processed.
Submitted By	Displays the e-mail address of the user that submitted the impact assessment request.

2. Click on the hyperlink in the Name column for the impact assessment that you want to view.

3. The Impact Assessment Results page opens, and the Request Summary widget appears on the left side of the screen.

Name	Displays the name of the impact assessment.
Product	Displays the Master Cover of the transactions that were analyzed by the impact assessment.
Submitted By	Displays the e-mail address of the user that submitted the impact assessment request.
Status	Displays the status of the impact assessment:
• Scheduled	The impact assessment request has been submitted, but the system has not yet begun processing the request.
• In Progress	The system is currently processing the request.
• Completed	The system has completed the impact assessment.
• Completed With Errors	The system has completed the impact assessment but errors have occurred.
Progress	Displays the number of analyzed policy terms out of all terms that make up the impact assessment.
Has Variances	Displays Yes if there was a difference between any original transaction and its corresponding copy. A difference is defined by the system as any combination of one or more of the following:
	• Any original and its copied transaction have a different transaction status. • There is a difference of twenty cents or more between the Premium Amount value and the Premium Amount Copy value for any transaction. • There is a difference of twenty cents or more between the Tax Amount value and the Tax Amount Copy value for any transaction. • There is a difference of twenty cents or more between the Commission Amount value and the Commission Amount Copy value for any transaction.
	Displays No if none of the above conditions are met, or if the system encounters an error while analyzing any row.
	Note: The use of twenty cents as a limit for defining a difference is to account for small differences that may exist across systems for how numbers are formatted and stored. This includes rules relating to rounding precision and the effects of currency conversions, etc.

4. The Impact Assessment Results page displays the entire impact assessment report.

Some columns have been hidden.

Transaction ID	Displays the original transaction’s id.
Transaction Type	Displays the original transaction’s type.
Policy Number	Displays the original transaction’s policy number.
Execution Status	Displays whether or not the system was able to complete the assessment of the current transaction. Values can be Success or Failed.
Execution Status Details	Displays an error list if the Execution Status for the transaction is showing Failed. This field is empty when the Execution Status for the transaction is showing Success.
Premium Change (amount)	Displays the difference in total premium between the original transaction and the copied transaction.
Premium Change (%)	Displays the percent change in total premium between the original transaction and the copied transaction.
Taxes Change (amount)	Displays the difference in total tax between the original transaction and the copied transaction.
Taxes Change (%)	Displays the percent change in total tax between the original transaction and the copied transaction.
Commission Change (amount)	Displays the difference in total commission between the original transaction and the copied transaction.
Commission Change (%)	Displays the percent change in total commission between the original transaction and the copied transaction.
Currency	Displays the original transaction’s currency.
Duration	Displays the number of seconds the system took to process the transaction.
Has Variances	Displays True if there is a difference between the original transaction and the copied transaction. A difference is defined by the system as any one of the following: • The original and copied transactions have a different transaction status. • There is a difference of twenty cents or more between the Premium Amount value and the Premium Amount Copy value. • There is a difference of twenty cents or more between the Tax Amount value and the Tax Amount Copy value. • There is a difference of twenty cents or more between the Commission Amount value and the Commission Amount Copy value.
	Displays False if none of the above conditions are met or the system encounters an error when analyzing the row.
Event Tracking	This column is hidden by default. Click the link to open a new browser tab containing the Event Tracking details for the original transaction. Note that the Event Tracking option is not functional within a custom portal.
Event Tracking Copy	This column is hidden by default. Click the link to open a new browser tab containing the Event Tracking details for the copied transaction. Note that the Event Tracking option is not functional within a custom portal.
Transaction Status	This column is hidden by default. Displays the status of the original transaction.
Transaction Status Details	This column is hidden by default. Click the link to open a new browser tab containing an XML-formatted list of validation errors and referrals that were triggered in the original transaction.
Transaction Status Copy	This column is hidden by default. Displays the status of the copied transaction.
Transaction Status Details Copy	This column is hidden by default. Click the link to open a new browser tab containing an XML-formatted list of validation errors and referrals that were triggered in the copied transaction.
Sequence Number	This column is hidden by default. Displays the Endorsement Number or Adjustment Number.
Effective Date	This column is hidden by default. Displays the original transaction’s effective date.
Premium Amount	This column is hidden by default. Displays the original transaction’s total premium.
Tax Amount	This column is hidden by default. Displays the original transaction’s total tax.
Commission Amount	This column is hidden by default. Displays the original transaction’s total commission.
Premium Amount Copy	This column is hidden by default. Displays the copied transaction’s total premium.
Tax Amount Copy	This column is hidden by default. Displays the copied transaction’s total tax.
Commission Amount Copy	This column is hidden by default. Displays the copied transaction’s total commission.
Policy Payload	This column is hidden by default. Click the link to open a new browser tab containing an XML-formatted list of the data from the original transaction.
Policy Payload Copy	This column is hidden by default. Click the link to open a new browser tab containing an XML-formatted list of the data from the copied transaction.
Policy Term	This column is hidden by default. Displays the original transaction’s policy term.
Payload Difference	This column is hidden by default. Click the link to open a new browser tab containing an XML- formatted list detailing the differences between the Policy Payload list and Policy Payload Copy list.

For information on displaying hidden columns, see the Configuring Grids section.