The user defines the ranges of the loss ratio with the effect that will be applied on the premium based on the adjustment rate defined per range. As this effect will take place on policy renewal;

To view certain pre-defined Loss Ratio Ranges, fill in the selecting criteria fields with the proper details to filter down the retrieved records. If you wish to edit any, click on the claim needed and you can proceed with making the changes you want.

To add new loss ratio ranges, click and then perform the following steps:

• Select the Insurance Class, Policy Type and the Cover Type in which the adjustment rate will be applied if loss ranges based on the loss ratio ranges met;
• Enter the range of the loss ratios (Loss Ratio From and the Loss Ratio To);
• Enter the Adjustment Rate  which is the rate that will be either added or deducted from the original rate based on the loss ratio range that the policy fits in
• Once you have finished entering the necessary data, click.