Multicurrency fields for underwriting authority

PolicyCenter raises underwriting issues based on characteristics of the policy, including ones that may be related to monetary amounts. You can create and manage monetary underwriting issues with values, approvals, and authority limits that include both an amount and a currency. The base configuration and sample data contain underwriting issues that provide an example of how to compare values, approvals, and authority limits in different currencies.

In the base configuration examples, PolicyCenter creates an issue with a value in the currency on the policy. That currency may differ from the currency of the user’s authority grant. In the base configuration, the monetary-issue comparator automatically converts the value being tested to the currency of the reference value. The value being tested might be the value of the user’s approval. The reference value currency might be the currency of the user’s authority grant. In the sample data, the authority grants are in U.S. dollars, but this is not a requirement. Through configuration, you can take a different approach.

See also

• Configuring underwriting authority and multicurrency
• Underwriting issues
• Multicurrency fields for underwriting authority

Risk Approval Details screen

The Risk Approval Details screen is defined in the UVApprovalLV PCF file.

When multicurrency display is enabled, the Risk Approval Details screen has a Currency column. When approving a monetary underwriting issue, you can edit the amount, but cannot change the currency. The Currency field is preset to the approval value currency on the underwriting issue.

Authority Profiles screen

The Administration > Users & Security > Authority Profiles screen shows the authority profiles defined in the system. Each authority profile has one or more authority grants. For authority grants that have a monetary comparator type, the Authority Grants table contains Value and a Currency column.