Rate books in Rating Management

In Guidewire Rating Management, rate books group related rate tables and rate routines. Grouping related rate tables into a rate book eliminates the need to track availability and effective dates at the individual rate table level. A rate book is uniquely identified by code, edition, and policy line. As a unit, the rate book can be versioned and promoted to active status for use in production.

You cannot modify the rate routines included in active rate books. PolicyCenter limits the types of changes that you can make to rate tables used in active rate books. PolicyCenter will not let you make changes that affect rating in an active rate book.

In rate books, you can define qualifying attributes which appear as the Policy Criteria on the rate book screen:

• Policy line – Required. Specify a policy line or applies to all policy lines.
• Jurisdiction – Optional. Specify a jurisdiction or applies to all jurisdictions.
• Underwriting company – Optional. Specify an underwriting company or applies to all underwriting companies.
• Offering – Optional. Specify an offering or applies to all offerings.

A rate book has the following availability attributes:

• Policy effective or coverage reference date – Required.
• Activation date – The date that the rate book was activated into production.