fmprofiles.md

FM Profiles

Profile description	profile_id	calcrule_id
Deductible and limit	1	1
Franchise deductible and limit	2	3
Deductible only	3	12
Deductible as a cap on the retention of input losses	4	10
Deductible as a floor on the retention of input losses	5	11
Deductible, limit and share	6	2
Deductible and limit as a proportion of loss	10	5
Limit with deductible as a proportion of limit	11	9
Limit only	12	14
Limit as a proportion of loss	13	15
Deductible as a proportion of loss	14	16

1. Deductible and limit

Attributes	Example
policytc_id	1
ccy_id	1
deductible	50000
limit	900000

Rules	Value
calcrule_id	1

Logic

loss = x.loss - ded;

if (loss < 0) loss = 0;

if (loss > lim) loss = lim;

2. Franchise deductible and limit

Attributes	Example
policytc_id	1
ccy_id	1
deductible	100000
limit	1000000

Rules	Value
calcrule_id	3

Logic

if (loss < ded) loss = 0;

else loss = loss;

if (loss > lim) loss = lim;

3. Deductible only

Attributes	Example
policytc_id	1
ccy_id	1
deductible	100000

Rules	Value
calcrule_id	12

Logic

loss = x.loss - deductible;

if (loss < 0) loss = 0;

4. Deductible as a cap on the retention of input losses

Attributes	Example
policytc_id	1
ccy_id	1
deductible	40000

Rules	Value
calcrule_id	10

Logic

if (x.retained_loss > ded) {

loss = x.loss + x.retained_loss - ded;

if (loss < 0) loss = 0;

x.retained_loss = x.retained_loss + ( x.loss - loss);

} else {

loss = x.loss;

}

5. Deductible as a floor on the retention of input losses

Attributes	Example
policytc_id	1
ccy_id	1
deductible	70000

Rules	Value
calcrule_id	11

Logic

if (x.retained_loss < ded) {

loss = x.loss + x.retained_loss - ded;

if (loss < 0) loss = 0;

x.retained_loss = x.retained_loss + ( x.loss - loss);

} else {

loss = x.loss;

}

6. Deductible, limit and share

Attributes	Example
policytc_id	1
ccy_id	1
deductible	70000
limit	1000000
share_prop_of_lim	1000000

Rules	Value
calcrule_id	2

Logic

if (x.loss > (ded + lim)) loss = lim;

else loss = x.loss - ded;

if (loss < 0) loss = 0;

x.loss = loss * share;

10. Deductible and limit as a proportion of loss

Attributes	Example
policytc_id	1
deductible_prop_of_loss	0.05
limit_prop_of_loss	0.3

Rules	Value
calcrule_id	5

Logic

loss = x.loss * (lim - ded);

11. Limit with deductible as a proportion of limit

Attributes	Example
policytc_id	1
ccy_id	1
deductible_prop_of_loss	0.05
limit_prop_of_loss	100000

Rules	Value
calcrule_id	9

Logic

loss = x.loss - (ded * lim);

if (loss < 0) loss = 0;

if (loss > lim) loss = lim;

12. Limit only

Attributes	Example
policytc_id	1
ccy_id	1
limit	100000

Rules	Value
calcrule_id	14

Logic

loss = x.loss;

if (loss > lim) loss = lim;

13. Limit as a proportion of loss

Attributes	Example
policytc_id	1
ccy_id	1
limit_prop_of_loss	0.3

Rules	Value
calcrule_id	15

Logic

loss = x.loss;

loss = loss * lim;

14. Deductible as a proportion of loss

Attributes	Example
policytc_id	1
ccy_id	1
deductible_prop_of_loss	0.05

Rules	Value
calcrule_id	16

Logic

loss = x.loss;

loss = loss - (loss * ded);

if (loss < 0) loss = 0;