How to Apply Multiple Seasonality Factors To PAA Premiums
(Doc ID 2889210.1)
Last updated on AUGUST 17, 2022
Applies to:Oracle Insurance Accounting Analyzer - Version 8.0.6 and later
Information in this document applies to any platform.
How to apply multiple seasonality factors, for certain portfolios such as Property contracts, to apply a larger factors to premiums during certain months ?
For example, policies issued in January would have a lower earned premium amount in the first 5 months, higher in months 6-11 and lower again in month 12.
Whereas policies issued in July would have a higher earned premium amount in the first 5 months, lower in months 6-11 and higher again in month 12
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