Clarification On Adjustment Factors And Adjustment Amounts In IAA
(Doc ID 2890308.1)
Last updated on AUGUST 22, 2022
Applies to:Oracle Insurance Accounting Analyzer - Version 8.0.6 and later
Information in this document applies to any platform.
Clarification regarding Adjustment Factor and Adjustment Amounts used in LC Screen
1) What is the usage of Adjustment Factor2-Adjustment Factor5 in the Assumption window in Liability Calculations pane
2) For PAA YTD (Year to Date) approach do IAA need to be filled Adjustment Factor2-Adjustment Factor5?
3) Via using different Adjustment factor (Adjustment Factor1, Adjustment Factor2, Adjustment Factor3, etc) can we match different cohorts/portfolios with different Adjustment Factor to use in Risk Adjustment?
4) For Adjustment Amounts in this window; can we provide Risk adjustment amounts rather than giving Risk adjustment percentages? If so, which tables we should use to provide this information? This amounts should be provided for cohort level or different level?
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