Understanding step types
Learn about the different step types available in the builder
Last updated
Learn about the different step types available in the builder
Last updated
The first step of any pricing model is to define and format the inputs that you'll accept to generate your price.
After you have defined your inputs, there are three different sections of steps, each with their own types of steps available.
Apply some simple transformation to data inputs and to enrich them with data from other sources, ensuring you get the variables you need, in the correct format, that you'll then use later in your model.
Transform Data - Create new properties by transforming existing inputs
Enrich via API - Create custom API requests to enrich quotes
Data Set - Map data sets to enrich quotes
Collection - Dynamically query data sets to enrich quotes
Make decisions based on the inputs in your model. Decide which prices are valid, which customers are eligible for certain cover or benefits, empower your team to make the right decisions offline and share information with your policy management systems.
Exclusions - Create exclusion rules to reject quotes
Excesses - Create excesses or deductible rules for quotes
Endorsements - Create endorsement rules for quotes
Refer - Create custom referral rules for quotes
Once you've got all the data in your model, use these final steps calculate risk factors, pricing or rates before you set your final outputs.
Factors - Create risk table factors that return a weight or rule
Calculation - Define complex calculations, such as prices
The last step of every model is where you define and format the outputs that you'll generate when the pricing process is complete.
The output step defines what your model will return to your customer.