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Clicking on Add Product Version on Product Details page will open this page.

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There are 5 9 tabs for product version configuration:

• GENERAL

• LOOKUPS

• DOCUMENTS

• QUESTIONS

• RULES

• SALES PROCESS

• MULTIPLE RISKS

• COVERS

• ADVANCED

After the information in 5 9 tabs above is configured properly, you can click Save button to save the new product version as draft and go back to Product Details page. The new product version can be found under PRODUCT VERSIONS list on PRODUCT DETAILS page.

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• Description: short description of the product versionLookup file: an excel file defining which answer matches which factor value for premium calculation. Example:

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• Currency: each product can only have one currency. Seamless currently supports up to 11 currencies which are: AUD, CAD, DKK, EUR, GBP, JPY, NOK, SEK, SGD, USD, VND.

• Product commission (%): defines the default percentage at Product Commission that user can adjust during quotation process.

  • For product commission settings: Product commission configuration

• Sales commission (%): defines the default percentage at Sales Commission that user can adjust during quotation process.

• Line of business: defines the line of business that the product version belongs to (used for MGA Binder feature).

• End date handling scheme: defines the scheme of renewal date. Two options:

  • Annual: with this option, the next renewal date will be the date after the previous end date plus one year.

  • Renewal Date Alignment: with this option, you need to specify the date and the month that you want to align the next renewal date for a customer.

LOOKUPS

• Lookup file: an excel file defining which answer matches which factor value for premium calculation. Example:

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DOCUMENTS

This tab defines email and document template for the current product version. When generating emails/documents for quotes/policies that are created for this product version, the selected template should be used.

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