Oracle® Insurance Rules Palette
Point-in-Time valuation allows valuation calculations to be made using values from the last valuation date, rather than from inception. When Point-in-Time valuation is not enabled, Traditional valuation is used. In this method policy valuation calculations are made using all data from the inception of the policy. Traditional valuation is much more resource intensive than Point-in-Time, since each valuation activity must be recalculated every time valuation is executed.
When using the Debugger, the deposit effective date is the date when the depositing activity applied money to the fixed fund.
Plans that are configured to use Traditional valuation may be converted to use Point-in-Time valuation, provided that the fund types are supported. At present, Point-in-Time valuation supports all fund types except Unit Linked Variable funds.
A special utility is needed to perform the conversion. To request this utility, go to My Oracle Support at https://support.oracle.com and file a service request. A support specialist will facilitate the process.
Prior to configuring Point-in-Time valuation, ensure that basic fund valuation is already fully working in the environment. Funds, allocations and assignments must already be set up and configured before attempting to enable Point-in-Time valuation.
Once a plan is configured to use Point-in-Time valuation, it cannot be transitioned back to Traditional valuation.
A plan is configured to support Point-in-Time valuation when the following two steps are performed.
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