Add a Pattern

Perform the following steps to add a Pattern:
  1. On the Pattern Summary Page, click Add to open the Patterns Window.

    On this page, you can create a new Pattern.

  2. The following table contains information about the fields and buttons on this page:
    Field Description
    Pattern Name Enter a name for the Pattern.
    Pattern Type

    Select the type of Pattern from the drop-down list. The available options are:

    • Payment Pattern - The Claim payment is calculated as a product of the Claim Payment Pattern and the Expected Loss. The output is created by using the Loss Triangle.
    • Earning Pattern - The earning is calculated as a product of the earning pattern and gross premium. The output is created by using the Premium Triangle.
    • Receiving Pattern - The Receiving Pattern is calculated as a product of the Premium Receiving Pattern and Gross Premium. The output is created by using the Premium Triangle.
    Triangle Select a Triangle from the drop-down list.
    Pattern Generation

    Select the type of Pattern to be generated. The available options are:

    • Triangle - If this option is selected, then the selected Age to Age Factor from the selected Triangle will be populated here.
    • Custom - Custom Out-of-the-Box Patterns are populated. These Patterns need to be identified based on the Dimension selected to create the Triangle.
    Frequency Select Annual from the drop-down list.
    Pattern Select Annual from the drop-down list.
    Additionally, the following buttons are also present on this page:
    Field Description
    Project Summary Click this button to navigate to the Projects Summary Page.
    Method Summary Click this button to navigate to the Method Summary Page.
    Triangle Summary Click this button to navigate to the Triangle Summary Page.
    Refresh Click this button to refresh the Methods on this page.
    Save Click this button to save the Method.
    Submit Click this button to submit the Method to the administrator for approval. For more information on the OILM approval workflow, see the OILM Workflow Section.
    Approve This button is only available for an Administrator. The administrator can click this button to Approve a Triangle. For more information on the OILM approval workflow, see the OILM Workflow Section.
    Reject This button is only available for an Administrator. The administrator can click this button to Reject a Triangle. For more information on the OILM approval workflow, see the OILM Workflow Section.