Add a Triangle

On the Triangle Summary Page, click Add to open the Triangles Window.

The filters can be reset on this page. There are additional filters such as; Name, Triangle Type, Amount/Number, and Loss Type available and are used to create a Triangle. Select the required values from the drop-down list fields as tabulated:
Field Description
Triangle Filters
Manage Filters Click this icon to select the filters to be used. Depending on the filters selected, the Triangles are displayed in the Triangles grid accordingly.
Apply Click Apply to apply the selected filters.
Reset Click Reset to reset the previous filters.
Development

Select a development period for the Triangle. Available options are:

  • Monthly – These triangles default displays 60 developments (5 years).
  • Quarterly – These triangles display 20 developments (5 years).
  • Half-yearly – These triangles display 20 developments (10 years).
  • Yearly – These triangles display 10 developments (10 years).
Name The name of the triangle. Add a name for the triangle. This is the Triangle name that can be used to search for a Triangle.
Triangle Type

These are the different columns that are available in the Triangle Type. The available values are:

  • Accident Year - The Accident Year Triangles are created using the Reference Date as the Date of Loss/Date of Accident.
  • Underwriting Year - The Underwriting Year Triangles are created using the Reference Date as the Risk Start Date.
  • Reporting Year - The Reporting Year Triangles are created using the Claim Intimation Date.
Amount/Number

Select the Amount/Number from the drop-down list. The available values are:

  • Paid Amount
  • Fully Paid Amount
  • Partly Paid Amount
  • Outstanding Amount
  • Reported Amount
  • Incurred Amount
  • Fully Paid Number
  • Outstanding Number
Loss Type

The type of losses. The available values are;

  • All
  • Attritional Loss
  • Large Loss
  • CAT Loss
Loss Limit Enter a number greater than or equal to 0.001 in this field.
Additionally, the following buttons are also present on this page:
Field Description
Projects Summary Click this button to navigate to the Project Summary Page.
Triangle Summary Click this button to navigate to the Triangle Summary Page.
Method Summary Click this button to navigate to the Method Summary Page.
Refresh Click this button to refresh the list of available Triangles on this page.
Back Click this button to go back.
Next Click this button to go next.
Save Click this button to save the Triangle.
Submit Click this button to submit the Triangle 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.