Patterns

Click Action adjacent to the required Project and then click Patterns to open the Pattern Summary page.

Click the Search field and enter the name, description and select a folder in the respective fields and click Search to find a required Pattern. You can also search by the Pattern Type by clicking the Pattern Type drop-down list and selecting a value (Payment Pattern, Earning Pattern, or Receiving Pattern). Additionally, select the Folder drop-down list to select a folder.

Additionally, enter a value in the Field Search field to search for a Pattern.

From this page, the Add button can be used to open the Patterns window and on this window, Patterns can be created. An approved Triangle can be selected to create the basis of the pattern.

The output on this page is calculated primarily by using the Premium and Loss Triangles. For Earning and Receiving Patterns, the Premium Triangle can be used. For Claim Payments, the Loss Triangle can be used as a basis.

For Earning and Premium Receiving, any of the approved Premium Triangles can be selected, and based on this selection, the Premium Frequency, Earning Pattern (or Premium Receiving Pattern), and the Development Column of the table are populated.

Similarly, based on the selection of an approved Loss Triangle, the Claim Payment Pattern and Development Columns of the table are populated. Based on the selection of a Triangle from the Triangle drop-down list, the Development Column is populated for each selected Pattren Type.

The Gross Premium and Expected Loss Columns are populated from the latest diagonal of the latest year based on the selected Triangle. In case the Premium (or Loss ) Frequency is Annual, then only the Single Premium (or Loss) is displayed. However, based on the frequency the number of entries in this column increases.