SUPER - KALKULACIJA POLICA OSIGURANJA

TOMAS - CALCULATION OF INSURANCE POLICIES

TOMAS enables calculation of any type of insurance policies, without additional programming.

Also, any changes in the way policies are to be calculated could be implemented without changes in programs, the very same day when decision to change has been made.

To illustrate this, an example for calculation of car insurance policies is shown below. In the similar way any other type of insurance could be calculated.
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Car insurance policy calculation

For all types of cars, coefficients for a policy group are to be registered. These coefficients depend upon the motor power and have the value between pg=0,581 - 2,099. pg".

Other data needed for policy calculation:

in the TOMAS' database could be attached to:

class of the object to be insured
characteristics of the vehicle and/or
buyer of the insurance.

and/or are entered when insurance policy is being produced.

Code Description

riz risc coefficient

pok coefficient for coverage

bm bonus/malus coefficient

d1 additional coefficient in case of taxi or rent-a-car

d2 additional coefficient in case more than 5 persons are transported

pt coefficient if owner is a handicapped person

kat coefficient for vehicles with catalizator.

Based on these data, TOMAS computes:

Insurance premium:

P = 58021,43 x pg x (1+riz) x (1+pok) x (1+bm)

and total amount of insurance:

UOS = P x (1+d1) x (1+d2) x (1+pt)x (1+kat) x (1+p/100)

All elements of calculation remain in the database and could be used for various reports.

The work performed in insurance Point Of Sales is the following:

Basic data for insurance policy are entered and ...
... characteristics of the vehicle (nr. of motor and chassis etc.) ...
... then, the policy is to be printed.
Booking in general ledger is done automatically.
Based on these data management could get various reports on results of by POS, branch office, division, type of insurance, class of buyer etc.