Math Valuation

A prototype was created to demonstrate the execution of valuation within math. One transaction was configured to collect each fund’s cash value from respective valuation dates and calculate the amount of growth between the first and second valuations. The fund’s values from each valuation and the difference by each fund are recorded in logged collections.

The transaction can be applied to a policy after an investment has been made.

Prototype Explanation

• MathValuation: this is a policy level financial transaction that demonstrates the use of the new MathStatement and the ValuationValue math variable. These two pieces of configuration can be found in the <Math> section of the transaction. Navigate to Global Explorer| Transactions | Math Valuation (Functional Prototype Plan).

View New Feature in OIPA

View the prototype example in OIPA by logging in and selecting the Prototype Company |Functional Prototype Plan. Create a new policy and click the Activities link. Add an investment to the policy using an activity like IntRateCalcMoneyIn, ActivityResultsMoneyIn, QuotePremium or VerifyPremium. Then add the MathValuation activity. Enter two valuation dates in the fields provided and process the activity.

• First Valuation Date must be on or after the initial investment and before or on the Second Valuation Date. The activity uses this date to execute a valuation.
• Second Valuation Date must be after the initial investment and after or on the First Valuation Date. The activity uses this date to execute a valuation.
• Nearest Price for First Valuation, Nearest Price for Second Valuation: both control the prices used during execution of their respective valuations.

The activity will collect each fund’s cash value for the respective valuation dates and calculate the amount of growth between the first and second valuations. The fund’s values from each valuation and the difference by each fund are recorded in logged collections.