Risk objects in visualized product

A risk object captures information about the risks covered by a policy. The risk object can be a tangible object such as a car or a building. The risk object can be a location, which is special type of risk object. Or the risk object can be an intangible object such as a jurisdiction or the policy line. A risk object may or may not have attached coverages.

You can use risk attributes to obtain specific information or answers to question about parts of the policy. For example, in a small business policy, you need to know whether the insured has been refused insurance in the past. On a building, you may need to know the number of floors.

The product line itself is a risk object.

In PolicyCenter, in a submission on the Risk Details screen, attributes appear on the Fields tab.

You can specify the risk attribute category in the Category column on the attribute.

For a short demonstration, watch this video: