Policy object
A policy represents the contract between the insurer and the insured. A policy is always linked to a customer, and can contain one or multiple assets. Policies are the core object on the Korint platform. It contains many different attributes, including but not limited to: General information- product: the insurance product the policy belongs to
- author: the user who created the policy
- customer: link to the customer who owns the policy
- assets: links to the insured assets covered by this policy
- quote: if the policy is quoted, the currently active quote
- brokerageFirmId: the brokerage firm that manages the policy
- brokerageFees: the percentage breakdown of broker fees on the policy
- status: the policy status determines what actions are currently possible for that policy, and informs other operations such as billing
- startedAt: the date at which the policy becomes or became active
- stoppedAt: the stop date of the policy
- stop: if the policy is stopped, more details about the stop reason
- suspendedAt: the suspension date of the policy
- billing configuration: the chosen billing configuration for this policy
- periodDuration: the length of the contract
- externalId: product specific id, typically used for external reports
- custom fields: a list of product specific attributes. For more details check out custom fields.
Policy statuses
| Status | Allowed Operations | Next Status | |
|---|---|---|---|
POLICY_CREATED | Edit your policy information, and ask for quotes. | POLICY_QUOTED | |
POLICY_QUOTED | A quote has been chosen. You can edit non pricing information. | POLICY_CONFIRMED | |
POLICY_CONFIRMED | Your policy can no longer be modified. You can send documents for signature. | POLICY_SIGNED | |
POLICY_SIGNED | Your policy has been signed. It will start automatically at the start date. You can modify its details through a Mid Term Agreement. | POLICY_STARTED | |
POLICY_STARTED | Your policy is active. | Can remain started indefinitely. | |
POLICY_SUSPENDED | Your policy is suspended, and will not be billed for this suspension period. | Can reactivate to POLICY_STARTED. | |
POLICY_STOPPED | Your policy is inactive. You can still visualize it but can no longer edit it. Stopped policies can no longer be activated. | Can no longer change status. |