Definicja basic calculation module

In the life insurance line of business, extensive calculations are executed as part of the insurance mathematics. These calculations take place at a level below the tariff.

This level cannot be viewed in FS-PM and is composed of different elements known as calculation modules.

When a policy product is issued, the system first creates the basic calculation module, thereby creating a mirror image of the tariff. The benefits and premiums are the same as those in the tariff.