Workspace settings set the defaults for every new Insurance Research scenario in your workspace. This includes the premium projection period, commission rates, campaigns and the default options for each cover type. When an adviser creates a scenario, it takes a copy of these defaults. The adviser can then change them for that scenario.
Note: This article belongs in the Workspace, Licensee & Organisation collection.
Before You Start
Any workspace administrator can set these defaults, even without the Insurance Research module.
Only users with the Insurance Research module can create and work in scenarios.
Set Workspace Defaults
Open your workspace settings and select the Insurance Research scenario settings.
Work through each page in the left-hand menu:
Tab | Fields |
General | Premium Projection Duration, Indexation (%), Approved Product List, Minimum Commission Preference, Super Frequency, Non-Super Frequency |
Commissions | Commission Structure per provider (e.g. Hybrid or Upfront), showing Initial and Renewal % |
Campaigns | Provider campaigns or discounts to apply by default (e.g. AIA Vitality, TAL Health Sense discount) |
Life | Structure, Owner, Rollover, Premium Waiver |
TPD Extension | Structure, Owner, Rollover, Occupation Type, Life Buy Back, Double TPD, Premium Waiver |
Trauma Extension | Structure, Life Buy Back, Double Trauma, Trauma Reinstatement, Premium Waiver, Baby Care, Priority |
TPD Standalone | Structure, Owner, Rollover, Occupation Type, Premium Waiver |
Trauma Standalone | Structure, Trauma Reinstatement, Premium Waiver, Baby Care, Priority |
TPD Extension to Trauma | Structure, Owner, Rollover, Occupation Type, Premium Waiver |
Income Protection | Structure, Owner, Rollover, Agreed Value, Accident Benefit, Increase Claim Benefit, Waiting Period, Benefit Period, Replacement Ratio, Priority |
Business Expenses | Structure, Waiting Period |
Needle Stick | Structure |
đĄ Note: Options marked Include if possible will only include a feature where the provider's product offers it. Select Include or Exclude to set it firmly.
đ TIP: The Approved Product List field on the General tab sets which APL the Workspace's quotes draw from (e.g. Licensee).
Click Save.
What happens when you change defaults
New scenarios use the updated defaults.
Existing scenarios keep the settings they were created with. An adviser can click Reset to Workspace default in a scenario's Scenario settings to load the current defaults.
Approved Product List
The approved product list (APL) controls which products are quoted. It's set at the licensee, and the licensee decides who else can define their own list.
The licensee sets its APL.
In Licensee > Preferences, the licensee chooses whether workspaces, users and advisers can define their own list:
Allow Workspace Defined Product List
Allow User Defined Product List
Allow Adviser Defined Product List
A new scenario uses the most specific list allowed as its default. For example, if advisers can define their own list, Adviser A's scenarios use Adviser A's list, and Adviser B's use Adviser B's.
Allow Scenarios to override Defined Product List decides whether advisers can change the list within a scenario. Set it to No to stop quotes being run on products outside the approved list.
Click Save Changes.