The goal of the Policy Premium Change Event is to surface when there are renewal premium changes. We try to ignore premium changes related to policy changes in the middle of a contract.
We prioritize safety over accuracy. What this means is if we're not sure the data is good, we'll err on the side of not launching the trigger rather than launching it.
For example, if at one point the premium values are blanked out, then they come through again, we don't trigger a rate increase. We require that the previous and next value are not $0.
You can choose this Event from your Sequence Event configuration.
This event comes with extra fields available for your Postcards and Emails. This data can be merged in.
- Entire policy affected by rate change (if a Policy Rate Change)
- Change Data, including:
- Change (25%)
- Previous Premium ($800)
- New Premium ($1000)
- Direction (increase)
What the merge fields look like
An example after merging
Policy Premium Change
This event requires a Per Policy messaging. So if you choose this event then every policy that matches the criteria will add them to the Sequence.
You can filter who you want to trigger this event for based on any of the policy data, including Carrier or Policy Type. Just add a filter including a Policy Group and your relevant criteria.
We restrict this event to Active Policies whose previous and new rate values are not equal to $0.