1|Page
Guidewire PolicyCenter Professional Exam
with accurate and verified questions
covering configuration, policy
administration, data model management,
product model setup, user interface
customization, and integration points
within the Guidewire platfor
What is rating? - ANSWER>>The process of determining the cost
of a policy
Parts of a rating engine (5) - ANSWER>>1. Rate tables
2. Rate table definitions
3. Rate book
4. Rate routines
5. Parameter set
What are rate routines? - ANSWER>>The algorithms to calculate
the premium. Defines steps to calcualate the cost of coverage
(contains logic and math)
What is Rate flow? - ANSWER>>The logic in the rate engine. This
orchestrates the premium calculation for a policy
What are rate tables? - ANSWER>>The rating content in a lookup
format. Contains static rates in a table format
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What is a rate table definition? - ANSWER>>Describes the
parameters and the factors for a particular rate table
Rate books - ANSWER>>A group of rate tables and rate routines
Process for rating - ANSWER>>When you quote, PC will invoke the
rating engine, which selects a rate book
The rating engine calls a rate routine for the cost of a specific item
The engine then puts together a worksheet with the calculated
results
PC areas of configuration - ANSWER>>1. Product/Data model
2. Application Logic
3. UI
4. Integrations
Also split into:
1. Products
2. Processes
3. Content
User Story Card themes (6) - ANSWER>>1. Product Model
2. Quote Application
3. Policy Change
4. Renewal
5. Cancel/Reinstate/Rewrite
6. Administration
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Why is it important for the BA to know the base configuration? -
ANSWER>>1. To identify where change needs to happen
2. Effectively document requirement, including UI mockups
3. Justify every change that requires configuration
4. Demonstrate PC configuration to stakeholders
External systems PC can be integrated with (8) - ANSWER>>1.
Broker Management System
2. Customer Communication System
3. Reporting System
4. Esignature system
5. Document Production
6. Contact Management
7. Rating Engine System
8. Authentication
Ways PC interacts with BC - ANSWER>>1. Producer setup
2. Account Management
3. Policy Transactions and billing instructions
4. Renewal on payment received
5. Cancellation for non-payment
6. Billing status
Supporting information under an Account (11) - ANSWER>>1.
Summary
2. Contacts
3. Location
4. Participants
5. Transactions
6. Submission Manager
7. Policies and UW files
8. Documents
Guidewire PolicyCenter Professional Exam
with accurate and verified questions
covering configuration, policy
administration, data model management,
product model setup, user interface
customization, and integration points
within the Guidewire platfor
What is rating? - ANSWER>>The process of determining the cost
of a policy
Parts of a rating engine (5) - ANSWER>>1. Rate tables
2. Rate table definitions
3. Rate book
4. Rate routines
5. Parameter set
What are rate routines? - ANSWER>>The algorithms to calculate
the premium. Defines steps to calcualate the cost of coverage
(contains logic and math)
What is Rate flow? - ANSWER>>The logic in the rate engine. This
orchestrates the premium calculation for a policy
What are rate tables? - ANSWER>>The rating content in a lookup
format. Contains static rates in a table format
,2|Page
What is a rate table definition? - ANSWER>>Describes the
parameters and the factors for a particular rate table
Rate books - ANSWER>>A group of rate tables and rate routines
Process for rating - ANSWER>>When you quote, PC will invoke the
rating engine, which selects a rate book
The rating engine calls a rate routine for the cost of a specific item
The engine then puts together a worksheet with the calculated
results
PC areas of configuration - ANSWER>>1. Product/Data model
2. Application Logic
3. UI
4. Integrations
Also split into:
1. Products
2. Processes
3. Content
User Story Card themes (6) - ANSWER>>1. Product Model
2. Quote Application
3. Policy Change
4. Renewal
5. Cancel/Reinstate/Rewrite
6. Administration
, 3|Page
Why is it important for the BA to know the base configuration? -
ANSWER>>1. To identify where change needs to happen
2. Effectively document requirement, including UI mockups
3. Justify every change that requires configuration
4. Demonstrate PC configuration to stakeholders
External systems PC can be integrated with (8) - ANSWER>>1.
Broker Management System
2. Customer Communication System
3. Reporting System
4. Esignature system
5. Document Production
6. Contact Management
7. Rating Engine System
8. Authentication
Ways PC interacts with BC - ANSWER>>1. Producer setup
2. Account Management
3. Policy Transactions and billing instructions
4. Renewal on payment received
5. Cancellation for non-payment
6. Billing status
Supporting information under an Account (11) - ANSWER>>1.
Summary
2. Contacts
3. Location
4. Participants
5. Transactions
6. Submission Manager
7. Policies and UW files
8. Documents
