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12Bowers12's avatar
12Bowers12
Helper V
4 years ago

different result on different granularity

Hello, everyone,

For a given insurance policy with effective data 1/1/2021 and expire date 12/31/2021, the premium paid by insured is $1200. As illustrated in following measure [Unearned Premium], at 06/30/21, insurance company earns $600.00 given the policy canceled on 06/30/21, the remaining $600.00 should be returned to insured and booked as Unearned Premium.

The measure works on well on aggregate level such as State/Country but produces inaccurate result on policy granularity.

Appreciate your help.

Dennis

 

 

Unearned Premium =

VAR InforceDay =   DATE ( 2021, 6, 30 )

RETURN

SUMX (  PolicyData,

PolicyData[Premium]   * DIVIDE ( PolicyData[Expire Date] - InforceDay,  PolicyData[Expire Date] - PolicyData[Effective Date]  ) )

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