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Documentation Index

Fetch the complete documentation index at: https://docs.aiinsurance.io/llms.txt

Use this file to discover all available pages before exploring further.

The Inspect Rating tool gives you full visibility into how AI Insurance calculates your policy premium. Instead of seeing a single total number, you can drill down through every level of the rating — from the policy total, to each insured, to each coverage, to each individual coverage period — and see exactly how the premium was determined at each step.

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Opening Inspect Rating

After rating a policy or quote, click the Inspect Rate button in the quote wizard. This opens the Inspect Rating modal, which displays a hierarchical breakdown of your premium.

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How the rating hierarchy works

AI Insurance breaks your policy premium into the smallest meaningful segments, calculates a premium for each segment, and then aggregates those up into larger totals. The Inspect Rating modal lets you explore this hierarchy from the top down:
  1. Policy Total — The overall premium, taxes, and fees for the entire policy
  2. Insureds — The premium contribution from each insured on the policy
  3. Coverages — For each insured, the premium broken out by coverage type (e.g., General Liability, Professional Liability)
  4. Coverage Periods — For each coverage, the premium for each time period within the policy term
At each level, the modal displays columns for Premium, Taxes, and Fees.

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Exploring the breakdown

Each row in the Inspect Rating modal represents a segment of your rating. Click the available links on any row to explore further:

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Show Insured / Coverage / Period Ratings

Expands the current row to reveal its child segments. For example, clicking Show Insured Ratings on the Policy Total row reveals each insured’s premium contribution. Clicking Show Coverage Ratings on an insured reveals the coverage-level breakdown, and so on.

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Show Rating & Modifications

Expands the row to show the detailed calculation steps and premium components for that segment. Depending on the segment, you may see:
  • Base Premium — The annualized premium before any adjustments
  • Rated Premium — The premium after applying the rating engine calculation
  • Pro-rated Premium — The premium adjusted for the actual number of days in the period
  • Custom Adjustments — Premium adjusted for custom adjustments applied by the underwriter
  • Adjusted Premium — The final premium after all modifications
  • Taxes and Fees — Any applicable taxes or fees
When a segment uses a snapshotted (previously calculated) premium rather than re-rating, it will be labeled (not re-rated). The detailed view also shows the steps the rating engine took to arrive at the final premium. Common steps include:
StepDescription
Snapshotted PremiumUses the previously calculated annualized premium
Calculate RatingRuns the rating engine spreadsheet to compute a new premium
Prorate PremiumAdjusts the annualized premium based on the number of days in the period
Aggregate PremiumsSums up child segment premiums into a parent total
Apply Custom AdjustmentsApplies any credits, debits, or discretionary adjustments

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View Inputs

Opens a dialog showing the input values that were passed to the rating engine for that segment. This is useful for verifying that the correct data was used in the calculation — for example, confirming the number of beds, the insured’s state, or any other rating factors.

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Download Rating

Downloads the actual rating engine spreadsheet used to calculate the premium for that segment. You can open this spreadsheet to inspect the full calculation logic, including base rates, modifier factors, and formulas.
The Download Rating button is available on policy-level and coverage-period segments. Even if a segment was not re-rated (using a snapshotted premium), you can still download the original rating spreadsheet to see how the premium was initially calculated.

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Understanding endorsements and period splits

When a policy is endorsed, the coverage term may be split into multiple periods at each endorsement effective date. Each period is rated independently based on the inputs that were in effect during that time. For example, if an insured’s rating data changes mid-term:
  • Period 1 (before the change) retains the original premium and may show as (not re-rated)
  • Period 2 (after the change) is rated with the updated inputs and shows the recalculated premium
The current period (based on the endorsement effective date) is underlined in the Inspect Rating modal so you can quickly identify which period corresponds to the active endorsement.

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Troubleshooting rating discrepancies

If the premium doesn’t match your expectations, the Inspect Rating tool gives you several ways to investigate:
  1. Check the inputs — Use View Inputs to confirm the correct rating data was passed to the engine
  2. Review the steps — Use Show Rating & Modifications to see each calculation step and identify where the numbers diverge
  3. Download the spreadsheet — Use Download Rating to open the full rating engine and manually verify the calculation
  4. Check for adjustments — Look for custom adjustments at the insured or policy level that may be adding or subtracting from the base premium
If you identify a discrepancy, please reach out to the AI Insurance support team with the details. Having visibility into these calculations means issues can be caught and resolved quickly.