What is included in the Premium Report Base Configuration?

The Premium Report Base Configuration in Guidewire PolicyCenter encompasses aspects related to various types of insurance products, but specific focus is given to Worker’s Compensation. This type of insurance represents a significant part of commercial insurance reporting, as it deals with policies that offer wage replacement and medical benefits to employees injured in the course of employment.

The Premium Report Base Configuration includes critical elements that help in analyzing and reporting on the premiums associated with these policies. The configuration is designed to align with regulatory requirements and industry standards relevant to worker's compensation, which can include state-specific rules and guidelines.

In contrast, while General Liability, Health Insurance, and Auto Insurance are crucial components within the insurance domain, they are typically addressed under different reporting structures or configurations within the system. Each of these insurance types has its own regulations and reporting requirements that differ from those associated with worker's compensation, thereby making it excluded from the Premium Report Base Configuration.