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Managing Term Sheets

A term sheet is a structured digital framework used to define, manage, and organize the terms and conditions associated with multiple risk coverage configurations. Each term sheet serves as a container for one or more coverages, each of which is linked to a specific risk management strategy, insurance condition, or parametric trigger.

Creating and Managing Term Sheets

The Term Sheets section allows you to create, view, and manage all your parametric insurance product designs in one place.

Term Sheet Management Interface

The main interface shows all your existing term sheets with options to create new ones or access existing designs.

Term Sheet Details

Creating a New Term Sheet

  1. Click the "New Term Sheet" button
  2. Enter a descriptive name for your term sheet
  3. Add any relevant notes or descriptions
  4. Click "Create" to establish your new term sheet

Managing Coverages Within Term Sheets

Each term sheet can contain multiple coverages. The interface allows you to:

Coverage Management

Users have the ability to view (1), edit (2), or delete (3) an existing coverage.

Coverage Edit Options

  • Selecting View redirects you to the Analytics Summary of the selected coverage
  • Selecting Edit takes you to the Input Summary, where coverage details can be modified
  • The Delete option allows you to remove coverages that are no longer needed

Best Practices for Term Sheet Management

  • Use descriptive naming conventions for term sheets
  • Group related coverages within the same term sheet
  • Add detailed notes to document the purpose of each term sheet
  • Create new term sheets for significant product variations
  • Archive outdated term sheets rather than deleting them

Next Steps

Once you've created a term sheet, you can: