User Flow Documentation

This documentation provides a comprehensive overview of the RiskWolf UI user flow, covering the complete journey from program creation to coverage management and activation.

Overview

The RiskWolf platform follows a hierarchical structure:

Program: The top-level container that groups related termsheets
Termsheet: A collection of coverages for specific risk scenarios
Coverage: Individual risk coverage with specific details, indices, payouts, and location parameters

1. Program Management

1.1 Program Selection and Overview

When users first access the platform, they are presented with the program selection interface where they can view existing programs or create new ones.

Program Selection Overview

Key Features:

ALL PROGRAMS / DRAFT / ACTIVE tabs to filter programs by status
Create New Program option for new parametric insurance solutions
Existing program cards showing program names and status (DRAFT/ACTIVE)
Quick access buttons: VIEW TERM-SHEETS and NEW TERM-SHEET

1.2 Creating a New Program

Users can create new programs by providing essential program details.

Create New Program Form

Required Program Inputs:

Program Name: Unique identifier (e.g., "appleINSURE Kashmir")
Description: Purpose and coverage details of the program
Country: Geographic location for the program
Currency: Financial currency for transactions
Program Icon: Visual identifier from available icon set
Insured Unit: Unit of measurement for coverage

1.3 Program Welcome

After program creation or selection, users are welcomed to their program workspace.

Program Welcome Page

Available Actions:

CREATE FIRST TERM SHEET: Begin creating coverage structures
WATCH DEMO: Learn platform functionality through guided demonstration

1.4 Active Programs Management

Users can view and manage their active programs with enhanced functionality.

Active Programs View

Program Management Features:

LIVE TRACKER: Real-time monitoring of program performance
VIEW POLICIES: Access to all policies within the program
Program status indicators (ACTIVE with green badge)
Quick navigation between different program types

2. Termsheet Management

2.1 Creating a New Termsheet

Termsheet is a group of coverages and define the basic parameters for risk management.

Create New Termsheet Form

Termsheet Details Required:

Term Sheet Name: Descriptive identifier (e.g., "appleINSURE Kashmir - Base Coverage")
Description: Detailed explanation of term sheet purpose, coverage types, and key parameters
Selected Program: Shows the parent program (e.g., "demo 415")

2.2 Termsheet Input Summary View

Once the Termsheet is created then the user is automatically redirected to the coverage designer for creating a coverage..

Termsheet Coverage Input Summary

Coverage Details

Add and configure individual coverage policies
Define coverage parameters and risk thresholds

Index Details

Configure data sources and calculation methods
Set up monitoring indices for risk assessment

Payout Details

Define payout structures and trigger conditions
Configure payment schedules and amounts

Location Details

Specify geographic coverage areas
Upload and manage location data

2.3 Termsheet List View

The list view presents termsheets with detailed performance metrics and management options.

Termsheet List View

Key Performance Indicators (KPIs):

SUM INSURED: Total coverage amount (INR 15,500)
GROSS PREMIUM %: Premium as percentage of sum insured (12.3%)

Formula for Gross Premium %: The Gross Premium % is calculated as the weighted average of the risk rates of all coverages within the termsheet, where each coverage’s weight is its respective sum insured.

RISK PREMIUM %: Risk-adjusted premium percentage (7.32%)

Formula for Risk Premium %:The Risk Premium % is calculated as the weighted average of the premium rates of all coverages within the termsheet, where each coverage’s weight is its respective sum insured.

Coverage Management:

Individual coverage listings with location, risk period, risk rate, return period, and sum insured
LOCK & ACTIVATE: Secure coverages to prevent further edits
OPTIMISE: Optimize coverage parameters
+ ADD COVERAGE: Expand coverage within the termsheet

3. Coverage Views and Management

3.1 Map View for Coverage Selection

The map interface allows users to visualize and select geographic coverage areas.

Termsheet Map View

Map View Features:

Interactive geographic map with regional boundaries
Show Map toggle to switch between map and list views
Location-based coverage filtering
Visual coverage area selection tools

3.2 Coverage Selection and Regional Filtering

Users can select specific locations to view filtered coverages available for that region.

Termsheet Map View with Coverage Selection

Regional Selection Benefits:

Location-Specific Filtering: When users select a location on the map, the system presents only the coverages available and relevant for that specific geographic area
Blue Information Banner: "Click on clusters to explore available coverages in this region!" provides user guidance
Streamlined Coverage Options: Reduces complexity by showing only applicable coverage options

4. Coverage Designer and Details

4.1 Coverage Configuration

Individual coverages contain comprehensive risk and payout structures.

Coverage Details and Payout Structure

Coverage Components:

Coverage Information

Coverage Name: "DAILY RAINFALL (0.25X0.25) COVERAGE..."
Risk Period: Date range for coverage (01-Apr to 30-Apr 2025)
Trigger: Conditions that activate coverage (20 days)
Risk Premium: Calculated premium percentage (31.07%)

Index Definition & Payout Structure

Longest Spell of Days: Specific risk measurement criteria
Payout Structure: Multi-tier payout system with stacks, strikes, exits, and payout amounts

Monitoring Target

Geographic location specification for risk monitoring

4.2 Coverage Geographic Targeting

Precise location targeting ensures accurate risk assessment and monitoring.

Coverage Monitoring Target Location

Location Specifications:

Grid Reference: Precise geographic coordinates (Grid 3687)
Map Visualization: Interactive map showing exact coverage location
Geographic Context: Regional boundaries and location names for reference

4.3 Coverage Documentation and Reports

Each coverage generates comprehensive documentation and reports for analysis.

Coverage Attachments and Reports

Available Documents:

Aggregated Risk Report: Summary of risk analysis and calculations
Coverage Config: Detailed configuration parameters
Detailed Risk Report: Comprehensive risk assessment documentation
Index Computation: Mathematical calculations and methodology
Parametric Structure: Coverage structure and parameter definitions

5. Coverage Activation and Lock Mechanism

5.1 Lock & Activate Process

The final step in coverage management is the activation process that locks coverage parameters.

Lock and Activate Coverage Modal

Activation Process:

Confirmation Dialog: "Are you sure you want to lock and activate all coverages in term sheet 'Test Term'?"
Finalization Warning: "No further changes will be allowed after coverage activation."
Batch Processing: "This will activate 2 coverage(s)."

Important Considerations:

Irreversible Action: Once activated, coverages cannot be modified
Quality Assurance: Ensure all parameters are correctly configured before activation
Operational Readiness: Activated coverages enter live monitoring and risk assessment mode

6. Coverage Structure

Data Flow

Program Creation: Set up basic program details and structure
Termsheet Development: Create termsheet and add coverages
Coverage Design: Configure risk parameters, payouts, and locations
Activation: Lock and activate coverages for monitoring

For comprehensive information on creating individual coverages, including detailed parameter configuration, index setup, and payout structure design, please refer to the coverage designer documentation