5PPH - Insurance Software development

What is the difference between 5PPH and 5OIC groups in AL3?

Author - Webner
4:47 am
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5PPH (Prior Policy History Group)

This group refers to the Prior Policy History Group (like the previous carrier, policy number, etc). The relevant historical information pertaining to this policy is contained in this common element group. It has nothing to do with Loss History in any manner (Loss History is related to Claims). Any particular transaction may employ as many groups as are necessary to include the relevant Prior Policy History.

All business lines utilize this group. If a line requires more information, it will define a line of business-specific history groups to hold the extra data […]

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