The Bespoke Rules tab is located within the Rules tabs, at Contract and Section level. Tide captures some Contract Rules as set fields, such as Maximum Policy Period and Location restrictions. The Bespoke Rules tab is designed to capture Contractual or Monitoring rules more flexibly. This reflects that the exact structure and conditions of Contractual and Monitoring rules in London market contracts can vary significantly.

Once created, a Bespoke Rule is then automatically assessed once a Bordereau reaches the status of Approved. To understand more about this assessment process and the creation of Breaches, visit the Contract Rules - General and Rules - Breaches articles.

To create a new Rule, select Add Rule from the Bespoke Rules tab at Contract or Section level. The sections below will explain how to complete the different fields when creating a Bespoke Rule. ‍ 

Bespoke Rules can be created for Deductions within a Section by selecting 'Yes' to 'Generate Breaches when exceeded?' when creating or editing a Deduction. The Bespoke Rule will then be available in the Rules tab within the Section and at Contract level.

Rule Name

You can give your rule a name. This should correlate as closely as possible to how this is written in the original delegated authority Contract.

Rule Category

Select whether the rule is Contractual or Monitoring. Once the rule is saved, this field will become non-editable.

Is this Rule Active?

You can use this field to deactivate a Rule that no longer applies, but the Rule will still be displayed.

Dataset

Select whether this Rule will apply to Risks (Risk Bordereaux), Premium (Premiums Bordereaux), or Claims (Claims Bordereaux) fields. This selection will change the available fields when creating Rule Conditions.

Currency

This is the Currency of the Rule, which is applied to any of the financial fields in the Rule Conditions. If any of the financial fields being assessed by the Rule are of a different currency, then they will be converted to the Rule Currency based on the Tide exchange rate of the associated Reporting Period, and will then be assessed against the Rule.

Application Condition

The selection here determines whether a Rule is considered to be Breached if the Rule Conditions (see below) are met, or are not met (i.e. is Tide checking for records that do, or do not, meet the conditions).

ROE Tolerance

If any financial fields being assessed are of a different Currency to the Rule Currency, and have therefore been converted, then they will be able to vary from the value by the percentage recorded.

Applicable Section(s)

The Contract Section(s) that the Rule is applicable to. Only records that have been associated with the Section(s) selected will be assessed once the Bordereau has reached the status of Approved.

Rule Conditions

You can then enter one or many conditions that are to be validated as part of assessing the Rule. Select Add Rule Condition to add one.

Firstly, select a Dataset (Risk, Premium, or Claims fields will be available, depending on the selection in the Dataset field of the Rule) field. Then an Operator that determines the function that is applied to the field. The options are:

• Between
• Not Between
• Equal To
• Not Equal To
• Greater Than
• Less Than
• Greater Than or Equal To
• Less Than or Equal To
• Contains 
• Is Blank

You can then apply the Operator to a field or value, e.g. if you select Greater Than, you may want to apply this to a field, such as Net Premium, or a value, such as 500,000. Depending on your selection, you will be able to enter a value or select another Dataset field. If you select Between or Not Between, then you will be able to enter two values or select two Dataset fields.

On the second and subsequent Rule Condition you create you will first select the Method. You can select either OR or AND. This determines whether both Rule Conditions will need to be met (AND), or whether either Rule Condition will need to be met (OR). You can enter as many Rule Conditions as required, with the appropriate Methods.

Use Rule Template

Rule templates can also be used if created by your Company Admin. Please see the Company Admin – Managing Rule Templates article for further information. To do this, Rule Templates can be selected for use by clicking the Use Template button located next to the Add Rule option. Select the relevant Dataset which will then display all rules available for selection.

Once a Rule Template has been selected the modal will populate the rest of the fields (including Application Condition, Rule Category, Currency, RoE tolerance and Rule Condition). If selected the standard Rule modal will be populated with all fields editable as standard (excluding Rule Category if stipulated on the Rule Template).