Product related risk factor
Regulations in the financial industry require that you assess the risk profile of your individual and organization customers.
The product related risk factor applies to individual and organization customers. Direct costs, for example, claims, discounts, and product recalls, can have a huge impact on a company. Indirect costs, such as loss of market share and deteriorating reputation, can have a similar impact.
The product related risk is calculated based on product vulnerability in the Add products step. A flag is set as Yes or No for each vulnerable product in the product matrix table. If the product is vulnerable, it adds a score of 50 to the risk calculation. If it is not vulnerable, the added score is 0.
The risk is calculated using the ProductRelatedRisk and ProductVulnerabilitiesScore expressions.
The risk for each product is calculated whenever you click Save in the case.
Rule name | Class | Type | Ruleset | Description |
---|---|---|---|---|
ProductRelatedRisk | PegaFS-Data-RiskProfile | Scorecard | PegaFS | Evaluates the product related risk. |
VulnerableValue |
| Map value | PegaFS | If the product is vulnerable, it adds a score of 50. If it is not vulnerable, the added score is 0. |
ProductVulnerabilitiesScore | PegaFS-Data-RiskProfile | Declare expression | PegaFS | Sums up all vulnerable scoring values from the list of products in the WorkFolder class. |
VulnerableValue | PegaFS-Data-RiskProfile | Declare expression | PegaFS | The result of VulnerableValue map value. |
ProductVulnerabilityRiskScore | PegaFS-Data-RiskProfile | Declare expression | PegaFS | Populates the ProductVulnerabilityRiskScore score from the scorecard. |
ProductInformationSave | PegaFS-Data-Party-MasterProfile | Declare trigger | PegaFS | Runs when the ProductAdoption pagelist is changed. Adds the product information on the risk profile page. |
For more details about how to extend customer risk properties, see the Implementation Guide on the Pega Client Lifecycle Management for Financial Services page.
Previous topic Occupation information risk factor Next topic Related parties risk factor