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ajricks
 
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Default Another Reason to Hate Insurance Companies (as if you needed one)


Trying to create similar formulas in two different cells that will
analyze AND calculate these formulas based on a third single-cell
containing a drop-down list.

The single-cell drop-down contains the names of six different insurers
that have been set up on a separate sheet and validated on the data
entry sheet (calling this cell "Quoted Company").

Formula cells need to determine a particular premium surcharge based on
each insurer's premium surcharging method (calling these formula cells
"Premium A" and "Premium B"). Four possible results:

1. Insurer 1 adds a surcharge for one coverage @ a particular rate;

2. Insurer 1 adds a surcharge for a second coverage @ a different
rate;

3. Insurers 2 & 3 add a surcharge for all coverages @ a different
rate;

4. Insurers 4, 5 & 6 do not include a surcharge for any coverages, i.e
formula would simply need to return the text "INCL").


The following formulas work for Insurer 1:

=IF(D15="Name of Insurance Company",ROUND(C39*0.01,0))

* bases calculation on developed base price, i.e. cell C39

=IF(D15="Name of Insurance Company",ROUND(C43*0.02,0))

* bases calculation on developed base price, i.e. cell C43


Need to incorporate Insurers 2-6 into each of the above working
examples but can't find a working formula. Any help is appreciated. :0)


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