Simplify the Complexities

Automate and simplify the complexities at every stage of the rating process.

• Multi-tier rating and score-card support.
• Rate updates are performed individually or globally on filings or as a bulk load.
• Future effective date filing definition, testing, and deployment.
• Out-of-sequence and prior-term rating support.
• Perform “what-if analysis” comparing various premium scenarios or separate quote proposals.
• Import large schedules easily and quickly.
• Support multi-jurisdiction and multi-location policies based on the appropriate filings.

Manage Underwriting Risks

• Invoked at any point in the policy lifecycle to price-out risks outside your tolerance or rules.
• Calculate data to drive underwriting rules and/or system behavior.
• Conduct rate impact analysis by running your existing book of business through proposed rate/product changes to determine impact, along with testing, modeling, and product analysis.
• Support multiple writing and rating companies with complete version control, regardless of the number of active rate books or single, multi-state and national filing adoptions.

Data Integrity & Reusability

• Leverage shared or common product definition data across all product lines.
• Pre-quote validations are based on underwriting rules, multiple calculation methods, blended rates, and multiple scenario-based quotes.
• Easy integration with other systems and full reporting on all aspects of rating data.
• Extensive versioning and filing capabilities.
• Validate before rating even begins with complex rating algorithms, multi-variant rating, anniversary rating, and predictive modeling.