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A Proven Solution for Faster, More Accurate Insurance Rating | |||||||||||||||||||||||||||||||||||
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Insurance rating can be a time-consuming process, chiefly because of the many factors, variables, and calculations required to ensure the ratings accuracy that is so critical to a company's bottom line. DecisionMaker Rating is an insurance rating solution that facilitates the rating development cycle by allowing automated rating and underwriting services to be built from existing Excel™ spreadsheet models. Product managers and actuaries who build ratings directly from spreadsheets generate more accurate ratings than traditional "code and load", or GUI based rule builders. Since virtually all actuaries use Excel™ to develop rating plans, the ability of DecisionMaker Rating to translate data from that work is a huge advantage. DecisionMaker Rating reduces rollout time for new products and their maintenance costs by eliminating what is typically the most error prone and costly aspect of the rating cycle: translating the rating logic into code and loading factor data. What's more, DecisionMaker Rating virtually eliminates the time and effort to learn complicated new GUI or symbolic languages. Flexible XML-based protocol and server architecture allow it to integrate with existing legacy software and scale up to serve huge loads. It can even power a "quick quote" website and simultaneously provide ratings for existing legacy processes.
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DecisionMaker Suite |
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Features
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