The exciting, new DRC Rater, is a powerful innovation for insurers to fully automate existing Excel® raters and other manual or legacy pricing tools.
From a pricing engine to a centralized, version controlled repository that ensures safety and security of all intellectual property and data, the DRC Rater offers a complete solution to automate and expedite pricing, indication and underwriting decision making and obviate outdated Excel® raters and pricing tools.
all data in a centralized version controlled repository that keeps internal IP safe
all underwriting rules and pricing guidelines
of large schedules of risk data through a familiar Excel®-like browser experience
as well as apply credits and debits to obtain market prices
and other PDF output for inclusion in submission packets
for use in analytics and export from the rating system into a system of record via JSON/XML/direct SQL calls
To demonstrate the power and prowess of our technologies, we offer a no-cost two-week proof-of-concept (POC) and deployment of a client's Excel® rater on the DRC insurance platform. Within two weeks, our product configuration analysts will modify the existing Excel® rater to match the DRC Rater requirements to create a live RESTful web service for pricing, a risk description web portal for users to enter risk data and a callable underwriting rules engine.
risk data capture screens
This lightweight, cost-effective service faithfully replicates even the most complex rater, and is deployed on enterprise-level infrastructure and a SQL Server database foundation.