Rating

Empower business and underwriting teams to manage rates
using low-code tools and Excel.

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Rating Engine

Real-time enterprise rating for insurers

Build and adjust insurance products quickly to keep pace with market demands.

Market responsive

Make rate changes while maintaining IT
governance with maker-checker models.

Existing Resources

Utilize existing Rater and Actuarial Excel to
build a flexible rating engine.

Decoupled Rating

Externalize rating as a standalone
microservice, allowing adjustments without
impacting core systems.

Flexible Approach

Approaches to Rating

Customize rate management approach based on existing
systems and the needs of business and underwriting teams.

Rater to Rating API

Create new products by converting premium and rating logic present in Rater
Excels into APIs to be consumed by existing and external systems.

Existing BREs

Integrate portals generated by Insillion or third-party partners with existing
Business Rule Engines for rating and premium calculations.

Third-Party Rating Services

Integrate with external rating services such as ISO, and AAIS to enrich
underwriting processes

Low code rating software

Rate management

Advanced tools for IT and business teams to manage rates efficiently.

Configurator

Accept submissions and FNOL via email,
portals, or API integrations.

Versioning

Rater-Excels linked to in-force policies

Rate Modifiers

Construct referral triggers using a mix of or
only Excel-logic and complex code

Test Environments

Trial and test new rate-books before
deployments.

Scale

High availability architecture based on CAT
events

Referral Triggers