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Property & Casualty Stand-Alone Rating Engines

Thursday, December 9th, 2010 | 0 Comments
Novarica recently published a report titled Market Navigator US Property/Casualty Rating Solutions 2010, which provides an overview of the available stand-alone rating solutions for US property/casualty insurers. According to Karlyn Carnahan & Lis Maguda, authors of this report, speed to market is a critical capability to cope with competitive conditions in the insurance marketplace, requiring easy and fast modification of rates and algorithms. read more »

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'carriers who run multiple policy administration systems, web quoting systems, and comparative raters end up with data redundancy, inaccuracies, and duplication of efforts as rating changes are implemented in multiple solutions'