Underwriters must provide their brokers with accurate quotations for business presented to them. A rating engine built using spreadsheets can allow an underwriter to produce an indicative quotation, including referral alerts, in a timely manner but can have a number of weaknesses. Typically, making sure that the right people have the right spreadsheet, that brokers don’t make unauthorised changes and most importantly that everyone is using the same version of the model.
Northdoor has an application platform for providing these business critical services.
NdexInsure’s Rating Engine is a dynamic and configurable web service application that can be used to rate multiple lines of business.
This online engine has:
As a standalone web service, NdexInsure’s Rating Engine can integrate with your systems and with other NdexInsure modules, such as the Web Portal.