Underwriting rating and reporting software
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.
A more reliable Web Service Rating Engine
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:
- an XML-based interface allowing easy integration with other applications
- support for many different rating methods and can include business rules for example to cover: discounts, adjustments and overrides
- a built-in referral mechanism that can automatically mark items for underwriting or decline items
- versioning of ratings that can be used to support mid-term adjustments as well as initial premium calculation
As a standalone web service, NdexInsure’s Rating Engine can integrate with your systems and with other NdexInsure modules, such as the Web Portal.
More NdexInsure solutions
Start using NdexInsure almost instantly and on a pay-as-you-go basis; hit the ground running with low up-front costs.
SolutionNdexInsure Web Portal
Accelerate transactions, boost efficiency and improve data quality through an advanced web portal that connects you directly with coverholders, brokers, MGAs and IFAs.
SolutionNdexInsure Analytics and AI
Emerging technologies can help you work faster and smarter. Northdoor is extending NdexInsure with advanced new capabilities to help clients sharpen their competitive edge.
Access a comprehensive set of functional modules for managing all aspects of the modern insurance and reinsurance business.
SolutionNdexInsure Services and Consultancy
Building on decades of experience serving the London Market, Northdoor provides a full suite of services to help insurers design, deploy, manage and support NdexInsure.
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