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  5. Stand-Alone Rating Engines: North America Vendor Spectrum

Stand-Alone Rating Engines: North America Vendor Spectrum

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18 July 2019
Karlyn Carnahan
Craig Beattie
Niall Williams

Key research questions

  • What drivers influence an insurer's desire to purchase a new solution?
  • What features and functionality should an insurer look for when evaluating solutions?
  • What solutions should insurers evaluate when considering a new rating solution?

Abstract

Stand-alone rating engines are used for a variety of reasons — but primarily to externalize the rates, rules, and logic associated with rating from the policy admin system to create speed to market.

This report profiles stand-alone rating engines available in North America for life and property & casualty / general insurance carriers. We provide an overview of the functionality, the customer base, lines supported, the technology, and other information insurers evaluate in a buying situation.

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