Insurance Stand-alone Rating Systems
tigerlab is a global insurtech startup company that provides a trusted insurance platform, specialising in Embedded Insurance and P&C Insurance Solutions. We promote digital change by offering a highly customisable insurance platform covering the whole policy lifecycle from quote-to-bind, policy administration and claims (among many others) due to a modular set-up with more than 1000 APIs.
Our rating engine is an essential part of the quoting and underwriting processes. It automates the customers' quote-to-binding workflow with rules and rates tailored to individual business needs.
It can be used as a standalone rating engine or integrated into the software as a service. Customers can automatically populate data into the accounting, analytics, and management systems, removing the need to rekey any data.
As the solution is API-driven, third-party APIs can be integrated into the rating engines for efficient automated underwriting making an impact to future-proof your distribution.
The rating engine can perform table-based ratings and rules based on the possibility of executing algebraic and complex calculations in real-time.
- ISO Certified.
The rating engine is based on a no-code concept. Non-technical users can do it all without any assistance as no programming skills are needed through an easy-to-use web interface. It can translate risk into pricing and input risk consisting of multiple data types with data type-related parameters, itching holding individual factor values.
Rating Engine as a service brings scalability, and flexibility, as well as operating on a high-performance level, prioritising speed and accuracy.
The rating engine is product agnostic - multiple products have been launched using the rating engine from commercial lines to telematics (pay-how-you-drive), motor, property, Home, GAP, Travel and Liability.