Overview
The By Bits Rating Engine gives you greater flexibility and control to meet the customer demands for usage based insurance and more competitive pricing.
Key Features
- No Developer need to create, manage and publish models
- Machine learning and AI ready. All quotes stored and accessible for future model training.
- Usage based pricing out of the box (inc. pay-by-mile)
- Transactional pricing (only pay for quotes generated)
- Integrates direct with Excel and integrates with your applications using a fully documented API
- High frequency, low latency pricing. Scale to millions of quotes per day.
- Forever versioning - access any previous model version at anypoint
- Real-time analytics of performance
- Publishing modes - Now, scheduled or ghosting
Key Benefits
Trusted, proven, and secure - We are ISO 27001 certified for data security. Our technology has scaled to serve millions of quotes, insure millions of journeys and manage thousands of policies.
Change your prices quickly - Give your customers the best prices by being able to amend, version, test and deploy your price changes in minutes, without a developer.
Get going without a developer - With our straightforward syntax language and easy interface, you can can write, test and deploy models fast and without a developer.
Only pay for quotes priced - We scale to meet your demand and distribution channels and only charge you for the number of quotes that are priced.
Future-proofed - Customer-centric products, like Usage-Based Insurance, are essential for long term customer retention. Our platform ensures you can offer these products now.