iFoundry Bureau Rating & Analytics

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Overview

Tooling and analytics for Actuaries, Product Managers and Analysts - iFoundry Bureau Rating & Analytics allows you to model and manage your ISO rate plans with ease

iFoundry makes it easy to model rate plans, test these plans, and manage them. Launch a new product, enter a new state, or enable a new channel in days, not months, with out-of-the-box ISO mixed with your proprietary rates. iFoundry allows multiple departments to collaborate in developing, managing, and filing rate plans. The What-if Analysis module provides powerful capabilities to your actuarial teams to assess the impact of ISO changes to your book, even before you publish the rate plan.

Key Features

-Product modeling tools for use by non-technical rating personnel

-Utilization of ISO ERC including initial set up and ongoing digital consumption of updates

-What-if analysis to assess impact of changes

Key Benefits

Harness data- Leverage data to better understand your risks, segments, and markets

-Analyze profitability - Benchmark and analyze offerings to get insight into pricing and profitability

-Design strategies as models - Iteratively prototype and validate your models to form competitive product strategies

-Tailor products for markets / segments - Customize and distribute products to your target audience without translation losses or delays

Product/Service details

SOLUTION OR SERVICE TYPE
Corporate Banking Digital Channel Solutions, Insurance Stand-alone Rating Systems, Product Design and Development Software
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