Vlocity Rating Engine

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.

Overview

The Vlocity cloud-based rating engine provides fast, flexible rating on the Salesforce platform. It supports all lines of insurance, including P&C, Life, Health and Group Benefits.

Key Features

  • Implement simple or complex rating procedures without code using a drag & drop user interface.
  • Look-up factors and rates using matrices, and calculate premiums using sequential algorithms. Load tables with csv import, and manage with effective dating and versioning.
  • Test with step-by-step simulation mode, or in bulk with open APIs.
  • Call out to any data source in real-time.

Key Benefits

  • Agile, code-free platform enables innovation and fast time to market
  • 100% integration with Salesforce enables rating and quoting to be incorporated into the customer journey
  • Supports all product lines including P&C Personal and Commercial lines, Specialty lines, Life & Annuities, Health Insurance and Group Benefits
  • Vlocity integration tools enable no or low code integration with external systems
  • 3x annual product releases ensure ongoing innovation

Product/Service details

SOLUTION OR SERVICE TYPE