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Ratabase(R)

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Overview

CGI Ratabase(R) provides a robust set of rating and product configuration tools along with a powerful calculation engine that allows you to build, design and release competitive products in the fastest possible time. With over 100 successful installs and the largest client base in the industry, CGI Ratabase is the standalone rating solution you can trust.

Key Features

Easy-to-use: Web based Product Builder allows business users to quickly build or import tables, rating algorithms and rules, including support for multi-variate rating.

Build once, use again: A library of common functions allows users to focus on building business value, not writing formulas. Rate tables and formulas can be developed once and then copied or shared across legal entities, insurance products and geographies.

Support for any product, anywhere: The Product Builder supports the development of any insurance product, including personal, commercial, specialty and life / accident lines.

Global: Ratabase is currency-agnostic, allowing you to configure products in any geography or currency. Advanced versioning: Ratabase allows you to manage product versions by channel, effective date or other criteria.

What If scenario testing - hypothetical rate change scenario modelling - checking new changes against a baseline to assess impact.

Powerful testing tools: The built-in testing tool allows users to test complex rating and rule configurations so they can see the impact before deploying.

Data enriched: Easy integration allows you to quickly retrieve and use external data in any rating process.

High interoperability: The “build once / deploy anywhere” model allows you to integrate with any system, including policy administration, automated underwriting, agency management, web quoting, rate modeling, enterprise incentive management systems and more.

Fast and scalable: The calculation engine is high performance and scalable, benchmarked as high as 3.8 million policies in one hour.

Key Benefits

Proven : Largest client base of any standalone rating engine with 100+ successful implementations Implemented at 12 of the top 20 global insurance carriers. Implementation and support from a highly experienced Ratabase team with an average customer satisfaction score of 9.7 out of 10 95% of CGI projects are delivered on time and within budget using an ISO 9001 certified delivery framework and industry best practices

Efficient - places the rate making process in the hands of the business user. This includes product creation, modification, testing, modelling and deployment from a single platform. Clients see 50% improvement in staff efficiency and have been able to double DWP without the need for additional resource to support that growth. Ratabase supports all lines of business Property / casualty, life and accident, surety, specialty lines or health

Integrated - Integrated to more than 20 different policy administration platforms. Capability to reach out to internal or external data sets for dynamic pricing.

Powerful - More than 65% of US DWP flows through Ratabase. The highly performany calculator is able to process more than 4000 data items in premium calculation in sub second time frames and deal with millions of transactions per hour.

Award Winning - Has received many industry awards including the highest ranking in Celent’s report on P&C stand-alone rating systems An active user community allows our customers to influence product direction and network with other users

Product/Service details

SOLUTION OR SERVICE TYPE