Rating Engine

A holistic, complete bundle, the Jarus Rating Engine is a calculation engine that evaluates the risks and computes premiums based on the rates and the rating logic that apply for each risk. Further, the engine performs rate testing and histogram comparisons to easily understand and view the effect of rate changes providing room for implementation of learned insights.

Benefits

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Multi-User Friendly

With a very minimal learning curve business users and analysts can define workflow, products definitions, rating logic and rules.

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Tailor-made Rate Tables

Create custom rate tables using the web UI and specify columns, order and data type. Lookup rates using an exact match or get interpolated rates. Specify rates for each additional amounts.

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Open and Modular

Mix and match rules and rating components with other best-of-breed solutions. Replace only what you must.

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Ease of use

Separates ‘what’ and ‘when’ from ‘how’ without any special syntax, resulting in simplicity and readability.

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Speed-to-market

Shrink time-to-market to implement rating for new states and products. Quickly introduce rate, rule and form changes.

Key Features

Rate logs

Compute premiums at coverage, risk item and product/policy level. Analyze the steps and results in detail, using rate logs.

Change Management

Maintain rates, rating logic and different business rules using the Product Configurator. Clone, version and audit with change management.

Monoline and multi-lin

Support rules and rating for monoline and multi-line package policies seamlessly.

Simple Syntax

Use Excel like syntax - for example “Min”, “Max” for rating, and “Refer”, “Reject” for rules.

Get in touch

For a detailed list of features or to schedule a demo, please contact us by email sales@jarustech.com or phone (412) 922-5432