How to Solve the Top 5
It takes the Right Analytical Tools to Eliminate Bottlenecks in the Ratings Process.
Segmenting the Book of Business. Generating “what if” scenarios. Drilling-down into the data in the re-rated Book of Business. The efficiency and success of the P&C rating development process depends on the ability to perform these and numerous other tasks with ease.
But at each step in rate development there are often limitations, restrictions, and workarounds imposed by legacy issues in the technology environment. Even common tasks, such as generating on-level premiums for a segment in the Book of Business, or performing a dislocation analysis, can be a real challenge.
With the right tools, the rating process is a snap.