Underwriting & Rating Engine

Engineer technical profit through rigorous risk assessment and precise pricing control, empowering your underwriters with data-driven decision支援.

Configurable Risk Assessment

Standardize your risk evaluation process across all product lines. The Underwriting module features dynamic risk assessment questionnaires tailored to the specific attributes of the risk class—whether examining a ship's hull for marine insurance, a building's fire prevention systems for commercial property, or a driver's experience for motor cover. This structured data collection ensures that every policy is underwritten on a foundation of consistent, high-quality information.

Integration with historical claims data provides underwriters with instant awareness of the applicant's loss history, enabling appropriate pricing adjustments or risk avoidance as necessary.

Advanced Rating & Premium Calculation

Move beyond static rate-sheets. Our sophisticated rating engine allows for the definition of complex, multi-factor premium calculation rules. Underwriters can configure base rates, load for specific risk factors (e.g., driver age, building construction type), and apply credits for protective measures. The engine automatically handles intricate calculations for No-Claims Discounts (NCD), multiple-item discounts, and policy fees, ensuring that quotes are mathematically perfect and commercially competitive.

Native support for both USD and ZiG rating structures allows your organization to respond with agility to changing economic conditions or regulatory pricing directives.

Governance & Referral Workflow

Ensure organizational pricing discipline through automated referral hierarchies. The system enforces maximum individual underwriting authority levels; risks exceeding these thresholds are automatically diverted to a referral queue for review by a senior authorized underwriter. This governance maintains oversight of high-exposure risks while providing a transparent internal audit trail of underwriting decisions.

Coinsurance management capabilities allow for the structured splitting of large risks between multiple insurers, with automated calculation of participation shares and lead-insurer fees.