Conference Highlights: How to Build an Insurance Rating Engine That’s Easy to Manage

rating engine in insurance

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Insurance Rating Engine — How to Build One That’s Easy to Manage

Quoting and pricing is becoming more complex and many insurers are finding their rating engines too inflexible. Modifications require custom code that is opaque to the business analysts responsible for managing the underlying business rules. As a result, rating engines are often error prone, costly, and cumbersome to maintain. In this session, you will learn how a major title insurance company effectively transformed their rating engine to empower non-technical business teams to easily manage it. Gain practical insights on how to minimize IT resources, make calculations easy to understand, and increase agility. This talk was originally presented by Carole-Ann Berlioz, Co-Founder and Chief Product Officer of Sparkling Logic, at the Insurance Tech & Innovation Conference 2024.

Topics include:

  • Why a decision management platform is better than a policy administration system
  • How to accelerate migration and implementation
  • The importance of regression testing

 

Additional Resources on Rating Engines and Insurance:

Conference Highlights

Sparkling Logic’s conference highlights webinars are recordings from conferences and other events that we have attended. Our presentations cater towards business analysts and decision management practitioners who may or may not be familiar with Sparkling Logic’s SMARTS™ business rules and decision management platform. While some use cases are industry-specific, our principles and tips can be applied across the board. You can view all our past webinars and sign up for our periodic newsletter to receive updates on upcoming webinars.

If you’re new to decision management and SMARTS™, here are some resources to get your started:

ABOUT US

Sparkling Logic Inc. is a Silicon Valley-based company dedicated to helping organizations automate and optimize key decisions in daily business operations and customer interactions in a low-code, no-code environment. Our core product, SMARTS™ Data-Powered Decision Manager, is an all-in-one decision management platform designed for business analysts to quickly automate and continuously optimize complex operational decisions. Learn more by requesting a live demo or free trial today.