Rating Engine for Complex P&C Pricing

Build, test, and deploy rating and underwriting rules with full version control and rate-impact analysis. Manage complex, multi-structure rates and reach accurate quotes faster.

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Complex Rules and Rates, Made Easy

Saving your business time and money while eliminating risks, OneShield Rating is a configurable solution with a data-driven model, letting you accurately create, update, test, and deploy the rating and underwriting rules that drive your business.

Key capabilities:

• Multi-tier rating and score-card support
• Rate updates performed individually or globally, on filings or as a bulk load
• Future-effective-date filing definition, testing, and deployment
• Out-of-sequence and prior-term rating support
• "What-if" analysis comparing premium scenarios or separate quote proposals
• Fast import of large schedules
• Support for multi-jurisdiction and multi-location policies, matched to the appropriate filings

Risk Mitigation

Manage Underwriting Risks

Rules and rating work together, so pricing reflects your risk appetite before a policy is issued.

Key capabilities:

• Invoke rules at any point in the policy lifecycle to price out risks outside your tolerance
• Calculate data to drive underwriting rules and system behavior
• Run rate-impact analysis on your existing book of business against proposed rate or product changes, with testing, modeling, and product analysis
• Support multiple writing and rating companies with full version control, regardless of how many active rate books or filing adoptions you manage

Data Integrity

Trust Every Number

Define rating data once and rely on it everywhere, from quoting through integration and reporting.

Key capabilities:

• Shared, common product-definition data, reused across every product line
• Pre-quote validation based on underwriting rules, multiple calculation methods, blended rates, and scenario-based quotes
• Easy integration with other systems, and full reporting across all rating data
• Extensive versioning and filing capabilities

“In OneShield Software, PURE has found a partner with a similar view of the purpose of technology: to enhance efficiencies and provide exceptional service.”

SVP and Chief Information Officer

62 Forest St. Marlborough, MA 01752-3028 USA