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Insuresoft Diamond Rating from Insuresoft

Highly-configurable rating engine integrated into the Diamond Suite, supporting state-specific and multi-line rating algorithms, batch/real-time rating, and extensive audit/version controls.

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Product analysis by function

Rating Engines for Policy Administration

Software that calculates premiums based on risk characteristics, coverage options, and rating algorithms. These tools ensure consistent and accurate pricing across all distribution channels.
More Rating Engines More Policy Administration ...

Core Rating Logic
(0 Yes /0 Known /15 Possible features)

Integration Capabilities
(0 Yes /0 Known /14 Possible features)

Configurability & Flexibility
(0 Yes /0 Known /12 Possible features)

Performance & Scalability
(0 Yes /0 Known /11 Possible features)

Compliance & Regulatory Support
(0 Yes /0 Known /11 Possible features)

Test and Quality Assurance
(0 Yes /0 Known /10 Possible features)

User Experience & Usability
(0 Yes /0 Known /10 Possible features)

Security & Data Protection
(0 Yes /0 Known /10 Possible features)

Analytics & Reporting
(0 Yes /0 Known /10 Possible features)

Deployment & Operations
(0 Yes /0 Known /9 Possible features)

Support & Vendor Services
(0 Yes /0 Known /8 Possible features)

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Custom Rating Algorithm Support Ability to define and manage custom rating logic and algorithms, adaptable to changing actuarial requirements.		No information available
Multi-line Support Supports rating logic for multiple lines of insurance (e.g., property, auto, life).		No information available
Version Control of Rating Rules Tracks different versions of rating algorithms with effective/expiry dates.		No information available
Real-time Rate Calculation Performs rating computations in real time for fast quote turnaround.		No information available
Batch Processing Capability Rates large volumes of policies simultaneously for renewals or re-balancing.		No information available
Dynamic Input Handling Accepts variable or custom inputs for calculations depending on product design.		No information available
Pre-built Templates Includes starter templates for common insurance product types and calculations.		No information available
Validations and Error Handling Automatically checks input data for consistency and notifies users of errors or anomalies.		No information available
Rate Table Management Allows for the import, export, and management of rate tables used in calculations.		No information available
Support for Rating Factors Handles diverse rating factors (driver age, location, coverage limits, etc.) within algorithms.		No information available
Multi-State/Region Rating Ability to apply state- or region-specific rating logic and compliance rules.		No information available
Automated Recalculation Detects data changes and automatically recalculates affected premiums.		No information available
Hazard and Tier Assignment Dynamically assigns risk tiers or hazard classes impacting the rating.		No information available
Experience/Exposure Rating Supports specialized rating methods using claims history or exposure data.		No information available
Base Rate Management Flexible management of base rates and their adjustment over time.		No information available

API Integration Exposes rating logic via REST/SOAP APIs for seamless use by portals, agencies, and partners.		No information available
Data Import/Export Supports importing and exporting of rating data in standard formats (CSV, XML, JSON).		No information available
Policy Administration System (PAS) Connectivity Provides out-of-the-box or configurable interfaces to policy admin systems.		No information available
Document Management Integration Connects to document generation and management tools for the creation of rating documentation.		No information available
Third-party Data Provider Integration Ability to pull in external data (credit, telematics, catastrophe, etc.) into rating calculations.		No information available
Underwriting Integration Seamlessly interacts with underwriting systems and workflows.		No information available
Legacy System Support Interfaces with older systems often used by large insurers.		No information available
Real-time Quote Delivery Enables delivery of quotes to web/app distribution channels in real time.		No information available
Front-end UI Integration Connects with user-facing applications for quote and bind processes.		No information available
API Call Latency The average response time for a rating API call.		No information available
Concurrent API Users Supported Number of simultaneous API consumers the system can handle efficiently.		No information available
Event Notification/Webhooks Pushes notifications or events to other systems when certain rating events occur.		No information available
Custom Integration SDKs Provides SDKs or toolkits to facilitate integration with custom applications.		No information available
Single Sign-On (SSO) Supports SSO to streamline user authentication across integrated systems.		No information available

No-code/Low-code Rule Editing Allows business users to modify rating logic without programming.		No information available
Custom Field Support Easily add, remove, or modify input fields and variables for new products.		No information available
Dynamic Workflow Designer Design and adjust rate calculation workflows visually.		No information available
Conditional Logic Handling Create complex conditional rules for different situations.		No information available
Business Rules Engine Rules engine for defining and managing non-technical business logic.		No information available
Granular Permission Settings Control who can view, edit, or publish rating changes.		No information available
Multi-language Capabilities Supports multiple languages for global or multi-lingual deployments.		No information available
Product Version Management Manages different product and rating versions concurrently.		No information available
Simulation/Sandbox Environment Test and preview rating changes in a safe non-production environment.		No information available
Change Approval Workflow Built-in process for reviewing and approving rating updates.		No information available
Rule Cloning & Reuse Rapidly duplicate and adjust existing rating rules for new use cases.		No information available
Internationalization (i18n) Easily adapt rating logic for different currencies, geographies, and languages.		No information available

Average Calculation Time Typical duration of a single premium calculation in a standard environment.		No information available
Peak Transactions Per Second Maximum supported rating transactions per second, under load.		No information available
Concurrent Quote Processing Number of simultaneous quote calculations handled without degradation.		No information available
Auto-scaling Support Can automatically scale system resources based on demand.		No information available
High Availability (HA) Designed for minimal downtime with redundancy and failover.		No information available
Disaster Recovery (DR) Has disaster recovery strategies for quick restoration in case of system failures.		No information available
Service Level Agreement (SLA) Uptime Guaranteed system uptime in production environment.		No information available
Geographically Distributed Deployment Deploys rating compute resources across multiple regions/data centers.		No information available
Load Balancing Distributes rating requests across multiple servers for optimal speed.		No information available
Resource Utilization Dashboard Provides admin dashboards showing active load and resource usage.		No information available
API Rate Limiting Configurable thresholds to prevent system overload from excessive requests.		No information available

Audit Logging Tracks all rating rule changes and calculation executions for full auditability.		No information available
Regulatory Rule Templates Built-in rules/templates for common state and country compliance scenarios.		No information available
Automated Compliance Checking Flags rating approaches that violate known regulatory requirements.		No information available
Documentation Generation Automatically prepares documentation of rating algorithms for regulators.		No information available
Change Traceability Ensures all changes to logic are tracked by user, timestamp, and rationale.		No information available
Regulator Portal Access Offers restricted access for regulatory review of configuration.		No information available
Surcharge/Discount Rule Compliance Automatically enforces allowed surcharges and discounts for each jurisdiction.		No information available
State Filing Support Assists in preparing filings for rating changes with departments of insurance.		No information available
Retention Policy Management Configurable retention periods for data in accordance with legal requirements.		No information available
GDPR/CCPA Readiness Supports controls for privacy and data protection compliance.		No information available
Redlining Detection Helps detect unlawful discrimination in rating algorithms.		No information available

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Financial Technology Year

Insuresoft Diamond Rating from Insuresoft

Product analysis by function

Rating Engines for Policy Administration

Core Rating Logic
(0 Yes /0 Known /15 Possible features)

Integration Capabilities
(0 Yes /0 Known /14 Possible features)

Configurability & Flexibility
(0 Yes /0 Known /12 Possible features)

Performance & Scalability
(0 Yes /0 Known /11 Possible features)

Compliance & Regulatory Support
(0 Yes /0 Known /11 Possible features)

Test and Quality Assurance
(0 Yes /0 Known /10 Possible features)

User Experience & Usability
(0 Yes /0 Known /10 Possible features)

Security & Data Protection
(0 Yes /0 Known /10 Possible features)

Analytics & Reporting
(0 Yes /0 Known /10 Possible features)

Deployment & Operations
(0 Yes /0 Known /9 Possible features)

Support & Vendor Services
(0 Yes /0 Known /8 Possible features)

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Automated Test Suite Includes built-in automated tests to validate rating outcomes.		No information available
Regression Testing Support Ensures new rating rules do not introduce errors into existing logic.		No information available
Scenario Simulation Enables creation and execution of what-if or scenario testing.		No information available
Rate Comparison Tool Compares outputs before and after rule changes for accuracy.		No information available
Approval Gates for Deployment Automated or manual approval required before changes go live.		No information available
Automated Error Reporting Logs and reports errors occurring during calculations.		No information available
Test Data Management Tools for creating, storing, and maintaining test cases and sample data.		No information available
Roll-back Capability Instantly revert rating rules to a previous version if an issue is found.		No information available
Code Coverage Metrics Provides stats on test coverage for custom algorithms.		No information available
Synthetic Data Generation Generate random but realistic datasets for testing.		No information available

Intuitive User Interface User-friendly dashboard for configuring, monitoring, and managing rating logic.		No information available
Customizable Dashboards Users can personalize data views and analytic dashboards.		No information available
Help & Tooltips Contextual help, documentation, and tooltips embedded throughout.		No information available
Guided Workflows Wizard-style screens to support untrained business users.		No information available
Role-based User Access Differentiated access for actuaries, product managers, and IT staff.		No information available
Bulk Editing Tools Easily make changes to multiple products or rules at once.		No information available
In-product Training Modules Learning/training integrated into the product for faster onboarding.		No information available
Search and Filtering Find rules, products, or documentation quickly via search.		No information available
Accessibility Standards Meets standards for accessibility (WCAG, ADA, etc.).		No information available
Mobile-friendly Interface Optimized for use on mobile devices and tablets.		No information available

Data Encryption at Rest All data stored by the system is encrypted and protected from unauthorized access.		No information available
Data Encryption in Transit Protects data as it moves between systems and users.		No information available
User Authentication Mechanisms Supports modern authentication (OAuth, SAML, etc.).		No information available
User Activity Monitoring Monitors and logs all user activity in the system.		No information available
Role/Permission-based Access Restricts sensitive configuration actions to approved personnel.		No information available
Regular Vulnerability Scanning Proactively checks for and remediates security weaknesses.		No information available
Multi-factor Authentication (MFA) Requires multi-step authentication for high-privilege actions.		No information available
Security Patch Management Automated or tracked deployment of security updates.		No information available
Data Masking Obscures sensitive data in test or reporting environments.		No information available
Intrusion Detection/Prevention Monitors for unauthorized access attempts in real time.		No information available

Premium Distribution Analysis Shows how premiums are distributed across insured populations, geography, or other factors.		No information available
Loss Ratio Reporting Calculates and displays loss ratios based on input data and rating results.		No information available
Trend Analysis Tools Detect trends in rating inputs, outcomes, or business performance.		No information available
Outlier Detection Reporting Identifies anomalous rating results automatically.		No information available
Export to Excel/CSV Allows full data export for further offline analysis.		No information available
Drill-down Analytics Explore rule or input-level contributions to final pricing.		No information available
Custom Report Builder Create bespoke reports tailored to organization needs.		No information available
Scheduled Reports Automate creation and delivery of analytic reports.		No information available
Visualization Tools Graph and visualize rating outputs and trends.		No information available
Integration with BI Tools Pushes data into external BI solutions (e.g., Tableau, Power BI).		No information available

Cloud Deployment Option Available as a hosted SaaS or private cloud deployment.		No information available
On-premises Deployment Option Can be installed and operated within a client data center.		No information available
Continuous Delivery Support Supports modern DevOps and CI/CD pipelines.		No information available
Zero-downtime Updates Allows release of new features/fixes without interrupting rating service.		No information available
Containerization Support Supports deployment as containers (e.g., Docker, Kubernetes).		No information available
Automated Backups Configurable data backup and restore processes.		No information available
Multi-environment Management Handles development, QA, staging, and production environments.		No information available
Monitoring & Alerting Active system health monitoring and alerts for issues.		No information available
Change Management Controls Integrated change management tools for tracking and approving changes.		No information available

24/7 Technical Support Vendor provides round-the-clock technical support services.		No information available
Dedicated Account Manager Single point of contact for your account and escalations.		No information available
Implementation Consulting Professional services for system setup and go-live.		No information available
Training Services Onsite/remote training for business, IT, and actuaries.		No information available
Online Knowledge Base Extensive documentation, FAQs, and how-to resources.		No information available
Service Level Agreements (SLAs) Contractual uptime and issue resolution guarantees.		No information available
Community Forums Peer-to-peer support and product community interactions.		No information available
Customer Success Program Proactive engagement to help you meet business goals.		No information available

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Financial Technology Year

Insuresoft Diamond Rating from Insuresoft

Product analysis by function

Rating Engines for Policy Administration

Core Rating Logic (0 Yes /0 Known /15 Possible features)

Integration Capabilities (0 Yes /0 Known /14 Possible features)

Configurability & Flexibility (0 Yes /0 Known /12 Possible features)

Performance & Scalability (0 Yes /0 Known /11 Possible features)

Compliance & Regulatory Support (0 Yes /0 Known /11 Possible features)

Test and Quality Assurance (0 Yes /0 Known /10 Possible features)

User Experience & Usability (0 Yes /0 Known /10 Possible features)

Security & Data Protection (0 Yes /0 Known /10 Possible features)

Analytics & Reporting (0 Yes /0 Known /10 Possible features)

Deployment & Operations (0 Yes /0 Known /9 Possible features)

Support & Vendor Services (0 Yes /0 Known /8 Possible features)

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Core Rating Logic
(0 Yes /0 Known /15 Possible features)

Integration Capabilities
(0 Yes /0 Known /14 Possible features)

Configurability & Flexibility
(0 Yes /0 Known /12 Possible features)

Performance & Scalability
(0 Yes /0 Known /11 Possible features)

Compliance & Regulatory Support
(0 Yes /0 Known /11 Possible features)

Test and Quality Assurance
(0 Yes /0 Known /10 Possible features)

User Experience & Usability
(0 Yes /0 Known /10 Possible features)

Security & Data Protection
(0 Yes /0 Known /10 Possible features)

Analytics & Reporting
(0 Yes /0 Known /10 Possible features)

Deployment & Operations
(0 Yes /0 Known /9 Possible features)

Support & Vendor Services
(0 Yes /0 Known /8 Possible features)