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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.
Other Policy Administration

Guidewire PolicyCenter
By: Guidewire Software
https://www.guidewire.com/products/policycenter
An automated underwriting module that offers risk assessment tools, automated decision-making based on rules, integration with third-party data sources, real-time pricing, workflow management, and comprehensive analytics for underwriters.

Socotra Policy Core
By: Socotra
https://www.socotra.com/products/policy-core/
A cloud-native policy administration system with a flexible rating engine that supports complex rating algorithms, version control, and auditability. The platform allows for real-time quoting, rating modifications without coding, and integration with external data sources.

Earnix Price-It
By: Earnix
https://earnix.com/insurance/solutions/pricing/
A comprehensive rating and pricing solution specifically designed for insurance companies. It offers advanced analytics, machine learning capabilities, real-time deployment, scenario modeling, and optimization techniques to determine optimal pricing strategies.

Instec Policy
By: Instec
https://www.instec-corp.com/policy-system/
A policy administration system with an integrated rating engine that includes pre-built bureau content (ISO, NCCI, etc.). The rating engine supports complex algorithms, bureau updates, and custom modifications while ensuring compliance with regulatory requirements.

Solartis Insure
By: Solartis
https://www.solartis.com/insurance-policy-administration-system/
A microservices-based insurance platform with a flexible rating engine that supports complex pricing models and real-time quoting. The rating engine handles multi-state, multi-line rating and can be deployed as a standalone solution or integrated with existing systems.

Acturis System
By: Acturis
https://www.acturis.com/insurers/
A comprehensive insurance platform with an integrated rating engine that supports complex rating algorithms across multiple lines of business. The rating engine facilitates real-time quoting, comparison capabilities, and rule-based underwriting.

Covey Rating Engine
By: Covey Awards
https://coveyawards.com/rating-engine/
A configurable rating engine that supports complex rating algorithms, enabling both users and actuaries to modify and implement rating structures efficiently without heavy IT intervention.

PASS_Insurance Rating Engine
By: RGI Group
https://www.rgigroup.com/products/pass-insurance
Flexible rating engine as part of the PASS_Insurance policy administration suite. Supports customized tariffs, dynamic pricing structures, real-time calculation, and high-volume transaction processing.

Insuresoft Diamond Rating
By: Insuresoft
https://www.insuresoft.com/diamond-suite/rating/
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.

BriteCore Platform
By: BriteCore
https://www.britecore.com/platform
A comprehensive insurance platform with an integrated rating engine that supports both standard and complex rating algorithms. The rating engine features drag-and-drop configuration, versioning capabilities, and supports multi-state, multi-line rating scenarios.

SAS for Insurance
By: SAS
https://www.sas.com/en_us/industry/insurance.html
This solution includes capabilities for predictive modeling, risk assessment, and dynamic pricing, integrating seamlessly with policy administration systems to enhance rating accuracy and insights.