Insurer Rating from Innovation Group provides carriers with expanded rating capabilities that enable blanket rating, experience rating and schedule rating. It also supports micro-rating demonstrated with an implementation of 750,000 rating factors for auto. Supporting all size insurers, Insurer Rating provides quote through renewal and can be used stand-alone or out-of-the-box with Insurer Policy.
If integration with other solutions can be mitigated, carriers do not have to create cross reference and dependency and workflow rules from scratch as Insurer manages those as features of the core solution.
The Insurer Rating solution is comprised of the following modules: Rate Base; Rate Factor; Class Plans; Commissions; Fire Protection; Graduated Curves; Premium Capping; Taxes; Territory; and, Vehicle Make List.