Rating Engines Reviews and Ratings
What are Rating Engines?
Rating engines are systems designed to calculate premiums or prices for products and services, primarily used in the insurance and financial sectors. They assess various factors like risk, customer profiles, and policy details to determine accurate pricing. These engines are crucial for offering competitive rates, ensuring profitability, and adhering to regulatory standards. In addition, they are flexible, scalable, and integrate seamlessly with other business systems, providing real-time calculations to support decision-making processes.
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MavenBlue is a Dutch InsurTech. It was founded in 2016 by two distinct groups of people. Firstly people with a background in policy admin systems for insurers. And secondly actuarial specialists. Together they built two solutions. A balance sheet management solution designed for the requirements of insurers. And a pricing solution that helps insurers integrate their pricing models directly into their core systems.
CloudBlue is a Software-as-a-Service (SaaS) enterprise specializing in assisting companies in their transformation process, irrespective of their placement in the supply chain. It offers a managed marketplace platform which simplifies the distribution of subscription-based solutions in the everything-as-a-service environment. CloudBlue's technology manages all the processes necessary to realize everything-as-a-service commerce, enhancing the efficiency and profitability of businesses. The company provides its services to a large number of enterprises across the world, handling numerous cloud subscriptions.
EZLynx specializes in the development of innovative and advanced cloud-based software that addresses and solves the challenges of the property and casualty insurance industry. It established in 2003 and has since dedicated its efforts to enhancing the operations of independent agents. They first tackled the pervasive industry issue with inaccurate rates which led to the pioneering creation of the EZLynx Rating Engine. This engine provides real-time rating, enabling agents to generate multi-insurance accurate rate quotes through a single entry. EZLynx has continuously expanded its solutions to cater to different aspects of agency life. Their range of services includes automated email marketing systems, consumer-facing quoting, customer lifecycle management, and website solutions that aim to efficiently streamline the communication between insurance agents, carriers, and end consumers.
Guidewire operates as a platform favored by Property and Casualty insurers to stimulate growth, digital engagement, and innovation. The company integrates core, machine learning, analytics, and digital technology to provide its platform services via the cloud. It is utilized by over 500 insurance firms across 38 nations, accommodating fresh ventures to the heaviest and intricate insurance companies globally. Guidewire also offers reliable support for successful project execution, backed by an extensive Research and Development team along with a vast partner ecosystem extending across the industry. Furthermore, it owns a marketplace featuring numerous applications designed to enhance integration, customization, and innovation.
Mendix is the enterprise-grade low-code platform for organizations with ambitious digital transformation goals. Purpose-built to tackle complex software development challenges, Mendix empowers businesses to transform ideas into impactful outcomes. Mendix, a Siemens business, helps enterprises modernize core systems, drive innovation, and deliver business-critical applications. Multi-disciplinary teams engage across the development lifecycle, ensuring collaboration and alignment on high-impact initiatives. Mendix goes beyond traditional low-code solutions with AI-powered development that provides guidance, enforces best practices, and optimizes application performance. Harness the power of AI to deliver solutions with human-like intelligence, insight, and awareness without requiring expertise in AI, ML or GenAI. With a focus on governance, quality, and enterprise-grade security, Mendix is designed to deliver value across the enterprise and scale seamlessly.
OneShield is a business solution provider catering to property and casualty insurers and Managing General Agents (MGAs) across the board. The firm offers a suite of cloud-based and Software-as-a-Service (SaaS) platforms, which encompass policy management, billing, claims, rating, relationship management, product configuration, business intelligence, and smart analytics. These solutions are tailored for personal, commercial, and specialty insurance with functionality across over 80 lines of business. Clients enjoy benefits like refined workflows, pre-packaged content, easy upgrades, collaborative implementations, and cost-effective pricing models, designed to lower the total cost of ownership. OneShield has a worldwide presence with a corporate office in Marlborough, MA, and several more in India.
Founded in 1976, CGI provides strategic IT and business consulting services to companies and government organizations around the world. The company's 91,500 employees work across 21 industry sectors in 400 locations. CGI's mission of providing industry and technology expertise to help meet the needs of customers and citizens has resulted in 40+ years of continuous growth.
Solartis is a technology and outsourcing company specialized in providing solutions for insurance policy lifecycle processes. The company proposes two main services: Solartis Insure, a cloud-based, low code, fully configurable platform that supports policy administration for all Property and Casualty (P&C) insurance lines; and Solartis Administer, a business process outsourcing service that supplements policy operations through human support, process automation, and workflow management technologies. The services from Solartis are designed to enable faster market entry and effective cost reduction. The company's platform is underpinned by a microservice architecture and supports integration with various business processes to streamline policy management.