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.
"Transitioning from Legacy Systems: Testing Phase Challenges"
We started an initial discussion meeting in order to understand business needs and how to replace our old system that was out of maintenance for a long time. To possible strategies have been evaluated: upgrade old our existing tool or to choose new tool like TigerLab. My roles was to helped my customer to evaluate the functionalities an challenges of TigerLab and my role was also to support purchase manager in negoziathion phase.
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