• Through screen-based tables, allows definition of deviations and formulas using basic English and math functions.

• The rating engine can be called from any policy management system.

• Supports uploading of Policies and Transactions, and downloading of results in bulk to facilitate testing of a new rating and/or changes to existing ratings.

pasRater.Net provides insurance agents and carriers with a robust rating engine that provides instantaneous calculations to any policy management system for any line of business. This entire software solution operates online, in real-time so all the information that you work with is as accurate as possible. 

Traditional rating processes are slow and filled with human error. pasRater.Net speeds processing time and reduces errors by implementing AI and predictive analytics to provide quotes quickly. It does this while supporting dynamic underwriting guidelines, allocating workload, establishing reserves, and managing flow. 

 pasRater.Net also gives you tremendous flexibility by performing multi-line, multi-state, and multi-location ratings on a single policy. The artificial intelligence and predictive analytics within pasRater.Net enable you to import and export rating tables and manage and maintain rating algorithms giving you total control over the rating process. 

Automation is the key to growing and scaling your business is automation. By automating repetitive tasks, you can grow without having to proportionally increase expenses. Increasing automation also frees up your employee’s time so that they can focus on building relationships, networking, and lead generation. 

pasRater.Net automates the entire rating process beginning with when a customer requests a quote and continuing to when they are ready to renew their policy later on. The software also allows you to upload Policies and Transactions and download results in bulk to allow testing of new rating rules and or changes to existing ratings. This gives you the ability to analyze large data sets in one location to make informed decisions.

However, pasRater.Net is more than just a simple rating engine. It also has advanced modeling capabilities that allow you to predict what will happen in the future. This includes displacement testing which gives you the ability to run a new proposed rate using your current clients which gives you an idea of how the proposed changes will impact the bottom line. Being able to predict what will happen using large data sets takes the guesswork out of making changes within your rating system.