Kerri Urrutia | Product Sales Executive | Verisk How to increase employee engagement and productivity while enriching insurance products.Join this complimentary webcast to learn how this new solution can help increase competitiveness and profitability. RaaS, powered by ISO Electronic Rating Content TM (ERC), is a rating engine that lets insurers easily implement the most recent rating information into their workflows allowing them to help reduce costs, increase efficiency and boost speed to market. Rating-as-a-Service (RaaS) is a new cloud-based rating solution that allows insurers to send applicable rating inputs via API, which are then applied to ISO’s loss costs and rating algorithms to generate a quotable premium. But what if there was a better way to handle this process, effectively rating policies in real-time, without a major technological investment? It’s time-sensitive, intensive work that’s prone to error involving precious resources to analyze, evaluate and install these changes within their rating systems. Save Time and Resources: How to Rate Policies in Real-Time OverviewĮach year, insurance carriers and their vendors spend countless hours updating their rating data to stay current with changes in the industry.
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