Overview
Ratabase reduces operating costs, increases speed to market and leverages integration capabilities to stay ahead of an evolving market.
- 40 years of insurance experience, including policy, claims and billing system implementations across the globe
- 50% Increase in staff productivity
- 65% of U.S written premiums processed via Ratabase
- 4,000 Data items processed sub-second
- 100+ Implementations of Ratabase globally
- 15+ million transactions are processed daily and $450 billion in premiums annually through systems that we manage on behalf of our clients
Key Features
Build once, distribute anywhere, connect to anything using the Ratabase suite
Product Builder: This intuitive and functionally rich browser interface empowers business users to manage all aspects of the rate making process, with no need for IT involvement, seamlessly between the office and remote working. Pre-built APIs enable process automation for new filings, workflows, testing and distribution. In an increasingly regulated environment, Product Builder provides clear audit trails for immediate transparency on pricing control and regulatory compliance.
Ratabase Calculator: Our highly scalable and reliable performance engine delivers the power to rate policy transactions for any line of business in real time and at sub-second level. The Ratabase Calculator efficiently processes thousands of data items per transaction to ensure accurate pricing.
Ratabase Output Designer: With this feature, business users can incorporate Ratabase tables and formulas into professional output pages. Output Designer aids in regulatory compliance by producing materials for submission to state insurance regulators directly from Ratabase data.
Ratabase Actuarial: This feature supports experimentation, simulation, analysis and promotion of rates with the Ratabase integrated toolset for actuarial or business users. Improve efficiency, ensure confidence and drive pricing innovation and accuracy using multiple data sources.
CGI Precision Marketplace:Carriers can rapidly harness the power of data to drive profitability through integration with insurtechs and other key data sources. Improve loss ratio by more than 1.5% using personal and commercial data enrichment to enhance risk assessment and selection.
Key Benefits
Our work in the global insurance market
Leading insurance carriers around the globe trust Ratabase to automate their rating and underwriting for all lines of business and through all distribution channels. Carriers across North America, as well as in the UK, Europe and Scandinavia, choose Ratabase when speed, accuracy, ease of use, performance and reliability are paramount.
Our focus on efficiency and accuracy
Ratabase accelerates our clients’ ability to get their products to market while reducing operating costs. Ratabase can be deployed on-premise or in the cloud to provide the scalability and operational resilience demanded today. Our intuitive and functionally rich browser interface empowers business users to manage all aspects of the rate making process with no need for IT involvement, while improving rating accuracy and quality. Carriers can deploy products to a diverse distribution network at the click of a button and easily monitor and evaluate performance in real time.
Our approach to integration and data
Ratabase supports light touch, along with rapid plug-and-play integration, and is connected to more than 50 policy administration systems, websites, agency portals and underwriting workbenches, with the flexibility for others. Our integration function has been developed to drive profitability through accelerated integration with new distribution partners, insurtech partners or new data providers.
Benefit from a proven rating platform
Ratabase is the “gold standard” in insurance rating with 100+ successful implementations and an average client satisfaction score of 9.8 out of 10. It provides actuaries, underwriters and business analysts with sophisticated tools to manage all aspects of the rate making process—from price modeling, product development and maintenance, to deployment and product management.
