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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