For P&C carriers: pricing, reserving and filing on one workbench

Pricing, reserving and filing all run on one workbench.

Pricing, reserving and filing stop being three separate piles of the same data. Your actuaries keep the judgment and hand over the assembly. On the workflows we have measured, that is about 90% of the time the work used to take.

Admitted and E&S are hard in different ways.

Admitted carriers have the opposite problem to E&S. Everything is filed, so there is more public information than anybody can read. In E&S every program is its own shape, so there is no standard rater to start from, and often not much data either.

Everything the desk does, in one place.

Bring a filing and a book.

Watching it run on something you already know the answer to beats us talking at you for half an hour.

Competitive analysis, reproducible

We rebuild a competitor’s rate plan from their public filings and run your own book through it, so you are comparing like with like. One competitor, or the whole market in one go.

Rater deployment and filing

From a plain-language change to a tested, versioned rater with exhibits built per state, rather than reformatted by hand fifty times.

Reserving and the quarterly close

The triangles are squared as the data comes in and the methods sit side by side. The quarter starts where you have to make a call.

GLM development and defensibility

Develop GLMs from your own data, or reverse-engineer a competitor’s. Curve fitting, segmentation, and the memo that has to survive review.

Objection letters

The filing, and then the answers when the objections come back. The whole trail is kept, which matters less on the day you file than on the day somebody reopens it.

Hard-to-rate exposures

Multi-class programs, GLMs, excess policies, experience rating. Finally you can build complex raters without dropping back into Excel.

What you are up against

Admitted: Everything gets filed, so there is more public information about your market than any team could read. The competitor answer sits in SERFF and nobody has the weeks to go and get it.

Specialty and E&S: Freedom of rate and form means every program is its own shape. No standard rater to start from, no two lines alike, and often thin data as well.

So the work is

Admitted: Reading and reconstructing at a volume that does not fit in a quarter. Fifty states of exhibits, a rate plan per competitor, and a manual somebody wrote to be hard to follow.

Specialty and E&S: Do the analysis from scratch or refine factors using an analysis engine. All the work is defensible, reproducible, and easily deployed.

What we do

Admitted: We pull the filings and rebuild the rate plans, as many as you want. Every constant cites the page it came from, so you can check us.

Specialty and E&S: We take the file ingestion and the source tracing, and show what any change does to the book. Idea to deployment in a day, with almost no IT.