RIS Unveils ‘Rating Environment’ Approach to Rating

Results International Systems, Inc. (RIS), a full service outsourcer offering complete web-enabled processing solutions to the Property & Casualty industry, has unveiled its new rating engine, the first module in the RIS Artius project.

Unlike traditional raters, the Artius approach delivers a complete ‘rating environment’ that empowers pricing and business analysts to create rating routines and rate tables on the fly and to test them with built in testing and debugging tools. The Artius rating environment eliminates the heavy user reliance on programmer resources found with traditional rating processes. Ease of use is combined with the power to solve one of the most pressing problems facing today’s company—how to quickly and easily develop, test and implement rate and rating routine changes.

The Artius rating environment is currently being implemented for the newest RIS outsourcing customers, and is also available to the industry through a traditional software license model. With interfaces developed using the ACORD XML standards, the Artius rating environment is platform independent, enabling implementation across a wide variety of policy processing environments.

Highlights of the Artius rating environment include: One rating engine runs on multiple platforms – New rates upload directly from a spreadsheet to the rating environment – “Building-block” design speeds development of rating routines – Reusable rating routines permit swift setup of new states and coverages – Integrated debugging module facilitates quick, comprehensive testing – ACORD XML-based file layouts ease integration with third-party systems.