Policy and premium / Rating engine
Your filed rate book, applied and explained
Rating turns a risk into a premium using your own tables, factors and algorithms — and records every run in enough detail to explain the number later.
We ship no rates. A platform that shipped defaults here would be shipping a guess about your filings, which is a regulatory problem wearing a convenience costume.
Rate a real riskCan you explain this premium to a regulator?
Yes, because every run records its inputs, the factors applied and the result. Months later the question “why was this policy priced at this number” is answered from the record rather than reconstructed by whoever remembers the rate revision.
Configuration, not code
How a premium is produced
- 01
Rate tables are your configuration
Tables, factors and algorithms belong to the organization. Changing a rate is a configuration change, not a release.
- 02
The run is deterministic
Same inputs, same rate revision, same result. Rating that cannot be reproduced cannot be defended.
- 03
Inputs and factors are recorded
Not just the answer — the path to it. Which factors applied, at what values, from which revision.
- 04
The result feeds binding and billing
The rated premium is what the schedule splits and what the invoice reconciles against. One number, one source.
The reproducibility test
Questions a rate filing review will ask
These are the questions that matter when somebody external examines your pricing. Each has a direct answer here.
Whose rates are these?
Yours. The platform ships none
Can a past premium be reproduced?
Yes — inputs, factors and revision are recorded per run
Who changed a rate factor?
A configuration change, audited like any other
Does the premium match the schedule?
The split is proven against the rated total before installments are written
Are fees part of premium?
No — itemized separately so premium arithmetic stays clean
What rating does not do
It applies your filings accurately. It does not have opinions about them.
No actuarial judgment
The engine executes the rate book you filed. It does not suggest rates, and no model sets a price.
Filing compliance is yours
Ensuring the rate book matches what is filed in each state remains your obligation, and we will not imply the platform verifies it.
Configuration takes work
Loading a real rate book is a project. That cost is the price of not shipping guessed defaults.