Rating Factor Optimization

Insurance Rating Factor Optimization

In markets where regulation require prices to follow a Rating Factor structure, the Earnix Rating Factor Optimization module allows insurers to optimize prices offered to customers while maintaining regulatory compliance.

While some insurers have attempted to optimize regulated prices by reverse-engineering Rating Factors, this approach has proven to be extremely time-consuming and failed to deliver the expected results.

In contrast, Earnix Optimizer directly optimizes the Rating Factors, providing your team with new factors that can be uploaded into your existing Rating Factor table structure.