Rate Assessor is a rate-setting decision support tool to explore how pricing strategies can impact market share, retention, new business and current/future year profits. It enables you to model alternative scenarios in a graphical environment including powerful slicing and dicing of data for comparison of portfolio segments. Data can be imported from a wide variety of systems and models, including EMBLEM.
New version (2.2) recently released - Click here for details of how this can help your business.
Key benefits :
- Enables well-informed pricing strategy development
- Broad functionality to help define commercial rating actions
- Facilitates the monitoring of Key Performance Indicators
- Allows sophisticated competitor monitoring & competitiveness analysis
- Helps you with scenario projections & cross subsidy identification
- Assists with corporate planning
Using your own data, you can model any number of different scenarios and then understand the likely outcomes. Rate Assessor can be used to support the development of the business plan, through to detailed rate setting for each insurance product, and can then monitor the effectiveness of the price implementation process. EMB has also shown how integrating Rate Assessor with advanced optimisation algorithms can take business decision support to even higher levels of effectiveness
Ultimately, control remains firmly in the hands of the decision makers, but Rate Assessor can significantly improve the quality and optimality of tactical and strategic decisions by enabling the outcome of alternative scenarios to be compared and better understood. Rate Assessor can be used as a stand alone product, or work alongside EMBLEM.
Optimiser 2.0
EMB Optimiser is an optional feature to Rate Assessor to provide highly sophisticated price optimisation at the policy, as well as ratebook, level. Fast and flexible, Optimiser finds optimal prices by systematically combining cost models, demand models and market prices. It multiplies the effectiveness of the entire price management control loop by recommending policy level price revisions across an entire portfolio.
New version of Optimiser (2.0) launched – click here for details.
If you are interested in this software, please contact us at software@emb.co.uk .
Download Pricing Brochure
