Archive for August, 2008
What is Real Time Rating?
Real Time Rating is the ability for an insurance comparative rater to access carrier information and underwriting logic for the purpose of obtaining an insurance premium on a risk. For an independent insurance agent to enjoy the benefits of real time rating independent insurance agents do not need to buy new and expensive computer hardware [...]
What is Insurance Rating Software?
Insurance Rating Software is computer software designed for use by Independent Insurance Agents (IIA) and Insurance Carriers (Property and Casualty Carriers P&C, Commercial Insurance Carriers, Health Insurance Carriers, etc). Insurance Rating Software will accept as input and insurance risk and display as output an insurance premium for the risk. Insurance rating software will apply carrier [...]
What is a Comparative Rater?
A Comparative Rater is an insurance software tool that will rate a given insurance risk across multiple insurance carriers and display rate quotes for that insurance risk. Comparative Rating software is used by Independent Insurance Agents (IIA) and by Personal Property and Casualty (P&C) Carriers. Independent Insurance Agents are able to rate prospective insurance applicants [...]
