Flexible Product Setup
Configure insurance products with flexible features that suit various business models and client needs.
Product Configuration and Rating
Product Configuration & Rating for Efficient Product Pricing
Rayterton's Product Configuration and Rating system enables seamless creation of insurance products, rating engines, and pricing models to meet market demands with speed and accuracy.
Product Rating Impact
Product Suite
Pricing models and configuration unified
- Fast and accurate product pricing
- Simplified product and policy setup
- Comprehensive rating configuration
- Optimized for complex product structures
Designed for efficient product management
From Product Configuration to Rating, Fully Streamlined
The Product Configuration and Rating system simplifies the creation of complex insurance products while ensuring accurate pricing, compliance, and scalability.
Seamless Rating Engine
Build and maintain a rating engine that handles multiple pricing models, premiums, and underwriting rules with ease.
Core modules
Everything You Need for Efficient Product Configuration
A modular approach that can be customized based on your product line, rating needs, and market changes.
Product Configuration
Create and configure insurance products with various features, coverage options, and policy structures.
Rating Engine
Configure and manage rating rules, pricing structures, and calculation models for different types of products.
Pricing Models
Set up automated pricing models to calculate premiums based on various factors such as risk, location, and coverage type.
Compliance and Regulation
Ensure that all pricing models and products comply with relevant regulations and guidelines.
Implementation approach
Structured Rollout, Measurable Outcomes
A practical rollout focused on standardizing processes, improving turnaround time, and strengthening governance. Your team validates quickly with realistic sample data, workflows, and portfolio dashboards.
Before go live
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Process mapping and gap analysis aligned to your operating model.
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Configuration of workflows, approvals, templates, and master data.
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Data migration and integration planning with phased execution.
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SIT and UAT with business users and controlled sign offs.
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Training and go live readiness checklist across teams and branches.
After go live
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Active support and stabilization.
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Continuous improvements and change requests management.
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Reporting enhancements and portfolio analytics expansion.
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Security review, audit support, and performance tuning.