A rating engine your underwriting team can audit
Build, price, and version your products without waiting on developer release cycles. Every factor, every loading, and every excess option lives in a structured table you can inspect in the administration console. One source of truth: versioned, explainable, and fully controlled by your underwriters.
Legacy insurance rating engines obscure their pricing inside compiled code, obscure stored procedures, or fragile spreadsheet macros. When a premium looks unexpected, underwriters cannot determine which factor caused the change. As explained in our explainable insurance rating engine guide, InsureOS preserves an immutable calculation trace for every generated quote.
Whether evaluating sum-insured bandings in property insurance rating or testing commercial fleet tables on the broader InsureOS platform, underwriters can view the exact inputs, lookups, and factor multipliers used at each calculation step.
Organise risk variables into multi-dimensional lookup grids covering asset specifications, geographical zones, and operator demographics.
Execute arithmetic stages, statutory levy formulas, and commission splits using high-precision decimal math that matches actuarial standards.
Publish future-dated rate adjustments with confidence. Active quotes remain bound to their historical rate versions without data corruption.
Turn rating tables, factors, and underwriting rules into a transparent premium calculation. Change rates and rules in the admin portal, then inspect exactly how every quote was priced.
Calculate the base premium using a lookup table or a set of rules.
| $250 | $500 | $1,000 | |
|---|---|---|---|
| $10,000 | $72 | $60 | $51 |
| $20,000 | $144 | $120 | $102 |
| $30,000 | $216 | $180 | $153 |
| $40,000 | $288 | $240 | $204 |
| $50,000 | $360 | $300 | $255 |
Set the cases that need an underwriter: a particular construction type, a sum insured threshold, a claims history, or any combination of answers. The customer can finish the journey normally while the quote pauses for review.
A member of our team will be in touch within 24 hours to complete your quote.
Give each rate change an effective date. Open any past quote and see the exact tables, rules, and numbers that priced it, even after the live product has moved on.
A rating engine is the computational core of an insurance platform that prices risks based on policyholder inputs, risk factors, lookup tables, and statutory levies. InsureOS maintains all rating structures in human-readable tables so underwriting teams can inspect, update, and audit premiums directly.
Yes. We map your current rate matrices, discount factors, and deductible structures directly into the system. Benchmark quotes run across both systems to confirm that the new engine produces premiums identical to your historical rating sheets.
Every modification made to a rating factor, lookup table, or calculation formula creates an immutable version tag with the editor identification, timestamp, and changelog diff. You can review historical rate versions or test past quotes against previous tables at any time.
Yes. The administration portal provides dedicated interfaces for editing factor matrices, adding postal code loadings, and adjusting deductible discounts. Once tested against sample policies, changes publish with an effective date without requiring code deployments.
The engine evaluates government levies and sales taxes, including New Zealand GST, FENZ fire service levies, and Australian stamp duties, as distinct calculation nodes. When tax rates change, updates apply on the exact cutover date without impacting historical policies.
Products can combine multiple individual covers, such as hull, machinery, and public liability, each with separate factor tables, excess options, and tax rules. The engine computes line-item premiums before aggregating them into the total policy amount.
Referral rules evaluate boolean condition expressions against the quote payload, inspecting fields such as sum insured caps, asset age limits, or adverse claims records. When triggered, the automated quote pauses and routes to an underwriter with the complete calculation trace attached.
Every rating version specifies an effective start date. When rates are revised, newly created quotes adopt the latest active rate card, while existing unexpired quotes and midterm endorsements remain pegged to the rate version in effect when the initial quote was issued.
Online quoting
Embed a real quote-to-bind flow
Third-party integrations
Plug in the tools you already run
Payment collection
Cards, bank transfers, finance
Renewals
Re-rate, payments, automatic renewals
Document generation
Branded policy docs, certificates, receipts
Automation
Webhooks, events, integrations
APIs
Headless when you need it