HONOLULU Jan. 20, 2011 "DecisionMaker Rating Optimizer
DecisionMaker Rating Optimizer enables carriers to break down complex rating scenarios into granular, functional units in a secure, version-controlled environment. Optimizer will assist business users with test case validation, input and output mappings as well as in managing and analyzing each step in a complex rating scenario. These enhancements, combined with DecisionMaker Rating’s proven scalability make the solution a very powerful tool for pricing and managing large volumes and types of insurance products.
Carriers expend an enormous amount of time and resources manually analyzing their premiums in order to be competitive with other carriers in the marketplace while maintaining the profitability necessary to sustain their business and maximize shareholder returns. DRC has developed the capability to arrive at a premium amount that finds the "Optimal" price for each policy based on a combination of rules which automatically adjust the rate. Actuaries can now set criteria for determining an acceptable policy premium and have DecisionMaker Rating Optimizer find the best possible price. For example, a carrier can use a combination of acceptable expense ratio, minimum profit and other factors to derive an optimal premium for each policy on an individual basis.
$2 Billion www.decisionresearch.com
SOURCE Decision Research Corporation