RaaS Changes the Rating Game
Each year, carriers spend countless hours applying changes to their rating content. It\u2019s time-intensive work requiring precious resources to load only a fraction of these changes into their own rating engine. By digitizing this content, carriers can accelerate the adoption of rating changes and bring their products to market more quickly.
In this episode of \u201cFilling the Gap,\u201d Mark Sheehan, vice-president of Underwriting Solutions at Verisk Analytics, reviews the benefits of RaaS and the impacts it makes on rating. You\u2019ll learn:
- The evolution of rating, how Rating-as-a-Service works;
- How digitization of rating content is benefiting carriers;
- How Rating-as-a-Service is increasing employee engagement and productivity, while also enriching the carrier\u2019s insurance product;
- What early adopters are saying about Rating-as-a-Service.