Mi Trader for Rating

A web service framework for the provision of both simple and complex rating algorithms - essentially "rating as a service" that can compliment your existing system architecture..

The Mi Trader for Rating (T4R) framework provides 'out of the box' functionality to provide an online rating service for the configured product set.

Mi Trader for Rating tackles head on the technological barriers that exist in the insurance market pertaining to the distribution of rating models. Clients no longer need to over extend incumbent policy administration systems or rely on distributed complex Spreadsheets, in their place Mi Trader for Rating can deliver a centralised, fully audited rating web service based on the latest technologies.

Rating algorithms and data schemas are tailored using the Mi Trader Studio configuration tool to meet the exact requirements and USP's of each client.

Additionally the T4R framework will allow the underwriter administrator the self-service of product, facility and rating factors as well as the comprehensive Company Management module for administering participating companies, teams and users.

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Mi Trader for Rating provides the surety of a pre-built workflow framework together with the flexibility that a tailored configuration environment provides - truly the best of both worlds.

The 100% internet based Mi Trader for Rating framework is built upon the proven Mi Trader platform, a platform in use by thousands of users every day transacting global insurance business.

All product lines are configured using the market leading Mi Trader Studio tool. This tool, built upon Microsoft's latest technologies, provides a TRUE configuration environment for the tailoring of forms, schemas, rating, documents and services.

Suitable For

  • Insurers
  • MGA's
  • Coverholders
  • Brokers
  • Agents

 

Key Benefits

  • 100% internet-based
  • Built upon the proven Mi Trader platform
  • Pre-configured workflow framework
  • New business, MTA and Renewal workflow
  • Suitable for both commercial & personal lines
  • Comprehensive audit
  • Rating as a service
  • Rapid deployment of product algorithms
  • Strongly typed web services
  • A compliment to existing systems architecture
  • Tailorable to support a clients data dictionaries
  • Comprehensive test harness