Northdoor Rating Engine

Speed up and Simplify the Rating Process

Underwriters who rely on providing their brokers with quotation and rating engines built in Microsoft Excel typically suffer from issues such as making sure the right people have the right spreadsheet, that brokers don’t make unauthorised changes and most importantly that everyone is using the same version of the spreadsheet.

So whilst a spreadsheet allows an underwriter / broker to produce an indicative quotation, including referral alerts, in a timely manner as an application platform for providing these business critical services it has a number of weaknesses.

A more reliable Web Service Rating Engine

The Northdoor Rating Engine is a dynamic and configurable web service application that can be used to rate multiple lines of business.

This online engine has:

• an XML based interface allowing easy integration with other applications
• supports many different rating methods and can include business rules for example to cover: discounts, adjustments and overrides
• has a built-in referral mechanism that can automatically mark items for underwriting or decline items

Ratings are versionable and the engine also supports mid-term adjustments.

As a standalone web service the Northdoor’s Rating can integrate with your systems and, as an example, is integrated into Northdoor’s very own Web Broker Portal.