Dynamic Rating Engine

It is essential that the Broker-Insurer partnership reacts quickly to market changes; new business acquisition and renewal retention depend on it.

Wanna Insure gives brokers and insurers an essential competitive edge by making rates accessible and maintainable in real-time.

Wanna Insure's solution can support changes to pricing via two main technology portals:

• Polaris – industry standard application for implementing and executing schemes defined by insurers using the Polaris Product Writer function.
• Wanna Insure’s dynamic rating engine (DRE) – an Internet-based real time application for rapid definition and deployment of insurer agency specific rates

Wanna Insure has implemented the Polaris run-time-environment (RTE) to support rapid implementation of insurer ready products for commercial and personal lines. This approach meets the needs of insurers preferring to distribute to a Polaris standard.

Wanna Insure’s Dynamic Rating engine (DRE) is a leading-edge wizard-based software application that simplifies the development and maintenance of insurer products and schemes. The DRE is an inspired solution that captures an insurer’s new specification in often only a few days with ongoing changes implemented in minutes.

The DRE complements the Polaris option by providing insurers even more control over agency specific schemes whether they are rating-based or custom-points schemes.

The DRE is installed on a server(s) of choice and accessed via a fully secure web-service. Insurers can maintain full control of their products and schemes and/or can authorise agents to self-maintain as required.