Insurance Rating Software
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What Is Insurance Rating Software?
Insurance rating functionality is typically included in an insurance suite, which helps agencies and brokerages handle their daily tasks.
In addition to policy and claims management, billing and analytical features, rating plays an important role in generating quotes for clients. Users enter details about a customer—in the case of health insurance, things such as age, gender, tobacco use, medical conditions etc.—and the system will produce multiple quotes based on preset underwriting rules.