The inflationary, profitability, and competitive conditions in the insurance marketplace will require insurers to evaluate aspects of their pricing, rating, and underwriting, including improved speed-to-market capabilities. Pricing and rating engines will increasingly play a critical role to deliver rapid updates and new products to market for both P&C and L&AH, from IoT-enabled products to Gig economy, on-demand and telematic products, to name a few. The demand for more regular updates for pricing and rating, from real-time to weekly, monthly, or quarterly rather than annually, will become mainstream.

At the center of these practices is the pricing and rating process, a vital element that influences both market positioning and financial outcomes. The traditional approaches to pricing and rating are no longer sufficient in this fast-paced environment, where tailored and precise insurance solutions are central to success in this new age.

Majesco and Akur8 have partnered together to innovate and transform the pricing and rating process to enable insurers to meet and transcend these complex market conditions with speed and ease. The seamless integration between Majesco Enterprise Rating for P&C and Akur8 Pricing Platform provide a one-click actuarial modeling from pricing to production, giving you a “full product lifecycle” solution that’s superior to point solutions.

Tune in to this live event to learn more and see a demo on how this partnership with Akur8…

• Enables P&C insurers to cover the full rating lifecycle, from rate-making to production rating.
• Removes the need for multiple systems to handle various aspects of this lifecycle, improving
  overall efficiency.
• Offers an integrated solution that seamlessly integrates the output of the Akur8 modeling process with workbooks used in P&C Enterprise Rating.
• Delivers pricing and rating changes with speed and ease.

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