Move from fragmentation to a centralized source of truth for rating
Intuitively capture your full RoC in a matrix format that mirrors actuarial logic
- Define coverages, attributes, factor tables, and formulas in a structured, auditable way
- Seamlessly manage complex rating logic and mappings with sub-plans, tiering, and capping
- Ensure regulator-ready documentation with transparent step-by-step structures
Stay in control of every change across time, states, and products
- Create, tag, and organize unlimited RoC versions by effective dates, products, or geographies
- Clone, modify, and compare versions to accelerate updates and spot differences
- Support internal reviews, audits and dislocation analysis with clear version histories
Analyze and validate your rates with confidence
- Run policy-level tests to flag errors early in development or migration
- Connect with Akur8 Rate to simulate rerating, dislocation, and full portfolio impacts
- Perform scenario testing and financial impact reporting across rating strategies
Seamlessly move from analysis to production
- Export standardized artefacts ready for Akur8 Deploy or other pricing engines
- Push finalized rates into production systems without re-coding
- Maintain perfect alignment between pricing, leadership, and IT teams
Frequently Asked Questions about Akur8 Rate Repo
What is Akur8 Rate Repo?
Akur8’s Rate Repo is a solution designed to centralize the source of truth for rating. It transforms the rate management by centralizing and simplifying the handling of complex Rate Order Calculations (ROCs).
In which markets is Akur8’s Rate Repo available?
Rate Repo is designed to meet the requirements of the US and Canadian regulated markets. It streamlines re-rating and filing preparations, making regulatory compliance easier.
What are the benefits of using Akur8 Rate Repo?
Akur8’s Rate Repo helps you to keep track of your complex rating plans, increase efficiency and reduce errors of your re-rating process. It also accelerates time-to-market by moving from fragmented systems to the centralized source of truth.
Main functional capabilities:
- Intuitively represent the full ROC as you're used to and exactly as you need for regulatory filing.
- Store, organize, and manage unlimited versions of your ROC with ease.
- Seamlessly run the ROC on a single policy for testing, or across a full portfolio for scenario analysis, dislocation, and impact reporting.
- Export ready-to-use artifacts and seamlessly put them in production in Akur8 Deploy.
What is the difference between Akur8 Rate and Akur8 Rate Repo?
Akur8 Rate Repo is specifically designed to meet US market needs to centralize and simplify the handling of complex Rate Order Calculations (ROCs). Rate Repo aligns with how US state regulators expect rate logic to be documented, making filings faster, easier, and more reliable with a clear, auditable ROC. A set of rates can be imported from Rate Repo into Rate to use Akur8’s suite of ratemaking analysis tools for dislocation, financial forecasting, and scenario testing. Then, the final version is pushed back into Rate Repo to document the final ratemaking decisions.
