X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Real-world insurance policy pricing models often have 50 to 100 variables such as gender, age, credit score, claim history and more. (Photo: iStock) Real-world insurance policy pricing models often have 50 to 100 variables such as gender, age, credit score, claim history and more. (Photo: iStock)

Speed to market is a high priority for many property and casualty insurers, but creating quote-ready rate tables remains a major roadblock for personal line insurers to realize that priority. This stubborn issue applies to any line of business that has numerous rating variables and coverages. If it takes two years to update rating plans, the underlying rate factors may already be stale by the time the rate plans are used.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.