bluescape:rating
bluescape:rating

bluescape:rating

bluescape:rating offers limitless possibilities:

  • Underwriting made easy - how? By letting you describe in simple steps exactly how a risk should be assessed and what the result should be, for any product in any line of business.
  • Business focused - adapt your products to exploit changing circumstances, include new features, incorporate marketing messages in the response, handle requests from diverse sources.
  • Increase productivity - by using tools, terms and structures you are familiar with, in an environment where you have control over process and deployment.

bluescape:rating gives you a broad canvas upon which to express your ideas. Whether you're targeting a sector of the risk or fashioning a new product, the rating engine will capture your business rules, impose your terms, derive your values and return as comprehensive a response as you need - in double quick time.

BENEFITS

When it's simple, it's easy

In bluescape there is only one way of doing things - and that's your way. This single focused approach is designed to get you to the point where you can quickly configure products and feel confident that you can handle future requirements.

  • Flexibility
    • Model any product using any data in any combination you want
    • Determine any value - premium, taxes, charges, commission, breakdown
  • Encapsulate your business rules
    • Automatically handle the most complex of cases and minimise human error
    • Incorporate new elements quickly - from simple items to complex telematics
  • Speed to market
    • Configure, test and deploy new rating rules, steps, rates with no IT involvement
    • Incorporate new elements quickly - from simple items to complex telematics
  • Controlled by the business
    • Let the business control the whole process from definition to deployment
    • A single team and point of contact for all requests and support
  • Scenarios
    • Rate case by case or get multiple quotes via a panel
    • Calculate adjustment premiums, include addons, rate multi cover products

TECHNOLOGY

No drain on IT resources

One of the key benefits of using bluescape is the significant reduction in dependence on IT projects, particularly development support, which it brings. Integration is simplified through the adoption of your risk descriptions effectively bypassing any confusion over structure and terminology. Product definition is quick and simple because the underwriting engine can model an algorithm based upon any data to suit your underwriting requirements. Finally, once integrated into your application platforms, product configuration can be devolved to business users and analysts effectively freeing up scarce IT resources while a small centralised group supports the products from the business side.

  • Ease of Use
    • Configure products using your own structures and names to minimise confusion
    • Interface with Excel to simplify input and amendment
  • Breadth of features
    • Organise - categorize, apply options, filter, total, handle repeating groups, translate
    • Calculate - amounts, percentages, pro rata, formulae, scoring, capping, ranges, exchange rates
    • Apply - excesses, endorsements, referrals, declines, notes, marketing messages
    • Range - multi company, multi cover, multi product, multi currency all on the same platform
  • Support
    • Store all incoming details and outgoing quotes, retrieve as required
    • Run a quick impact analysis across a rate update via the Test Harness
  • Performance
    • Designed with web/aggregator performance in mind
    • Benchmarked to 100 million quotes/month on a single server (and fully scalable for bigger loads)
  • Change Management
    • Full change control automatically captures updates and manages promotion to Live
    • Deploy updates in advance for automatic activation in the future
  • Confidence
    • Full breakdown of the quote - enabling you to apportion cost
    • Full breakdown of the process - enabling you to analyse the rating sequence

FEATURES

Functionality

The range of functionality provided by bluescape:rating includes:

  • Rating Editor - to configure your products
  • Excel Addin - for those who prefer to use Excel to maintain rates
  • Batch Test Harness - for impact analysis of mass rate updates
  • Project Manager - to manage updates through the change control cycle
  • Dashboard - to monitor system and product performance
  • System Manager - to control security and monitor user activity