Focus areas
Rating and negotiated pricing in one workflow.
Use your existing rater for new business, renewals, and endorsements. Apply negotiated pricing and dynamic adjustments from your own models within your product rules. Compare rates and premiums side by side, then submit to your policy administration system for bind. Focused on General Liability, Commercial Property, Commercial Auto, Inland Marine, and follow-form Excess Casualty.
01 / Pricing Indications
Develop E&S indications in one workspace
Disconnected spreadsheets and policy systems configured around admitted-market workflows make E&S pricing cumbersome. Negotiated premiums and endorsement pricing become customizations that are expensive to maintain.
The approach
Use your existing Excel rater or rating service to calculate the rated premium, then apply negotiated premiums and product-specific pricing adjustments in the workbench. Explore coverage options for new business, renewals, and endorsements, then submit the selected terms and pricing results to your policy administration system for bind.
- Review risk inputs, coverage options, and the rated premium returned by your rater.
- Apply negotiated premiums and agreed pricing controls, keeping the rated premium and adjustments visible.
- Dynamically adjust pricing with factors from your own models to align each transaction with portfolio objectives, such as targeted growth or loss-ratio improvement.
- Design for rapid iteration and measure response times on representative cases.
A focused starting point
One existing E&S program, an agreed rater, and representative new-business, renewal, and endorsement cases. Measure premium agreement, time to a usable indication, and repeated data entry.
Discuss this scope03 / Model-Driven Pricing
Bring your own pricing models
Recommended pricing and portfolio objectives often sit outside the underwriting workflow. Underwriters may have to consult separate tools to see how an individual transaction supports targeted growth or loss-ratio improvement.
The approach
Integrate your own models to recommend pricing and supply dynamic adjustment factors after systematic rating. Use those factors to align each transaction with portfolio objectives, such as targeted growth or loss-ratio improvement, within your product rules. Keep the rated premium, model-driven adjustments, and agreed price visible for review.
- Apply model recommendations and factors tied to your portfolio objectives.
- Keep technical premium, model-adjusted premium, and agreed price visible.
- Define permitted factors, adjustment bounds, and calculation order.
- Retain the model version and returned factors with each pricing result.
- Agree response-time requirements and fallback behavior.
A focused starting point
One customer-supplied model, defined portfolio objectives, and representative pricing cases. Verify that recommendations and adjustment factors are applied within agreed product rules, that the original premium and model outputs remain traceable, and that unavailable or out-of-bounds responses follow the agreed handling.
Discuss this scope04 / Policy Administration Integration
Submit the selected indication for bind
Re-entering a pricing decision into the policy system repeats work and can introduce differences in risk details, coverage selections, or premiums.
The approach
Transfer the selected indication into your policy administration system for bind. Confirm receipt of the agreed data and pricing results, make discrepancies visible, and retain the receiving system’s required validations and workflow.
- Agree the risk data, coverage terms, and pricing results to transfer.
- Show receipt, validation failures, and pricing differences for review.
- Keep the selected indication traceable through the handoff.
- Measure repeated entry and reconciliation effort.
A focused starting point
One policy administration connection for the selected program, with representative bind handoff cases and agreed handling of validation failures and discrepancies.
Discuss this scope05 / Excel Rater Conversion
Make established Excel rating logic reusable
E&S product and rating knowledge often resides in Excel. Separate workbook versions and custom connections make that logic difficult to reuse and maintain across applications.
The approach
The workbench can connect to your existing rater. Where conversion is needed, turn an agreed Excel rater into a tested, versioned rating service using its established rating logic. Retain traceability to the source rules, compare against approved workbook cases, and establish a process for subsequent changes.
- Review formulas, tables, workbook dependencies, and expected results.
- Resolve discrepancies with underwriting and actuarial reviewers.
- Measure rating response times on the agreed workload.
- Deliver one approved rate or rule change and measure the effort.
A focused starting point
One representative workbook, a reviewed set of expected results, and one subsequent approved change. Acceptance covers calculation agreement, response times, and the receiving team’s ability to operate and update the service.
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