An Australian insurer asked Xceedance to develop a rating and pricing engine to generate near real-time quotations, supplemented by rating algorithms for home, landlord, and motor coverages. The engine would integrate with third-party applications for quote generation. It would also accommodate referrals, bind policies, process cancellation requests, and manage annual, installment, and renewal policies. In the absence of an underwriting system, a referral-management application (RMA) was required to include referral requests from the engine and a dashboard for annual, installment and renewal policies, broker management, quote/policy comparisons, documents, user management, and embargo postcodes. It also required the ability to block and access to the payment portal, view installment

Join for free to read