Post on 10-Mar-2020
Insurance PREC ISE . PROVEN. PERFORMANCE .
RuleBook – Pricing
RuleBook is a product line agnostic, pricing and quoting tool for
the insurance industry. At the heart of RuleBook is a robust rules
engine which enables underwriters and actuaries to accurately
price products according to current market conditions. It
combines the self service capabilities of a spreadsheet based
solution with the surety and auditability of an enterprise level
application. RuleBook provides the first viable alternative to
Excel spreadsheets for pricing all lines of business.
Its self-service authoring tools allow actuaries and business
analysts within insurers to create and maintain pricing models
reducing reliance on 3rd party vendors. RuleBook is ‘centralised’
within the company as opposed to spreadsheets which are
Delivering pricing accuracy and projecting future performance
distributed around the company. This feature of RuleBook
eliminates the version control problem of spreadsheets which
arise through sharing and updating templates. The diagnostics
within RuleBook show every calculation in the pricing model
and pricing algorithims are controlled centrally.
RuleBook’s powerful rules engine caters for both exposure and
experienced based rating models and is proven across all major
classes of business
‘What if’ simulation allows future performance to be accurately
projected, understood and managed.
Pricing spreadsheets
Business ownership of pricing models
Rapid creation of pricing models
Interactive calculation of premium rating
Intuitive user experience
Ease of review, update and distribution
Ease of integration with PASs and DWs
Auto-generated documentation
Mass simulation of pricing scenarios
Surety and auditability of pricing process
Strategic and scalable technology platform
RuleBook vs. Pricing spreadsheets
Insurance PREC ISE . PROVEN. PERFORMANCE .
We believe the information in this factsheet to be correct at the time of going to press, but we cannot accept any responsibility for any loss occasioned to any person as a result of action or refraining from action as a result of any item herein. Printed and published by © Moore Stephens Consulting Limited, a wholly owned subsidiary of Moore Stephens LLP which is a member firm of Moore Stephens International Limited, a worldwide network of independent firms. Moore Stephens LLP is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Authorised and regulated by the Financial Conduct Authority for investment business. DPS29736 October 2015
Moore Stephens ConsultingMoore Stephens Consulting (MSC) is the IT consulting and
delivery arm of Moore Stephens LLP the global top ten
accountancy and consultancy firm operating in 105 countries
with 25,000 employees.
Paul Latarche – Partner
paul.latarche@moorestephens.com
Danny Flavelle – Director
danny.flavelle@moorestephens.com
Moore Stephens Consulting Ltd
150 Aldersgate Street, London EC1A 4AB
T +44 (0)20 7334 9191
www.moorestephensconsulting.com
Features » Business ownership of pricing models
» Rapid creation of pricing models
» Interactive calculation of premium rating
» Intuitive user experience
» Ease of review, update and distribution
» Auto-generated documentation
» Mass simulation of pricing scenarios
» Surety and auditability of pricing process
» Strategic and scalable technology platform