DecisionMaker Rating Optimizer Now Available

Decision Research Corp. (DRC), has released new tools in DecisionMaker Rating that enable carriers to more precisely set policy premiums. DecisionMaker Rating Optimizer, which allows carriers to set prices through a user-maintainable, goal-seeking set of rules, also enables them to break down complex rating scenarios into granular, functional units in a secure, version-controlled environment, DRC says.

Optimizer was designed to assist business users with test case validation, input and output mappings as well as in managing and analyzing each step in a complex rating scenario. These enhancements, combined with DecisionMaker Rating’s proven scalability, make the solution a powerful tool for pricing and managing large volumes and types of insurance products, says DRC.  

Additionally, actuaries can now set criteria for determining an acceptable policy premium and have DecisionMaker Rating Optimizer find the best possible price.