RaaS Changes the Rating Game

In this podcast, Mark Sheehan of Verisk introduces Rating-as-a-Service (RaaS), a cloud-based solution that digitizes rating content to introduce efficiencies and make the content more actionable for carriers.

Each year, carriers spend countless hours applying changes to their rating content. It’s time-intensive work requiring precious resources to load only a fraction of these changes into their own rating engine. By digitizing this content, carriers can accelerate the adoption of rating changes and bring their products to market more quickly.

In this episode of “Filling the Gap,” Mark Sheehan, vice-president of Underwriting Solutions at Verisk, reviews the benefits of RaaS and the impacts it makes on rating. You’ll learn:

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