Future-Proof: Considerations in Choosing Rating Solution Platforms

by Michael Fitzgerald, October 14, 2009
Industry Trends
North America


The decision between a stand-alone rating solution and an embedded suite rater includes considerations beyond simple arithmetic calculations. Complexity of the business environment, technical system architecture, and competitive pressures also need to be factored into a final choice between rating platforms.

A new report, Future-Proof: Considerations in Choosing Rating System Platforms, examines the decisions insurers must weigh in deciding between stand-alone and embedded approaches to rating solutions. The goal for the report is to enable companies to make better choices for their needs today and in the foreseeable future.

This report offers Celent's perspective on the factors to consider in selecting a platform for a rating system. It is a follow-up to the Celent report, US Property/Casualty Rating Systems, ABCD Vendor View, 2009, August 2009, which examines the stand-alone rating vendors in the US market.

"Rating engines vary in functionality from straightforward calculators to logical hubs for insurance product environments," says Mike Fitzgerald, senior analyst with Celent's Insurance Group and author of the report. "Rating solution selection should be made based on business factors and IT considerations."


Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
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Table of Contents

Executive Summary





Rating Basics


Key Considerations in Choosing a Rating Platform


Assessing the Value of Stand-Alone Rating Systems




Leveraging Celent’s Expertise



Support for Carriers



Support for Vendors


Related Celent Research


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