Underwriting is an intricate process that demands precision, speed, and flexibility. Many underwriters are already comfortable with using Excel as a powerful tool for managing and calculating insurance rates. Now, Insillion takes that expertise to the next level with its Excel-Based Rating feature, designed to simplify and accelerate the quote-to-bind process. Let’s explore how underwriters can benefit from this innovative approach.

Begin the Quote-to-Bind Process Instantly with Rater-Excels

For many underwriters, the time between generating a quote and finalizing a binding agreement can be slowed by complex rating systems that require templates, coding, or specialized languages. Insillion’s Excel-Based Rating eliminates these bottlenecks. By enabling underwriters to use their existing Excel spreadsheets, Insillion turns Excel formulas directly into rating structures. This means underwriters can begin the quote-to-bind process instantly—saving time and resources while reducing operational friction.

Leverage Expertise in Excel to Build Your Rating Engine

Excel is already a go-to tool for underwriters because of its flexibility and ease of use. Insillion capitalizes on this by allowing underwriters to leverage their knowledge of Excel to create robust rating engines. Instead of learning a new system or domain-specific languages (DSL), underwriters can directly upload their Excel spreadsheets and let Insillion’s platform handle the rest. The familiar environment of Excel means underwriters can focus on what they do best—risk assessment and pricing—without needing to rely on IT departments.

No Templates Needed, Just Upload Your Existing Excels

Unlike other platforms that rely on predefined templates or rigid processes, Insillion gives underwriters the freedom to upload their existing Excel models without any reformatting. This removes the need for customization before transitioning to the Insillion platform, making it easier for underwriters to transition from their current workflow. Whether the rating is for auto, property, or specialized risk, Insillion’s platform seamlessly integrates the Excel-based models without requiring any coding.

Make Changes on the Fly—No Coding Required

Insurance rates and rules frequently change, and underwriters must stay agile to keep up with market demands. With Insillion, underwriters can make real-time updates to their rating models directly within Excel, without the need for coding expertise. Any changes made to the Excel formulas are automatically reflected in the Insillion platform, making it possible to adjust rates on the fly without any disruptions.

Convert Excel Formulae into Rating Structures—No DSL

One of the standout features of Insillion’s Excel-Based Rating is its ability to directly convert Excel formulae into powerful rating structures without the need for domain-specific languages (DSL). This bridges the gap between technical and non-technical users, allowing underwriters to build and modify complex rating algorithms using the familiar syntax of Excel.

Conclusion

Insillion’s Excel-Based Rating is a game-changer for underwriters looking to streamline the quote-to-bind process, improve efficiency, and stay adaptable in a dynamic market. By allowing underwriters to use their existing Excel expertise without the need for coding or specialized languages, Insillion offers a flexible and powerful solution that empowers underwriters to take full control of the rating process.

Take the next step in modernizing your underwriting with Insillion’s Excel-Based Rating—where expertise meets innovation.