« What would YOU call the unit of Decision Yield? | Main | The secret of business user rule maintenance »

Gartner Report: Insurers Should Deploy Rules Engines for Underwriting

Posted by Guest Blogger, Ian Turvill.

James and I, along with our colleagues in Fair Isaac's insurance consulting practice, are often asked about the application of a range of tools, such as rating engines, product configurators, and (our favorite) rules engines, within the property and casualty industry.

So it was great to see some of our thinking validated in a recent report from Gartner.  ("A Guide for Using Rule Engines, Rating Engines and Product Configurators for Property and Casualty", August 9, 2006.)

Let me get right to the point with one of the three major recommendations from the report.  Gartner indicates that insurers should:

"Deploy a BRE to make decisions that are complex and that have a significant financial impact in areas such as underwriting, where rules can change frequently due to risk appetite or catastrophe scenario, and in areas of high compliance risk like renewals, cancellations and claims. This will enable better speed to market, avoidance of adverse risk selection and lower loss expense."

(With added emphasis from me in bold.)

Enough said.

First time on the EDM blog?
Subscribe to the EDM blog feed or check out some other recent posts:


TrackBack URL for this entry:

Listed below are links to weblogs that reference Gartner Report: Insurers Should Deploy Rules Engines for Underwriting:


The comments to this entry are closed.

Search Site



  • enter your email

Upcoming Events

  • FICO Tools & Analytics User Forum 2012
    BERLIN: September 11-12, 2012 LONDON: September 18-19, 2012 Gain new insights for improving business performance through advanced analytics and decision management tools.