Filing Accelerator
Revolutionize insurance rate documentation by eliminating errors and accelerating speed-to-market.
Streamline Your Rate Filings
Insurance companies struggle with time-consuming, error-prone manual rate filings, leading to costly fines from departments of insurance (DOIs). In the 2024 survey from the Earnix Trends report, 49% of respondents reported their company had to pay a fine or issue refunds due to errors. In addition, the complexity of rating algorithms and varying state regulations can delay speed-to-market for rate changes, hindering competitiveness and innovation.
Filing Accelerator is an easy-to-use tool designed to improve productivity, efficiency, and accuracy in rate filings for insurance companies. By integrating pricing analysis, in-production rates, and DOI filing into a single platform, Filing Accelerator ensures that all documentation is accurate and up to date.
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Key Features
Streamlined Documentation Generation
The tool integrates pricing analysis, in-production rates, and DOI filing requirements to generate accurate and up-to-date documentation, minimizing discrepancies and ensuring compliance. Filing Accelerator also supports documentation used for internal reviews and audits.
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Template Creation and Customization
Users can create and extensively customize templates to match exact DOI specifications, ensuring professional and compliant documentation.
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Continuous Log and Traceability
A continuous log of all generated documents provides a clear audit trail, crucial for regulatory compliance and internal reviews.
Access the brochure to learn how Filing Accelerator streamlines documentation for rate changes and internal audits, ensuring accuracy and compliance.
Benefits
Reduce Risk of Errors and Fines
By ensuring accurate and up-to-date documentation, Filing Accelerator helps insurers avoid significant financial penalties. This is crucial in a highly regulated industry where even minor errors can lead to substantial fines. Earnix customers in North America have seen dramatic improvements in reducing regulatory filing process error rates, with many achieving an error rate of less than 0.5%.
Accelerate Speed-to-Market
The tool streamlines the generation of filing documentation for rate changes, significantly reducing the time and resources required. This allows insurers to implement rate changes more quickly, enabling them to respond faster to market dynamics and competitive pressures.
Enhance Traceability and Transparency
A continuous log of all generated documents and a single source of truth for pricing analysis, in-production rates, and DOI filing requirements enables compliance with state regulations. This transparency is essential for both regulatory audits and internal reviews.
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Explore Our Platform
Enterprise Rating Engine
Price-It
Underwrite-It
Ready to see it in action?
Request a demo to learn how Filing Accelerator can bring more intelligent decisioning to your business.