Insurer hosted pricing – making changes in seconds that are effective in minutes

Mobius Rating - Open GI's Insurer Hosted Pricing hub

To stay competitive, proactively managing rates and being able to respond quickly to market changes are vital for MGA, Broker and Insurer businesses.

As a result we have developed Mobius Rating, our latest insurer hosted pricing application that can be taken as a stand alone product or combined with Mobius PAS and/or Mobius Claims  to provide an holistic software solution.

Taking advantage of Microsoft’s Azure cloud, Mobius Rating enables you to manage, distribute and monitor the performance of your insurance products and bespoke schemes in one central location, anytime and from any device.

With such a simplified product route to market, and the control of pricing and product changes firmly in your hands, your business can really benefit from the proven operational efficiencies our insurer hosted pricing solution can bring.

Not only this but Mobius Rating’s innovative test-and-learn approach allows you to design and trial new product prototypes in real-time so you can react to market/consumer demands as they arise.

Our insurer hosted pricing application is also underpinned by robust customer behavioural analytics, meaning forthcoming trends can be readily predicted to boost more profitable business in the future.

“Mobius Rating is a unique product which promises some brilliant efficiency gains for us. We hope that being involved from an early stage will help to give us a competitive edge.”
Peter Bann, Freeway
“We are using Mobius Rating across a range of delegated authority products to give us far greater control over real-time pricing, enrichment and product evolution.”
Gerry Bucke, Adrian Flux

Insurer hosted pricing – make changes in seconds, effective in minutes

To stay competitive, proactively managing rates and being able to respond quickly to market changes are vital for MGA, Broker and Insurer businesses.

Mobius Rating - Open GI's Insurer Hosted Pricing hub

As a result we have developed Mobius Rating, our latest insurer hosted pricing application that can be taken as a stand alone product or combined with Mobius PAS and/or Mobius Claims  to provide an holistic software solution.

Taking advantage of Microsoft’s Azure cloud, Mobius Rating enables you to manage, distribute and monitor the performance of your insurance products and bespoke schemes in one central location, anytime and from any device.

With such a simplified product route to market, and the control of pricing and product changes firmly in your hands, your business can really benefit from the proven operational efficiencies our insurer hosted pricing solution can bring.

Not only this but Mobius Rating’s innovative test-and-learn approach allows you to design and trial new product prototypes in real-time so you can react to market/consumer demands as they arise.

Our insurer hosted pricing application is also underpinned by robust customer behavioural analytics, meaning forthcoming trends can be readily predicted to boost more profitable business in the future.

“Mobius Rating is a unique product which promises some brilliant efficiency gains for us. We hope that being involved from an early stage will help to give us a competitive edge.”
Peter Bann, Freeway
“We are using Mobius Rating across a range of delegated authority products to give us far greater control over real-time pricing, enrichment and product evolution.”
Gerry Bucke, Adrian Flux

What differences can Open GI’s Mobius Rating bring to your hosted pricing strategy?

Traditional IHP Mobius Rating
After the insurer creates the product guide, it is sent to software providers to build the scheme using their own applications. Any number of products, of any type, can be stored in the cloud.
The time taken to create the product depends on the software provider. The scheme files are used by the Quote API called for by brokers. This means a single release can be made to any number of brokers.
Once created, the software provider distributes the product via different mechanisms e.g. FTP, email or manual file copy and installation. This can take a lot of time and effort. Broker systems can call into Mobius Rating to quote current products.

What differences can Open GI’s Mobius Rating bring to your hosted pricing strategy?

  • Any number of products, of any type, can be stored in the cloud.

  • The scheme files are used by the Quote API called for by brokers. This means a single release can be made to any number of brokers.

  • Broker systems can call into Mobius Rating to quote current products.

One IHP platform, multiple benefits:

Insurers & MGAs

  • Centralised rate update and distribution – one update for all integrated partners.

  • Real-time quote analytics, anonymised request and response data.

  • A simplified route to market resulting in reduced distribution costs.

  • Maintenance fees with a simple annual payment, hosting and transactional charges.

  • Full self-empowerment over all product changes and distribution.

  • Ability to design product prototypes and test in real time.

  • Capability to use Artificial Intelligence to shape pricing strategies.

Brokers

  • Fits with any software house platform.

  • Integrates with customer-built broker software applications.

  • Increased panel offering, maintained centrally.

  • Maintenance fees with a simple annual payment, hosting and transactional charges.

  • A product suite maintained in real time so you benefit from the latest schemes.
  • Benefit from the latest insurance premiums from your insurer.

Software Providers

  • Simple web API using JSON and XML allows Mobius Rating to be integrated into any insurance software system.

  • Reduced development time to add new products to the panel.

  • Access to Polaris rates without the need to integrate the Polaris WSRTE or RTE.

  • Increased panel offering through a single solution.

  • Software provider maintains relationship with the MGA, wholesale broker, insurer for POS documentation and EDI.

  • No additional infrastructure costs compared to a hosted rating engine.

Need some help or advice? Would you like a demo?
Please call us on +353 (1) 676 8466.

Request a Mobius Rating demo

One IHP platform, multiple benefits:

Insurers & MGAs

  • Centralised rate update and distribution – one update for all integrated partners.

  • Real-time quote analytics, anonymised request and response data.

  • A simplified route to market resulting in reduced distribution costs.

  • Maintenance fees with a simple annual payment, hosting and transactional charges.

  • Full self-empowerment over all product changes and distribution.

  • Ability to design product prototypes and test in real time.

  • Capability to use Artificial Intelligence to shape pricing strategies.

Brokers

  • Fits with any software house platform.

  • Integrates with customer-built broker software applications.

  • Increased panel offering, maintained centrally.

  • Maintenance fees with a simple annual payment, hosting and transactional charges.

  • A product suite maintained in real time so you benefit from the latest schemes.
  • Benefit from the latest insurance premiums from your insurer.

Software Providers

  • Simple web API using JSON and XML allows Mobius Rating to be integrated into any insurance software system.

  • Reduced development time to add new products to the panel.

  • Access to Polaris rates without the need to integrate the Polaris WSRTE or RTE.

  • Increased panel offering through a single solution.

  • Software provider maintains relationship with the MGA, wholesale broker, insurer for POS documentation and EDI.

  • No additional infrastructure costs compared to a hosted rating engine.

Need some help or advice?
Would you like a demo?
Please call us on
+353 (1) 676 8466.

Request a Mobius Rating demo