CD Rating

CD Rating is a modern insurance product distribution solution offered by ClarionDoor. According to the vendor, it allows carriers, MGAs, brokers, and program administrators to seamlessly create, launch, and distribute insurance products. The cloud-native, API-first platform of CD Rating provides real-time rating, quoting, issuance, forms, and performance tracking capabilities. This solution is designed for insurance companies of all sizes, including those in the property and casualty, specialty, commercial, and personal lines insurance industries, as well as program administration.

Key Features

Standalone Rating: According to the vendor, CD Rating offers a cloud-native rating engine that provides real-time rating for insurance products across various lines of business. Its API-first architecture allows seamless integration with external systems, enabling access to rating information from any application.

Comparative Rating: The vendor claims that CD Rating allows users to assess market appetite and receive comparative carrier indications instantly. The solution is integrated with agency management systems, eliminating the need for rekeying and streamlining the push-to-carrier process. Additionally, it is said to have a growing network of excess and surplus (E&S) carriers.

Product Distribution: CD Rating is said to empower users to create and distribute innovative insurance products. It leverages full rating, quoting, binding, and issuance (RQBI) capabilities to facilitate a frictionless experience. According to the vendor, this solution enables insurance companies to go to market faster than industry norms and distribute rating products across all channels.

Policy Management: According to the vendor, CD Rating provides real-time access to policies and is seamlessly integrated with ClarionDoor's Product Distribution solution. It aims to simplify policy management by streamlining automatic transaction processing.

Low-Code / No-Code: The vendor states that CD Rating is a fully configurable platform that does not require specialized skills or programming knowledge. Users can customize and adapt the system to their specific needs without extensive coding or technical expertise.

Proven Market Accelerator: According to the vendor, CD Rating enables insurance companies to enter new markets and launch new products faster than industry norms. The modern and agile platform is designed to help users quickly adapt to changing market demands, giving them a competitive edge and driving business growth.

Future Proof: The vendor claims that CD Rating helps insurance companies prepare for the future by staying ahead of emerging trends and technologies. It aims to ensure that businesses are well-positioned to meet evolving customer needs and industry requirements.