US-based Bass Underwriters has decided to deploy ClarionDoor’s Cloud Rater, which supports ISO rating content through ISO electronic rating content (ERC).
Part of ClarionDoor’s Insured Rating, Cloud Rater is a flexible rating solution that supports ISO loss costs and non-ISO rates which was developed from the ground up to operate, perform, and scale exclusively in the cloud.
The platform offers the tools and services required for rating any line of business, algorithm, or transaction type.
ClarionDoor chief sales officer said: "Bass Underwriters is well-known as a reliable, reputable wholesale broker and MGA, and we are happy to have secured their business."
Cloud Rater provides underwriters with an enhanced rating solution through offering access to ISO ERC in an easy-to-use, web-based quoting platform.
ClarionDoor will also provide Bass Underwriters with future ISO rating updates, using ISO ERC.
Bass Underwriters’ existing portal Bass On-line, once incorporated with Cloud Rater, will serve as the user interface (UI) for underwriters utilizing the rates, rules, algorithms, and an ACORD XML web service for ISO general liability which this new black box rating solution provides.
Bass Underwriters CEO Ed Jackson said: "Our rating requirements called for a cloud-based, modern technology solution built to ACORD standards.
"We have complete confidence in ClarionDoor’s ability to work with our IT department to integrate our user interface with their black box rating solution."
Bass Underwriters is a managing general agent, which provides property and casualty (P&C) insurance services.