Insurers Leverage ClarionDoor Technology to Modernize AAIS Rating

For decades, many insurance organizations have relied on the rates, forms, and rules distributed by The American Association of Insurance Services (AAIS) for the property and casualty (P&C) industry. Although AAIS provides a flexible and cost-effective standard, many insurance companies still struggle to adopt AAIS into their existing rating platforms. It’s not because AAIS is complex, but incumbent rating systems lack flexibility and are too difficult to manage; thus resulting in insurers manually rating those policies.