Services at RMS Solutions, Inc.
Insurance Product Design & Pricing
Whether your company is developing a new product, entering a new line of business, or assessing the competitiveness of your product offerings, RMS Solutions, Inc. has the experience to provide an independent review to your evaluation process. We can assist you in developing the necessary insurance forms, including coverage agreements, declarations pages, endorsements, applications, and policyholder notices. We can also assist you in creating the final underwriting manual of rates and rules for filing with state regulatory authorities.
And once your product has been designed, RMS Solutions, Inc. can assist you in determining the appropriate manual base rates and rating variables to adequately price business in your target markets. Based on current market conditions, distribution channels, loss trends and corporate objectives, we can model the potential impact and sensitivity of introducing your product at various price levels to profitability.
    RMS Solutions, Inc. services include:
  • Develop underwriting manuals and policy forms
  • Develop base rates, rating factors and rating models
  • Large account pricing models
  • Strategic planning models
  • Regulatory rate and form filing
Please contact us at 847-840-5194 (or Email) for further information.
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