Comparative raters: rebuild a competitor rate plan and price your book through it

Machine-grade stochastic competitive analysis.

Tesora rebuilds any rater, yours or a competitor’s, from Excel or SERFF filing PDFs in hours. Every factor and rating rule is cited to its source document. Run your book through the raters, or conduct a competitive economic study. Work that used to be too laborious for actuaries is now handled by AI.

Optimize your rate actions with stochastic economic analysis.

Bring your persistency and market value assumptions. Using competitor raters, we simulate whether you will grow or bleed policies at every rate action.

Chart of change in premium and change in profit one year out, across rate changes on the average policy from minus $538 to plus $1,076.

A line of business priced through its competitors’ raters

A regional carrier asked us to rebuild its own rater for one line in one state, along with its competitors’. Tesora pulled over a decade of public SERFF rate and rule filings, which was what it took to reconstruct the raters in full. They were built at full specificity, and some would have taken months to build by hand at that level of detail. By mapping the entire market, the carrier left with full visibility into which of its factors were competitive, which could use adjustment, and how to optimize its book in that market.

Start with a rater you already know.

Send us a rater you already run, and let us deploy it in parallel and run some tests against competitor raters.

SERFF, state by state, by carrier and line

Rate pages, rule pages, and the exhibits behind them

Rating logic written in prose instead of tables

Every territory, class, and symbol, by hand

Order of operations, caps, rounding, and minimums

Until your premiums match the ones they filed

The step that needs actuarial judgment