Moore Stephens Consulting, an international consulting firm based in the UK officially launched the Rulebook for Pricing for insurance service providers in Harare yesterday. Rulebook for Pricing is an agnostic, pricing and quoting tool designed to replace pricing spreadsheets that characterise the Zimbabwean and General Insurance Markets.
The product has been on the market for just four months and the yesterday’s launch was the first time it was officially unveiled to the African market.
Rulebook is a rules engines that primarily does not know anything about any particular industry but it allows an author, insurance actuaries in this case, to write rules, create form, product definitions, test rules, validate and distribute to underwriters and brokers through a web based interface.
Speaking to Techzim, Moore Stephens’ John Stanford said,
“The key difference is actuaries can replace their spreadsheets with this centrally managed, fully audited, fully compliant system that holds all their data and tracks all their changes. From an agent point of view, they can store and manage their quotes and can access all that information from one place.”
Although, the event was hosted by Charted Systems Integration (CSI), a local financial business solutions provider, Moore Stephens will oversee the distribution and support of the product locally as they already have an office in Zimbabwe.