Xuber, Xchanging’s insurance software business has launched a new software offering in partnership with Moore Stephens Consulting.
Xuber Rating represents the integration of the pricing and quoting engine component of Moore Stephens’ RuleBook application, with Xuber’s software platform to create a comprehensive rating capability for commercial underwriting.
The new tool has been designed as a component of Xuber Policy, to help insurers measure the risk of providing insurance and the cost to customers.
The addition of the RuleBook component, the software provides customers with an alternative to complex pricing spreadsheets, instead offering them a more manageable, distributable and auditable rating solution, said the company.
Richard Clark, head of business development at Xuber, said: “We are excited to offer Xuber Rating and its supreme functionality to the commercial market and underwriting community. Xuber looks to partner with best-of-breed complementary vendors where possible, and in this instance Moore Stephens provides the perfect partner to transform Xuber Policy into an even more powerful software solution for our customers.
“Moore Stephens understands the dynamics of the complex commercial and London markets and are already familiar with many of our customers, having operated in the City for over 100 years.”
Paul Latarche, partner at Moore Stephens, added: “With our latest generation ratings engine, RuleBook, and our proven track record, aligned with Xuber’s expertise in the commercial insurance software market, we believe that the partnership will deliver a unique industry offering. The integrated solution will benefit our customers, and we look forward to continuing to work with Xuber”.
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Xuber, Xchanging, Moore Stephens, Europe