Insurance Rate Management
Timely insights and quick approvals
When it comes to insurance rates, a few dollars’ difference can make or break a product offering. Insurance Administration Services (IAS) can provide you with timely annual rate reviews and make the needed adjustments to reflect the most optimal pricing for your Medicare Supplement/Medigap insurance coverages, as well as various health insurance products.
From filing and approval to monitoring rate increases, our trained insurance administration professionals will relieve you of the burden of rate management. Our services in this area include:
Rate Determination – We coordinate the process with your actuaries to determine the optimal rates for the next year, and then contact the appropriate state offices to secure approvals in every state in which the product will be sold.
Immediate Implementation – Our IT staff works in tandem with your actuaries, utilizing our model office to thoroughly test and implement new rates before they are released.
Data Management – We provide a clean and flexible data feed to help actuarial firms manage data more effectively and maximize profitability for your business.
Insurance Administrative Solutions’ top-to-bottom troubleshooting approach ensures that all rates are implemented correctly and that we can make any adjustments promptly to set the optimal rates. To learn more about our rate management services, call us today at (727) 584-0007 or contact us online.