From Complexity to Clarity: How Neutrinos is Transforming Insurance Pricing

In today’s dynamic insurance landscape, agility, precision, and automation are key. Whether you're pricing commercial property policies or launching new products, speed-to-market and accuracy can make or break an insurer’s competitive edge. That’s where Neutrinos’ Pricing and Rating Engine steps in, a powerful no-code decisioning engine that empowers business users to build, configure, and launch pricing workflows with unmatched speed and control. 

Let’s walk through how this intelligent engine works, and how it's transforming insurance pricing through a user-friendly, highly customizable, and audit-ready interface. 

What Makes Neutrinos Pricing and Rating Engine a Game-Changer in Insurance Pricing? 

Neutrinos Pricing and Rating Engine is a component within the Neutrinos Intelligent Automation Platform, purpose-built for the insurance industry. It lets users design rating and decision workflows without writing a single line of code. Think of it as a visual rules engine where you drag, drop, configure, and deploy; all within a secure, version-controlled environment. 

From commercial property pricing to underwriting and claims decisions, it brings together business logic, data, and automation to deliver pricing outcomes in real-time. 

Core Functionalities That Set It Apart 

1. No-Code Rule Design 

At the heart of the rating engine is a visual workflow canvas. Business users can design end-to-end pricing journeys using different rule types: 

• Formula Rules
• Decision Tables
• Loop Rules (for batch pricing)
• Script & API Rules
• Excel & CSV Rules
• Sentiment and Phonetic Rules (for specialized use cases) 

All these rules are reusable, modular, and can be grouped and stored in a central library, enabling rapid configuration across multiple use cases. 

2. Simplified, Centralized Data Management 

The engine allows Excel or API-based master data uploads, making it easy to plug in state-specific base rates, occupancy loadings, or historical risk factors. These data sets are instantly available as APIs, not just within the engine, but across any system integrated with the Neutrinos platform. 
 

3. Flexible Data Modeling for Seamless Integration 

Define custom data structures to plug into your digital channels, whether it’s a broker portal, customer-facing webpage, or mobile app - no code required. 

4. Real-Time API Integration 

Pull in real-time external data such as weather, risk scores, or claims history directly into your pricing flow. For instance, in the walkthrough, a real-time weather API was integrated to factor environmental risks like wildfire or flood into the pricing logic, without writing custom backend code. 

5. Granular Audit Trails & Versioning 

Every rule execution is logged and timestamped, offering full traceability. You can see which rules were triggered, input parameters, response durations, and who made the configuration. The system also supports version control, including scheduled activations which are essential for regulatory compliance and future proofing. 

Real-World Application: Commercial Property Pricing  

The Neutrinos Pricing and Rating Engine is designed to handle complex insurance pricing use cases with ease. This use case involves multiple risk factors, rating rules, and coverage configurations, all of which can be built and deployed using its no-code environment. 

Here’s a step-by-step look at how Neutrinos Pricing and Rating Engine streamlines a commercial property pricing flow: 

• Step 1: Start by defining the JSON data model covering applicant information, business type, property details, and historical loss data.
• Step 2: Set up decision tables and master data lookups to fetch state-based base rates, occupancy risks, wall type loadings, and fire protection parameters like alarms and sprinklers.
• Step 3: Introduce rules for optional coverage add-ons such as business interruption, equipment breakdown, ordinance upgrades, and spoilage.
• Step 4: Use formula rules to calculate the base premium, apply risk-based loadings, and arrive at the total premium.
• Step 5: Integrate real-time external data, such as weather information, to dynamically adjust risk scoring based on environmental factors.
• Step 6: Leverage built-in testing tools including JSON editors and CSV upload support to simulate and validate pricing outcomes across multiple scenarios before deployment. 

Whether an application meets criteria for auto-decisioning or requires referral for manual underwriting, the workflow can be tailored accordingly ensuring speed, accuracy, and control in high-stakes decision-making. 

Going Beyond Rules: AI-Powered Decisioning Supercharge Pricing with AI-Assisted Decisioning 

It doesn’t stop at business rules; it integrates seamlessly with Neutrinos AI Hub to support more intelligent decision-making. 

For instance, using free-text inputs like ‘shoe factory,’ it can automatically classify business types using AI trained on NAICS codes, reducing manual effort and improving accuracy. 

This assistant can be plugged directly into the pricing workflow; allowing insurers to enrich incoming data in real time and make smarter, faster underwriting decisions. 

Why This Matters for Insurers 

With Neutrinos’ Pricing and Rating Engine, insurers can: 

• Launch new pricing models 10x faster.
• Empower business users to own and manage logic.
• Ensure compliance with audit-friendly workflows.
• Integrate seamlessly with existing systems via APIs.
• Rapidly respond to market, risk, and regulatory changes. 
   

Ready to See It in Action? 

Neutrinos Pricing and Rating Engine is more than a rule builder; it’s a modern pricing and decisioning fabric built for the future of insurance.  
Ready to modernize your insurance pricing? Explore our use cases or book a custom walkthrough with our solution experts at neutrinos.com.