Insurance - Semantic Rating Engine for MGAs
An Insurance Indusry First. 100% Ontology-driven Semantic Rating Engine
Challenges
- Acquiring Data from Brokers / Insured: (questions, responses)
- Manual Data Re-Entry: Online Data
- Manual Data Re-Entry: Between Excel, TAM, Outlook
- Rating via Citrix to Carrier
- Sync data Between Different Environments
- No Integration Between Systems: agency mgmt, carrier rating systems
Opportunity
- ACORD standards limit vendor ability to provide modern solutions
- Map ACORD XML to Semantic RDF
- Goal: Interoperability that syncs with legacy platforms
- Reuse: Widgets, Data, Rules, Workflows, Questions, Broker Info, Insured Info
How it Works
- We describe objects using an ontology, like buttons, pull-down menus and "animate" using the OntoApp platform which "Plays Back" the desired App Functionality using the world's most powerful advanced inference engine.
- Faceted Browsers
- Screen Elements: buttons, pull-down menus
- Navigation: Menus, Tabs, Breadcrumbs
- Multiple Workspaces for Improved Usability
- Web Services: PDF Generation
Benefits
- Dynamic Reconfiguration of anything: Web services, apps, rules, workflows
- Real Functioning design in a repository, separate from source code
- Uses SPARQL to replace multiple web services
- Saves time in development & Maintenance for the you, value chain who uses it
- Simpler Design, less components to break
- We avoid creating more legacy code.
- Using a single Ontology, create a specification that will be automatically up to date with each new release of the platform.
OntoApp is "Interconnectivity Aware"
- No need to use middleware for the "orchestration"
- Alternatives load on more and more complexity, we limit complexity
- Alternatives add middleware to compensate for what's missing in the application
Context Diagram
