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Business Rules Engine

Pact is an insurtech and has launched an Artificially Intelligent (AI) Claims as a Service (CaaS) platform to help the General Insurance market significantly reduce fraud exposure, accelerate the claims process, enhance customer insight and significantly reduce the overall cost of handling a claim. What currently takes days or weeks to complete, can now be managed in minutes. Our platform is better for the customer, as it makes the claims process much faster and easier, and also much better for the insurer, as it automates the whole process and minimises the time spent on claims management, a significant cost to the business. In this video we explain how our Business Rules Engine can help you centralise decision making logic, creating a single source of reliability for everyone. You can centralise all your policy documents, business rules, limits, schedules, and risks, achieving multiple goals with one solution. Business rules are configured and tested using Pact proprietary solution. Pact enables users to see, understand, and edit the business rules without writing any code. It becomes a single source of reliability for everyone. Pacts Business Rules Engine simplifies processes for handlers and underwriters, eliminating stressful paperwork discovery. Version control allows delivery to customers dependent on policy dates, meaning decisions are made fast and in-line with risk tolerance. Users can propose, test, and implement changes, seeing the impact of changes in real time. Pact eliminates the need to translate between your requirements and your code, resulting in an adaptive business, fully in sync.