Discover how JK Tech automated premium calculations for a leading title insurer, cutting errors and boosting speed with a smart rate engine application.
The title insurance firm faced inefficiencies due to manual processes, including inconsistent premium rates across states and high error rates in pricing calculations.
The solution used a scalable architecture that enabled seamless integration with client systems, improving consistency and reducing turnaround times in premium calculations.
With features like an intuitive user interface, rate comparison, audit trail, and real-time updates, the application transformed the premium calculation process.
JK Tech’s solution improved processing speed by 40%, reduced errors by 90%, and ensured consistent rate generation across all U.S. states and jurisdictions.
With automation at its core, the insurer now focuses on innovation, client servicing, and expanding the solution’s footprint across other insurance products.