Ace Actuarial Consulting performs rate reviews and rate filings for all automobile lines based upon industry statistics. Filed and approved rates can be loaded into the Ace Fleet Insurance Rating Software to generate individually rated and fleet rated policies and reports.
Ace Actuarial offers subscription services to access the all industrywide rates for all automobile lines of business. The rates are updated annually based upon the most recent experience statistics promulgated by GISA.
The main software that Ace has licensed to the insurance industry is the Ace Fleet Insurance Rating Software. The software provides a comprehensive solution to create and manage individually rated and fleet policies and their premiums. The software can be integrated with insurer's own policy management systems.
The Ace Fleet Insurance Rating software is complete policy management system in which automobile fleet insurance premiums are developed by applying to the manual premiums the calculated fleet modifiers reflecting the credible loss experience of the fleet.