{"id":1694,"date":"2025-04-10T10:06:48","date_gmt":"2025-04-10T10:06:48","guid":{"rendered":"https:\/\/dev.opendesignsin.com\/insillion\/?page_id=1694"},"modified":"2025-12-10T12:39:28","modified_gmt":"2025-12-10T12:39:28","slug":"excel-to-api","status":"publish","type":"page","link":"https:\/\/dev.opendesignsin.com\/insillion\/products\/excel-to-api","title":{"rendered":"Excel to API"},"content":{"rendered":"

Excel to API<\/h1><\/div>

Transform existing Rater-Excels into API-ready insurance
\nproducts with out-of-the-box agent and underwriter portals.<\/p>\n<\/div>

Get in touch<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>

Excel to API<\/h1><\/div>

Transform existing Rater-Excels into API-ready insurance
\nproducts with out-of-the-box agent and underwriter portals.<\/p>\n<\/div>

Get in touch<\/a><\/p>\n<\/div><\/div><\/div>

<\/span><\/div><\/div><\/div><\/div><\/div>
Spreadsheet to GTM<\/h5>\n<\/div>

Create Product APIs from Rater-Excels<\/h2><\/div>

Convert business and premium computation logic present in Rater-Excels into APIs that integrate with existing
\nsystems to avoid recreation of logic across multiple systems.<\/p>\n<\/div><\/div><\/div>

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Rapid Launch<\/h3><\/div>
<\/div>
\n

Quickly create product APIs and
\ndistribution portals using
\nexisting Rater-Excels.<\/p>\n<\/div><\/div><\/div>

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Integration APIs<\/h3><\/div>
<\/div>
\n

Build an API layer for existing
\nsystems to externalize rating
\nlogic and enable connectivity.<\/p>\n<\/div><\/div><\/div>

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Version Management<\/h3><\/div>
<\/div>
\n

Update rating logic by uploading
\nrevised Rater-Excel with all
\nversions linked to issued
\npolicies.<\/p>\n<\/div><\/div><\/div>

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Digital Distribution<\/h3><\/div>
<\/div>
\n

Product APIs for distribution
\npartners and embedded
\njourneys to maintaining a single
\nsource of truth for rating logic.<\/p>\n<\/div><\/div><\/div>

<\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\r\n\n<\/div><\/div><\/div><\/div><\/div>
Rapid Launch<\/h5>\n<\/div>

Create and Launch Insurance
\nProducts, Fast<\/h2><\/div>

Overcome the challenge of knowledge transfer between
\nmultiple teams for product development by leveraging the
\nunderwriting team\u2019s proficiency in developing logic in Excel.<\/p>\n<\/div><\/div><\/div>

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Accelerated speed to market <\/h3><\/div>
<\/div>
\n

Bring products to market and new channels quickly without spending resources on
\nrecreating and maintaining business logic across systems.<\/p>\n<\/div><\/div><\/div>

<\/div><\/div>
\"\"<\/div>

Align Business and IT Teams<\/h3><\/div>
<\/div>
\n

Business teams can focus on product management with familiar tools, while IT
\nteams extend these products to partners with APIs.<\/p>\n<\/div><\/div><\/div>

<\/div><\/div>
\"\"<\/div>

Utilize existing resources<\/h3><\/div>
<\/div>
\n

Excel\u2019s low learning curve makes it easier for underwriting\/business teams to
\ncontrol the product development and iteration process.<\/p>\n<\/div><\/div><\/div>

<\/div><\/div><\/div><\/div><\/div><\/div>
Product Management<\/h5>\n<\/div>

Bridge Business and IT Collaboration<\/h2><\/div>

Bring together underwriting expertise and IT teams for shortened development timelines.<\/p>\n<\/div><\/div><\/div>

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Quote-to-bind API<\/h2><\/div>
<\/div>
REST APIs via JSON, HTML Form
\nGeneration, Javascript, Swagger
\nAPI Documentation are available
\nas output for IT teams.<\/div><\/div><\/div>
<\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t\t\t
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300+ Excel formulae<\/h2><\/div>
<\/div>
Business teams can leverage
\nover 300 Excel formulae to set
\nup insurance products.<\/div><\/div><\/div>
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Rate Impact Testing<\/h2><\/div>
<\/div>
Create test cases to validate
\nlogic, analyze rate impacts, and
\noptimize calculations across versions.<\/div><\/div><\/div>
<\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t\t\t
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\r\n\t\t\t\t\t\t\t\t
\"\"<\/div>

Form Generation<\/h2><\/div>
<\/div>
Use existing form template in
\nWord Documents to generate
\nforms without any programming.<\/div><\/div><\/div>
<\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\r\n\n<\/div><\/div><\/div><\/div><\/div>

Frequently Asked
\nQuestions<\/h2><\/div>

Questions you might ask about our products and
\nservices.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>How does Insillion utilize existing Rater-Excels to create insurance products?<\/span><\/a><\/h4><\/div>
\n

Insillion uses insurers\u2019 existing Rater-Excel to simplify product creation. The platform uses Excel\u00a0 files as the source for rating logic and rate tables. Inputs and outputs are named within the file, allowing mapping through Insillion. This setup lets business users manage rating and rule configurations without any coding.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>How does Insillion\u2019s Excel-to-API converter accelerate speed to market for carriers and MGAs?<\/span><\/a><\/h4><\/div>
\n

Insillion converts Excel-based rating models into ready-to-use APIs without coding, allowing insurers to launch products in days. Traditional implementations often involve lengthy build cycles, handoffs between business and IT, and constant back-and-forth for changes. With Insillion, underwriters retain ownership of the rating logic in Excel, while IT teams integrate via the generated APIs. These APIs, along with ready-to-use portals, cut long implementation cycles and enable faster distribution.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>How does Insillion\u2019s Excel-to-API converter maintain a single source of truth for Rating logic?<\/span><\/a><\/h4><\/div>
\n

Insillion\u2019s Excel-to-API converter maintains a single source of truth by converting the business and premium computation logic from Rater-Excels into centralized, versioned APIs. Once uploaded and integrated, all frontend and backend systems access rating results through the same API. This eliminates the need to recreate logic across multiple systems and ensures consistent rating outcomes.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>Why should MGAs & Carrier use Rater-Excels to kick-start the insurance product creation process?<\/span><\/a><\/h4><\/div>
\n

Underwriters are comfortable developing premium logic in Excel and the transfer of knowledge to other teams can often be a challenge, since there are frequent changes from different stakeholders. The time and efforts spent in developing and re-developing the products can cause a ROI burn when the cost of launching the product is greater than the ROI gained from launching the product itself. Hence, Insillion helps carriers and MGAs overcome development costs by utilizing existing Rater-Excels to launch products.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>What platforms are suited for automating insurance rating engines in Excel?<\/span><\/a><\/h4><\/div>
\n

Platforms suited for automating insurance rating engines from Excel are those with Excel-to-API capabilities, such as Insillion. These platforms convert the rating logic within an Excel file into scalable APIs that can be consumed by internal and partner systems. By automating this conversion, insurance providers can speed up product creation and avoid the difficulties of writing complex code for insurance products.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":1631,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"100-width.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1694","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/dev.opendesignsin.com\/insillion\/wp-json\/wp\/v2\/pages\/1694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.opendesignsin.com\/insillion\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/dev.opendesignsin.com\/insillion\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/dev.opendesignsin.com\/insillion\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.opendesignsin.com\/insillion\/wp-json\/wp\/v2\/comments?post=1694"}],"version-history":[{"count":42,"href":"https:\/\/dev.opendesignsin.com\/insillion\/wp-json\/wp\/v2\/pages\/1694\/revisions"}],"predecessor-version":[{"id":3905,"href":"https:\/\/dev.opendesignsin.com\/insillion\/wp-json\/wp\/v2\/pages\/1694\/revisions\/3905"}],"up":[{"embeddable":true,"href":"https:\/\/dev.opendesignsin.com\/insillion\/wp-json\/wp\/v2\/pages\/1631"}],"wp:attachment":[{"href":"https:\/\/dev.opendesignsin.com\/insillion\/wp-json\/wp\/v2\/media?parent=1694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}