Vericred Announces New Group Medical Rating API, Simplifying the Rating Environment for Insurtech Platforms
Summary
This new API allows insurtech companies to build innovative group quoting platforms without undertaking the substantial engineering required to accurately represent plan availability, benefits and rates, all while delivering the analytics health insurance carriers need. Vericred’s new Group Rating API furthers the company’s vision of becoming the digital distribution infrastructure for the health insurance and employee benefits industry. Further, we believe that regulatory changes will result in a more complex rating environment, with more state-to-state variation,” says Michael W. Levin, Vericred’s co-founder and CEO. Vericred (www.vericred.com) is a healthcare data services company that enables innovation, efficiency and transparency in the health and benefits industry. Today, the company delivers plan design and rate, provider network and formulary data for major medical insurance product lines.
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