Commercial insurance products evolve continuously. Rating formulas are updated, underwriting rules change, bureau content is revised, carrier pricing is adjusted, and new products are released throughout the year. When premiums change unexpectedly, organizations need answers immediately.
SelectRate Change History provides complete visibility into every modification made throughout the commercial insurance product lifecycle.
Change History is a detailed record of every modification made to products, formulas, underwriting rules, pricing, configuration, forms, APIs, and system settings.
Every change records:
Organizations always know exactly what changed.
Commercial insurance products contain thousands of configurable components.
Changes may involve:
Without Change History, troubleshooting becomes slow, expensive, and inconsistent.
SelectRate Change History supports every commercial insurance product. Every product shares one centralized change management platform.
Track every modification made to insurance products.
Including:
Organizations maintain a complete history of every product lifecycle event.
Every pricing formula change is documented.
Track:
Users can compare previous and current formulas side by side.
Every underwriting modification becomes part of Change History.
Track:
Organizations maintain complete underwriting accountability.
Every pricing adjustment is recorded.
Track:
Every premium change can be traced back to the exact configuration update.
Compare previous and current versions.
Review:
Visual comparisons simplify product reviews and troubleshooting.
Every change is associated with a deployment.
Track:
Organizations immediately know which release introduced every change.
Locate changes quickly using advanced search.
Search by:
Large product histories remain easy to navigate.
Applications can retrieve Change History through secure REST APIs.
Retrieve:
API consumers receive the same change history available within SelectRate.
Track every administrative change. Configuration history simplifies platform administration.
Including:
Every significant change can require approval before deployment. Approval records remain permanently attached to every change.
Track:
Learn more about Approval Workflows
Premium differences can be traced directly back to product changes. Users can understand exactly why premiums changed.
Compare:
Learn more about Rating Worksheet
View every calculation affected by a product change. Rating Trace and Change History work together to explain every pricing difference.
Analyze:
Learn more about Rating Trace
Changes automatically follow product version schedules. Organizations can review both historical and future product changes.
Manage:
Learn more about Effective Date Management
Every tested change becomes part of Change History. Testing history remains permanently associated with every product change.
Track:
Learn more about Rating Testing Software
Change History supports enterprise governance across every insurance product. Organizations maintain complete operational transparency.
Track:
Insurance organizations centralize Change History to improve governance and operational efficiency.
Benefits include:
Track every pricing update, underwriting modification, formula revision, deployment, and approval from one centralized commercial insurance change management platform.