One Enterprise Platform for Commercial Insurance Pricing
Pricing is the foundation of every insurance product. Whether you're launching a new Commercial General Liability program, updating Workers Compensation loss costs, introducing a new Cyber Liability product, or modernizing legacy rating systems, pricing determines profitability, competitiveness, and underwriting consistency. SelectRate is an enterprise Commercial Insurance Pricing Platform built specifically for insurance carriers, Managing General Agents (MGAs), wholesalers, program administrators, reciprocal exchanges, and InsurTech companies. Instead of maintaining pricing inside spreadsheets, desktop raters, legacy applications, or hardcoded systems, SelectRate centralizes every pricing component into one configurable enterprise platform.
A Commercial Insurance Pricing Platform allows insurance organizations to configure, manage, test, govern, and deploy commercial insurance pricing without modifying application code.
The platform manages:
Everything required to calculate commercial insurance premiums is managed from one platform.
Modern insurance pricing changes constantly.
Organizations regularly update:
A centralized pricing platform dramatically reduces operational complexity while accelerating product releases.
SelectRate supports every major commercial insurance product. Each product shares one enterprise pricing architecture while maintaining independent business rules.
Manage commercial insurance pricing from one administrative workspace.
Configure:
Business users manage pricing without software development.
Create and maintain configurable pricing formulas.
Supports:
Pricing formulas can be reused across multiple products.
Support pricing from every major commercial insurance bureau.
Including:
Carrier pricing remains independent from bureau content.
Configure carrier-specific pricing strategies.
Supports:
Carrier pricing is maintained independently from bureau content.
Calculate accurate commercial insurance premiums.
Evaluate:
Every calculation is transparent through Rating Worksheets and Rating Trace.
Control pricing changes through enterprise governance.
Supports:
Organizations maintain complete control over every pricing change.
Analyze pricing performance across the organization.
Analyze:
Leadership teams gain actionable business intelligence.
Access every pricing capability through secure REST APIs.
Integrate with:
Every application uses the same centralized pricing engine.
Pricing and underwriting work together to deliver accurate, compliant premium calculations. Pricing decisions automatically reflect underwriting outcomes.
Evaluate:
Learn more about Underwriting Rules Engine
Validate pricing before production deployment. Every pricing change is automatically tested to ensure accuracy and consistency before release.
Automatically Test:
Learn more about Automated Rating Testing
SelectRate is designed for enterprise insurance operations. The platform supports thousands of quotes and premium calculations every hour.
Supports:
Every pricing decision is fully documented. Organizations maintain complete operational transparency
Track:
Insurance organizations modernize pricing to improve speed, flexibility, and profitability.
Benefits Include:
Replace spreadsheets, legacy rating systems, and disconnected pricing tools with one enterprise Commercial Insurance Pricing Platform built specifically for modern insurance organizations.