Build, manage, and modernize commercial insurance products through one enterprise platform supporting underwriting, product configuration, ISO and NCCI bureau rating, and quote to bind workflows.
Commercial insurance organizations need more than a rating engine. They need a complete platform capable of managing products, pricing, underwriting, bureau content, carrier deviations, APIs, testing, analytics, governance, and deployment from a single environment. SelectRate is an enterprise Commercial Insurance Rating Platform built specifically for carriers, Managing General Agents (MGAs), wholesalers, program administrators, reciprocal exchanges, Risk Retention Groups, and InsurTech companies. From Commercial General Liability to Workers Compensation, Commercial Property, Commercial Auto, Cyber Liability, and Specialty Programs, SelectRate provides one centralized platform for the complete commercial insurance product lifecycle.
Many insurance organizations continue to operate multiple disconnected systems.
Examples include:
These disconnected environments increase operational costs while slowing product innovation. SelectRate replaces fragmented technology with one integrated commercial insurance platform.
Many commercial insurance organizations still rely on disconnected rating engines, spreadsheets, desktop applications, and custom-built systems.
A modern commercial insurance rating platform centralizes:
This simplifies operations while reducing long-term maintenance costs.
Unlike generic policy administration software, SelectRate focuses specifically on commercial insurance rating and product management.
Supported organizations include:
The platform scales from a single insurance product to enterprise portfolios containing hundreds of programs across multiple carriers.
SelectRate combines every major rating capability into one enterprise platform.
Modules include:
Every component shares one centralized architecture.
Build and maintain commercial insurance products without modifying application code.
Configure:
Learn more about Insurance Product Configuration Platform.
Calculate commercial insurance premiums using configurable business rules.
Supports:
Learn more about the Insurance Rating Engine, which powers premium calculation and rating execution across the commercial insurance platform. Learn more about Commercial Insurance Rating Engine.
Configure underwriting workflows directly within the platform.
Evaluate:
Underwriting decisions are evaluated during every rating request. Learn more about Underwriting Rules Engine.
SelectRate supports ISO and NCCI bureau content together with carrier derivative rating and proprietary commercial insurance products.
Including:
Carrier specific pricing remains independent from bureau content. Learn more about Insurance Rating Bureaus.
Calculate every component of commercial insurance pricing.
Including:
Every calculation is available through detailed worksheets and rating trace. Learn more about Premium Calculation Engine.
Every rating capability is exposed through secure REST APIs.
Integrate with:
The platform integrates with policy administration systems, underwriting workbenches, agency management systems, and third-party applications through secure APIs. Learn more about Insurance Rating API.
Commercial insurance products follow structured lifecycle management.
Lifecycle includes:
Every product follows the same governed workflow.
SelectRate supports virtually every commercial insurance product.
Each product shares common platform services while maintaining independent rating logic.
Insurance organizations modernize commercial insurance platforms to improve agility and operational efficiency.
Benefits include:
Replace disconnected rating systems with one enterprise platform designed specifically for commercial insurance. Configure products faster, improve underwriting consistency, accelerate bureau updates, and deploy new insurance products with confidence using SelectRate.