Every commercial insurance product evolves over time. New bureau updates, carrier pricing, underwriting rules, rating formulas, and product enhancements should never be deployed directly into production. SelectRate provides a Draft Rating Changes workspace where product managers, actuaries, business analysts, and underwriters can safely develop new rating logic, compare changes, perform testing, obtain approvals, and prepare releases without affecting live quoting. Instead of making changes directly to production products, organizations can manage a complete draft lifecycle with enterprise governance.
Draft Rating Changes are unpublished modifications made to insurance products before they become active in production.
Drafts allow organizations to safely develop:
Drafts remain isolated until approved for release.
Commercial insurance products change continuously.
Examples include:
Without draft management, organizations risk introducing production errors and inconsistent pricing.
Draft Rating Changes support every commercial insurance product.
Every product supports independent draft versions.
Business users can create draft versions without affecting production.
Create drafts for:
Multiple draft versions can exist simultaneously.
Every draft includes its own isolated workspace.
Manage:
Teams collaborate without impacting production systems.
Compare draft products with production.
Review:
Visual comparisons simplify product reviews. Learn more about Change History
Compare premiums before deployment.
Display:
Users immediately understand the financial impact of proposed changes. Learn more about Rating Worksheet
Every draft should be validated before approval.
Test:
Drafts cannot move to production until testing is complete. Learn more about Rating Testing Software
Automatically compare draft results with production.
Validate:
Regression analysis identifies unexpected pricing changes before deployment. Learn more about Regression Testing.
Every draft follows a configurable approval process.
Supports:
Only approved drafts can be scheduled for release.
Drafts can be prepared months before implementation.
Configure:
Organizations prepare future releases without affecting current business.
Approved drafts automatically become release candidates.
Supports:
Deployment becomes predictable and repeatable.
Draft environments are fully accessible through secure APIs.
Applications can:
Development teams can automate product validation.
Support collaboration across product teams.
Allow:
Comments, reviews, and approvals remain attached to every draft.
Every draft maintains complete version history.
Track:
Organizations maintain complete traceability throughout development. Learn more about Rating Version Control.
Every draft calculation generates its own Rating Trace.
Review:
Users understand every change before deployment. Learn more about Rating Trace.
Every draft follows structured governance.
Track:
Organizations maintain complete visibility throughout product development.
Insurance organizations use draft environments to reduce production risk.
Benefits include:
Develop, compare, test, approve, and deploy commercial insurance product changes with confidence using SelectRate Draft Rating Changes.