Reference

Insurance Technology Glossary

Integration, rating, API and workflow terminology, as it is used in production insurance systems. 116 terms covering underwriting, rating, APIs, carrier connectivity, automation, policy workflows and MGA operations.

116 terms

A5 terms

Address Validation Insurance

Infrastructure used to validate insured addresses and geographic risk data.

AMS Rating Integration

The integration between agency management systems and rating infrastructure.

API-Driven Insurance Rating

Insurance rating infrastructure exposed and managed through APIs.

Appetite-Based Quoting

Quote generation workflows driven by underwriting appetite rules.

Automated Underwriting Software

Software that automates underwriting decisions, eligibility validation, and operational workflows.

B5 terms

Bind Workflow Software

Infrastructure that automates quote binding, approvals, issuance, and policy workflows.

BOP Rating Software

Software used to quote business owners policies.

Broker Portal

A portal used by brokers to submit risks, manage quotes, and communicate with underwriters.

Broker Submission Intake

The process of collecting, validating, and routing broker submissions.

Builders Risk Rating Software

Rating infrastructure used for builders risk insurance products.

C20 terms

Cargo Insurance Rating Platform

Infrastructure used to quote inland marine and cargo insurance products.

Carrier API Integration

The process of connecting insurance systems into carrier APIs and rating services.

Carrier Appetite Management

The process of defining and managing carrier-specific underwriting appetite and eligibility rules.

Carrier Bind API

An API used to automate insurance binding workflows and policy issuance.

Carrier Connectivity

The ability to connect insurance systems directly into carrier platforms and APIs.

Carrier Integration Platform

A platform used to connect insurance systems into carrier APIs, rating engines, policy systems, and underwriting workflows.

Carrier Portal API Integration

API connectivity between carrier portals and insurance operational systems.

Carrier Portal Automation

Automation infrastructure used to interact with carrier portals.

Carrier Software

Infrastructure used by carriers to manage underwriting, rating, APIs, and policy workflows.

Class Code Eligibility Engine

Infrastructure used to validate workers compensation and commercial class code eligibility.

Commercial Auto Rating Platform

Software designed for commercial auto insurance quoting and underwriting.

Commercial Lines Carrier Integrations

Carrier integrations supporting commercial insurance operations.

Commercial Lines Insurance

Insurance products covering business and commercial risks.

Commercial Package Rating Software

Software designed for quoting package commercial insurance products.

Commercial Property Rating Software

Software designed for quoting commercial property insurance risks.

Comparative Rating

The process of generating and comparing insurance quotes across multiple carriers, programs, or rating engines within a single workflow.

Contractor Insurance Rating

The process of quoting insurance for contractors and construction-related risks.

Cyber Comparative Rating

Comparative rating workflows specific to cyber insurance products.

Cyber Data Integration

The integration of cyber risk scoring and enrichment data into underwriting workflows.

Cyber Insurance Rating Software

Software used to quote and underwrite cyber insurance risks.

D2 terms

Data Prefill Integration

The automation of submission data population using external data sources.

Delegated Authority

Authority granted to MGAs or wholesalers to underwrite and bind on behalf of carriers.

E7 terms

E&S Insurance

Excess and surplus insurance covering specialty or non-admitted risks.

Email-to-Quote Automation

The automation of quote generation directly from email submissions.

Embedded Insurance

Insurance products and workflows integrated directly into third-party digital ecosystems.

Excel Rater Modernization

The modernization of spreadsheet-based insurance rating workflows into scalable platforms.

Excel Rating Engine Hosting

Hosting Excel-based insurance rating logic on cloud or server infrastructure.

Excess and Surplus Rating Software

Infrastructure used for E&S comparative rating and underwriting.

Excess Insurance Rating Software

Infrastructure used to quote excess liability insurance products.

F1 term

Flood Insurance Rating Platform

Software designed to quote flood insurance products.

G2 terms

General Liability Comparative Rating

Comparative rating workflows for general liability insurance.

General Liability Rating Software

Software used to quote and rate general liability insurance products.

H3 terms

Habitational Insurance Rating

Software used for apartment, condo, and habitational insurance underwriting.

Health Insurance Rating Platform

Infrastructure used to generate health insurance quotes and underwriting decisions.

Home Insurance Rating Software

Software used to quote homeowners insurance products.

I16 terms

Insurance API Platform

Infrastructure that exposes insurance workflows, rating systems, underwriting services, and operational functions through APIs.

Insurance APIs

Application programming interfaces used to expose insurance workflows and services.

Insurance Appetite Management Software

Software used to manage underwriting appetite rules, eligibility, and risk selection workflows.

Insurance Decision Engine

A rules-driven platform that automates underwriting decisions and operational workflows.

Insurance Document Automation

The automation of forms, certificates, proposals, and policy documents.

Insurance Ecosystem

The interconnected infrastructure supporting carriers, MGAs, agencies, brokers, APIs, and workflows.

Insurance Marketplace Integration

Integration between insurance systems and marketplace distribution ecosystems.

Insurance Modernization

The process of upgrading legacy insurance workflows into modern infrastructure.

Insurance Product Configuration Software

Software used to configure insurance products, rating rules, forms, underwriting logic, and workflows.

Insurance Quick Indication Platform

Infrastructure designed to provide rapid insurance pricing indications.

Insurance Quoting Software

Software that allows producers, MGAs, wholesalers, and carriers to generate insurance quotes.

Insurance Rating API

An API used to generate insurance pricing and underwriting responses.

Insurance Rating Engine

A rules-driven system that calculates insurance pricing, eligibility, premiums, taxes, and underwriting outcomes.

Insurance Rating Software

Software used to calculate insurance premiums, apply underwriting rules, and generate quotes across insurance products.

Insurance Workflow

Operational workflows supporting rating, underwriting, policy issuance, and servicing.

Insurtech Platform

Technology infrastructure built to Modernize Quote-to-Bind Operations and workflows.

L1 term

Legacy Rater Modernization

The modernization of outdated insurance rating systems into scalable infrastructure.

M5 terms

MGA Carrier Connectivity

Infrastructure connecting MGAs into carrier systems, APIs, and underwriting workflows.

MGA Rating Platform

Comparative rating and underwriting infrastructure designed specifically for Managing General Agents.

MGA Software

Software designed to support MGA underwriting, rating, policy, and workflow operations.

Multi-Carrier Quote Comparison

The process of comparing quotes across multiple carriers.

Multi-Carrier Rating Software

A platform that connects multiple carriers into a unified quote generation and comparative rating workflow.

O1 term

Occupational Accident Rating Software

Software used to rate occupational accident insurance policies.

P8 terms

Personal Auto Rating Software

Infrastructure used to generate personal auto insurance quotes.

Personal Lines Carrier Integrations

Carrier integrations supporting personal insurance operations.

Personal Lines Insurance

Insurance products covering individuals and personal property.

Policy Issuance

The process of generating and issuing insurance policies after underwriting approval.

Producer Portal

A portal used by producers or agents to access quoting and operational workflows.

Professional Liability Quoting Software

Software designed to generate professional liability insurance quotes.

Professional Liability Rating Software

Infrastructure used to quote professional liability insurance products.

Program Administrator Software

Infrastructure used to manage delegated authority programs, underwriting operations, policy workflows, and reporting.

Q6 terms

Quote-Bind-Issue Workflow

The operational workflow from quote generation through binding and issuance.

Quote-to-bind infrastructure

The systems, APIs, workflows, and operational technology powering insurance operations.

Quote-to-bind operating platform

A centralized Quote-to-bind workflow automation platform supporting rating, underwriting, APIs, workflows, and policy operations.

Quote-to-Bind Platform

Infrastructure that manages the workflow from quote generation through underwriting, binding, issuance, and downstream policy operations.

Quote-to-bind workflow automation

The automation of underwriting, quoting, carrier connectivity, policy processing, and operational workflows.

Quote-to-Issue

The workflow from insurance quote generation through policy issuance.

R4 terms

Rating Engine Integration

The integration of external or internal insurance rating engines into workflows.

Real-Time Carrier Quoting

The process of generating real-time quotes directly from carrier systems.

Real-Time Insurance Rating

The generation of insurance quotes instantly using APIs and automated workflows.

Restaurant Insurance Rating

Infrastructure used to quote restaurant insurance products.

S12 terms

Single Entry Quoting

A workflow where data is entered once and reused across multiple carriers or rating systems.

Small Commercial Quote Automation

The automation of small commercial insurance quote workflows.

Small Commercial Rating Platform

Infrastructure designed for small commercial insurance quoting workflows.

Spreadsheet Rating Automation

The automation of spreadsheet-driven insurance rating workflows.

State-Based Rating Rules

Insurance rating logic configured based on state-specific requirements.

State-Based Underwriting Rules

Underwriting rules and eligibility workflows configured by state-specific insurance regulations.

Straight-Through Processing (STP)

Insurance automation where submissions move from intake to quote, bind, or issuance without manual intervention.

Subjectivity Management Software

Software used to manage underwriting subjectivities, outstanding requirements, and compliance workflows.

Submission Clearance Engine

Infrastructure used to identify duplicate insurance submissions and route workflows properly.

Submission Intake

The operational process of collecting and routing insurance submissions.

Submission-to-Bind Automation

The automation of workflows from submission intake through policy binding.

Submission-to-Quote Automation

Automation infrastructure that converts submissions into quotes.

T2 terms

Tech E&O Rating Platform

Software used to quote technology errors and omissions insurance.

Third-Party Rater Integration

Integration between insurance systems and external comparative raters or rating platforms.

U10 terms

Underwriter Portal Rating

Portal infrastructure supporting underwriting workflows and quote reviews.

Underwriter Workspace

A browser-based operational environment for underwriters managing submissions and workflows.

Underwriting Automation

The automation of underwriting decisions, validation, and operational workflows.

Underwriting Automation Platform

Infrastructure that automates underwriting reviews, eligibility checks, routing, scoring, and operational workflows.

Underwriting Dashboard

A centralized dashboard providing underwriting visibility, submission tracking, and operational analytics.

Underwriting Eligibility Engine

A rules-driven engine used to determine whether submissions qualify for underwriting review or quoting.

Underwriting Portal Software

Browser-based portals used by underwriters to manage submissions, workflows, quotes, and policy operations.

Underwriting Rules Engine

A rules-based system that automates underwriting validation and risk evaluation logic.

Underwriting Spreadsheet Modernization

The process of converting spreadsheet underwriting operations into scalable infrastructure.

Underwriting Workbench

A centralized workspace used by underwriters to review submissions, evaluate risks, and manage underwriting workflows.

V1 term

Vacant Property Rating

The process of quoting vacant property insurance risks.

W5 terms

Web Rater Platform

A browser-based insurance rating and quoting system.

Wholesale Insurance Software

Software supporting wholesale brokers, E&S wholesalers, and delegated authority insurance operations.

Workers Comp Carrier Integrations

Carrier connectivity workflows specific to workers compensation insurance.

Workers Comp Comparative Rating

Comparative rating workflows specific to workers compensation insurance.

Workers Comp Rating Software

Infrastructure used to quote and underwrite workers compensation insurance.