Build and Manage Commercial Insurance Products from One Platform
Modern commercial insurance products evolve continuously. New coverages, bureau updates, carrier deviations, underwriting guidelines, regulatory requirements, and market conditions require insurance organizations to update products quickly while maintaining complete control over pricing and governance.The SelectRate Insurance Product Configuration Platform provides a centralized environment for creating, managing, testing, versioning, and deploying commercial insurance products without modifying application code.Whether you manage one product or hundreds of carrier programs, SelectRate simplifies product administration while reducing operational complexity.
An Insurance Product Configuration Platform allows insurance organizations to configure every component of a commercial insurance product through business driven configuration instead of software development.Rather than embedding business rules inside applications, products are assembled from configurable components that can be reused, versioned, tested, and deployed through a governed product lifecycle.This approach significantly reduces implementation time while improving flexibility and maintainability.
The platform supports virtually every commercial insurance product.
Including:
Products can be configured independently while sharing common business components across the organization.
Every commercial insurance product consists of multiple configurable components.
Manage:
Everything is managed from one centralized platform.
Organize commercial insurance products across multiple business units.
Manage:
Configure coverage options without modifying software code.
Supports:
Configure pricing directly from the product platform. Pricing changes can be implemented without software releases.
Manage:
Every commercial insurance product includes configurable underwriting rules. Business users maintain underwriting policies without developer involvement.
Configure:
Manage every document associated with commercial insurance products. Forms remain synchronized with product versions throughout the product lifecycle.
Configure:
Commercial insurance products change frequently.Every version is maintained with complete audit history.
Supports:
Every product can be validated before deployment. Testing reduces production issues while improving confidence in every release.
Run:
After testing and approvals, products are deployed through governed release workflows. Organizations gain complete control over product deployment.
Supports:
Configure products based on implementation dates. Organizations can maintain multiple active product versions simultaneously.
Supports:
Learn more about Effective Date Management.
Every configured product is immediately available through the SelectRate API platform. One centralized product configuration powers every connected application.
Integrate with:
Learn more about Insurance Rating API.
The Insurance Product Configuration Platform provides enterprise governance across the entire product lifecycle. Organizations maintain complete visibility into every product change.
Features include:
Insurance organizations modernize product management to improve agility and reduce operational complexity.
Benefits include:
Stop maintaining disconnected spreadsheets and hardcoded rating applications. SelectRate gives your organization a centralized platform to configure, govern, test, and deploy commercial insurance products faster with greater confidence.