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.
Insurance Rating Bureaus develop and maintain standardized rating information used by commercial insurance companies.
Depending on the line of business and jurisdiction, bureau organizations publish:
Insurance companies typically combine bureau content with proprietary carrier pricing, underwriting guidelines, and product enhancements.
Commercial insurance products change continuously.
Every year insurance organizations receive updates involving:
Managing these updates manually across multiple systems creates operational risk. SelectRate centralizes bureau management while simplifying testing and deployment.
SelectRate supports the major commercial insurance rating organizations used throughout the United States.
Including:
Carrier specific rating methodologies can be layered on top of any supported bureau.
ISO provides commercial insurance content for many commercial property and casualty products. Carrier deviations remain separate from bureau content, simplifying future updates.
Organizations manage:
Learn more about ISO Rating Software and ISO Commercial General Liability Rating.
NCCI publishes Workers Compensation content for the majority of participating states.
Organizations manage:
Learn more about NCCI Rating Software and Workers Compensation Rating Software.
SelectRate supports individual state rating organizations that publish their own Workers Compensation content.
Supported bureaus include:
Each bureau maintains unique classifications, rating methodologies, and regulatory requirements that can be managed independently within SelectRate.
Every bureau follows the same structured product lifecycle. Business users maintain bureau content without modifying software code.
Manage:
Learn more about Insurance Product Configuration Platform.
Most insurance organizations extend bureau products with proprietary pricing. Carrier logic remains independent from bureau content.
Configure:
Learn more about Carrier Rate Multipliers and Carrier Rating Overrides.
Bureau updates frequently become effective on future dates. Organizations can prepare future bureau updates months before production deployment.
SelectRate manages:
Learn more about Effective Date Management.
Every bureau update should be validated before deployment. Automated testing significantly reduces production risk.
Test:
Learn more about Rating Testing Software.
Deploy bureau updates through governed release workflows.Every bureau update follows a structured deployment process.
Supports:
Learn more about Rating Release Management.
Expose bureau rating through secure REST APIs.One centralized rating engine supports every connected application.
Integrate with:
Learn more about Insurance Rating API.
Every bureau update is fully documented. Organizations maintain complete visibility into every bureau update.
Track:
Insurance organizations modernize bureau management to improve operational efficiency and reduce maintenance.
Benefits include:
Whether you manage ISO products, Workers Compensation bureaus, proprietary carrier products, or multiple commercial insurance programs, SelectRate provides one centralized platform to configure, govern, test, and deploy bureau content with confidence.