SelectRate is an enterprise commercial insurance rating platform that combines bureau rating, carrier rating, underwriting rules, product configuration, APIs, testing, deployment, and governance into one modern platform. Built for carriers, MGAs, wholesalers, program administrators, and InsurTech organizations modernizing commercial insurance products.
Commercial insurance organizations need more than a simple rating engine. They need a complete platform that manages product configuration, underwriting rules, premium calculations, bureau content, carrier deviations, testing, approvals, deployment, APIs, and analytics. SelectRate is a modern Insurance Rating Software platform built specifically for commercial insurance. Designed for carriers, Managing General Agents (MGAs), wholesalers, program administrators, and InsurTech companies, SelectRate centralizes every aspect of commercial insurance rating into a single cloud based platform. Whether you are replacing spreadsheets, modernizing legacy rating systems, or building a new insurance platform, SelectRate provides the flexibility and governance required by today's commercial insurance market.
Insurance Rating Software is the technology that calculates insurance premiums while managing the business rules, underwriting requirements, rating formulas, coverage options, and product configuration needed to price commercial insurance policies accurately. Modern insurance rating software extends far beyond premium calculations by providing a complete product management platform powered by a Commercial Insurance Rating Engine.
SelectRate separates industry bureau content, carrier pricing, product configuration, underwriting rules, and premium calculation into independent configurable layers. This allows insurance organizations to modernize products while maintaining complete version control and governance.
Every rating decision remains fully configurable, version controlled, testable, and deployable without modifying application code.
SelectRate supports virtually every commercial insurance product and rating methodology.
Organizations include:
The platform scales from a single insurance program to enterprise product portfolios supporting hundreds of carriers and thousands of insurance products.
Unlike traditional rating applications, SelectRate combines every major rating capability into one platform.
Including:
Insurance organizations no longer need multiple disconnected systems. The Rating Workbench centralizes enterprise rating operations.
At the core of SelectRate is an enterprise rating engine capable of processing complex commercial insurance calculations.
Supports:
Learn more about Commercial Insurance Rating Engine
Configure insurance products without modifying software applications.
Manage:
Learn more about Insurance Product Configuration Platform, Insurance Formula Builder.
Business users maintain insurance products while IT teams manage integrations and platform infrastructure.
Business Users Configure
IT Teams Manage
This separation allows product managers and underwriting teams to manage insurance products without software development for routine product changes.
The platform evaluates underwriting decisions automatically during every rating request.
Supports:
Learn more about Underwriting Rules Engine, Appetite & Eligibility Engine.
SelectRate calculates every component contributing to the final premium.
Including:
Learn more about Premium Calculation Engine
Every rating function is available through secure REST APIs.
Integrates With
Supported APIs
Every platform capability is available through secure APIs allowing insurance organizations to integrate SelectRate into existing policy administration, underwriting, and distribution ecosystems. Learn more about Insurance Rating API, Carrier Integration Platform.
SelectRate supports industry bureau content, proprietary carrier rating, and custom rating models through one configurable enterprise rating platform.
Carrier specific pricing, proprietary rating algorithms, and custom pricing models can be layered over bureau content while maintaining complete version control, audit history, and effective date management. Learn more about ISO Rating Software, NCCI Rating Software.
SelectRate supports virtually every commercial insurance rating methodology used by carriers, MGAs, wholesalers, and program administrators.
Learn more about Multi Carrier Rating Software.
Every product change follows controlled governance.
Features include:
Organizations maintain complete visibility into every product change from development through production using Rating Release Management.
Every product release follows a controlled deployment pipeline.
Insurance organizations can validate every rating change before production while maintaining complete release history and audit trails.
Every product release is validated before deployment.
Supports:
Testing helps eliminate production issues before products reach customers. Learn more about Rating Testing Software
Monitor commercial insurance operations using centralized dashboards.
Analyze:
Real time reporting helps organizations continuously improve operational efficiency. Learn more about Rating Analytics
SelectRate supports virtually every commercial insurance product.
Products share common business components while maintaining independent pricing logic.
Insurance organizations modernize rating platforms to improve agility, governance, and operational efficiency.
Benefits include:
SelectRate helps carriers, MGAs, wholesalers, and program administrators configure insurance products, automate underwriting, manage bureau and carrier rating, expose rating APIs, and deploy commercial insurance products faster through one enterprise platform.