NetRate Modernization for Quote-to-Bind Automation
Keep NetRate as your rating engine and expose it through a modern platform used by agents, producers, and underwriters, or transition your rating products to SelectRate when you are ready for complete rating platform modernization.
NetRate Still Solves the Rating Problem
Many carriers, MGAs, wholesalers, program administrators, and specialty insurance organizations continue to rely on NetRate for commercial insurance premium calculation. The challenge is usually not the rating calculation. The challenge is giving agents, producers, and underwriters a modern platform for submission intake, eligibility, appetite, quoting, underwriting, document generation, and binding. SelectsysTech supports two NetRate modernization paths. Organizations can continue using NetRate as the rating engine while SelectsysTech provides the modern rating and quote-to-bind platform around it. Organizations that want to retire NetRate can gradually transition their rating products to SelectRate.
Two Paths to NetRate Modernization
Every organization has different modernization goals. Some organizations want to preserve their existing NetRate investment and modernize the experience around it. Others want to move rating products into a modern enterprise rating platform. SelectsysTech supports both approaches.
Path 1: Keep NetRate as the Rating Engine
SelectsysTech consumes the NetRate API and exposes the rating functionality through a modern platform used by agents, producers, underwriters, and insurance operations teams.
NetRate continues calculating premiums while SelectsysTech manages:
- Agent and Producer Portals
- Submission Intake
- Coverage Selection
- Risk Questions
- Eligibility Validation
- Appetite Management
- Underwriting Workflows
- Quote Generation
- Proposal Delivery
- Binder Generation
- Quote-to-Bind Operations
This approach is best for organizations that want rapid modernization without replacing NetRate.
Path 2: Transition Rating Products to SelectRate
Organizations that want to retire NetRate can migrate their rating products into SelectRate over time. SelectRate provides a modern enterprise rating platform for ISO and NCCI based commercial insurance products with carrier specific deviations and proprietary pricing.
SelectRate supports:
- Insurance Product Configuration
- Product Builder
- Formula Builder
- Rating Workbench
- Effective Date Management
- Version Control
- Automated Testing
- Approval Workflows
- Release Management
- Audit History
This approach is best for organizations planning long-term rating platform modernization.
How SelectsysTech Works With NetRate
SelectsysTech consumes the NetRate API and makes NetRate rating available through a modern platform used by agents, producers, underwriters, and connected insurance systems. NetRate remains responsible for premium calculation while SelectsysTech manages the complete user experience and quote-to-bind workflow.
Agent or Producer
Submission Intake
Coverage Selection
Risk Questions
Eligibility Validation
Appetite Review
Underwriting Review
NetRate API
Premium Returned
Quote Generation
Proposal Delivery
Binder Generation
Bind
Policy Administration
What Organizations Modernize Around NetRate
Organizations can preserve NetRate for premium calculation while modernizing the workflows used by agents, producers, underwriters, and operations teams.
- Agent and Producer Portals
- Submission Intake
- Eligibility Validation
- Appetite Management
- Underwriting Workflows
- Quote Generation
- Binder Generation
- Carrier Connectivity
- Policy Administration Integration
- Quote-to-Bind Automation
Which NetRate Modernization Path Is Right for You?
Keep NetRate
Choose this path when:
- NetRate continues to meet your rating requirements
- You want faster implementation
- You want to preserve existing rating products
- You need modern agent and producer access
- You need better underwriting and quote-to-bind workflows
- You want to avoid immediate rating platform migration
Move to SelectRate
Choose this path when:
- You want to retire NetRate
- You need greater control over product configuration
- You want business teams to manage rating products
- You need stronger version control and governance
- You need automated testing and release management
- You want a modern ISO and NCCI commercial rating platform
SelectsysTech can also support a phased approach in which NetRate remains active while selected products are migrated to SelectRate over time.
Built for Insurance Organizations Using NetRate
Many organizations continue using NetRate while adding SelectsysTech as the quote-to-bind automation layer.
Why NetRate Customers Add SelectsysTech
SelectsysTech gives NetRate customers a modern operating platform while preserving the option to transition rating products to SelectRate over time.
Modern Agent Experience
Give agents and producers one platform for submissions, rating, quoting, and binding.
NetRate API Integration
Consume the NetRate API and expose premium calculation through modern insurance workflows.
Underwriting Automation
Automate eligibility, appetite, referrals, approvals, and Underwriting Review.
Quote-to-Bind Operations
Manage the complete process from submission intake through quote, proposal, binder, and bind.
Connected Insurance Systems
Integrate NetRate workflows with policy administration, AMS platforms, carrier systems, and external data sources.
SelectRate Migration Path
Transition selected products from NetRate to SelectRate without requiring a single large replacement project.
Why Insurance Organizations Choose SelectsysTech
Submission Intake
Capture submissions through producer portals, agency portals, and digital workflows.
Coverage Selection
Guide users through coverage options and underwriting requirements.
Eligibility Validation
Validate risks before rating begins.
Appetite Management
Apply carrier appetite, class code rules, and underwriting controls.
Underwriting Automation
Automate referrals, approvals, and workflow routing.
Underwriting Workbench
Provide centralized quote review and underwriting decision support.
Quote-to-Bind Automation
Move submissions from intake through bind.
Insurance APIs
Support embedded insurance and connected workflows.
Frequently Asked Questions
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This content is provided for informational and educational purposes only and does not imply any endorsement, partnership, sponsorship, affiliation, or certification by any referenced company or product. Readers should verify current product information, features, pricing, and implementation requirements directly with the respective vendor before making purchasing or implementation decisions.
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Looking for the rating platform itself?
SelectsysTech connects distribution workflows to bureau, carrier-native and third-party rating. If you are configuring ISO programs and running a rating workbench, that is SelectRate, and it has its own site.
Modernize NetRate Without Replacing It
Keep NetRate as your rating engine and expose it through a modern platform for agents, producers, underwriters, and quote-to-bind operations, or transition your rating products to SelectRate through a phased modernization strategy.
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