When a premium changes unexpectedly, the most common question is simple:
What changed?
Most legacy rating systems provide only the final premium. They do not explain how the premium was calculated, which rules executed, which formulas were evaluated, or why pricing changed. SelectRate Rating Trace records every calculation, every business rule, every lookup table, every underwriting decision, and every pricing adjustment executed during the rating process. Instead of troubleshooting by guessing, insurance organizations can replay every calculation exactly as it occurred.
Rating Trace is a complete execution log of every calculation performed by the commercial insurance rating engine.
The trace records:
Every calculation step is permanently recorded.
Commercial insurance pricing involves hundreds or even thousands of calculations.
Without a Rating Trace, organizations struggle to:
Rating Trace provides complete visibility into every rating decision.
Rating Trace supports every commercial insurance product.
Every product shares the same enterprise tracing engine.
Every quote generates a chronological execution timeline.
View:
Every step includes timestamps and execution details.
Review every formula executed during rating.
Display:
Users can inspect every mathematical calculation. Learn more about Insurance Formula Builder.
Every business rule records its execution.
Review:
Users immediately understand why a rule executed. Learn more about Underwriting Rules Engine.
Every rating variable is documented.
Examples include:
The trace records both the original value and the value used during calculation.
Every lookup performed by the rating engine is recorded.
Review:
Every lookup includes the matched record and returned value.
Compare execution traces between product versions.
Review:
Version comparisons simplify regression testing and product reviews. Learn more about Rating Version Control.
Rating Trace is available through secure REST APIs.
Applications can retrieve:
Every application receives identical calculation details. Learn more about Insurance Rating API.
Review bureau calculations separately from carrier pricing.
Supports:
Users can distinguish bureau calculations from proprietary carrier adjustments. Learn more about Insurance Rating Bureaus.
Every carrier adjustment is documented.
Display:
Carrier pricing is fully traceable.
Review every underwriting decision.
Display:
Every underwriting event includes supporting rule execution.
Every Rating Trace links directly to the Rating Worksheet.
Users can:
Together, the worksheet and trace provide complete pricing transparency. Learn more about Rating Worksheet.
Rating Trace is integrated into automated testing.
Validate:
Testing teams can immediately identify where calculations changed. Learn more about Rating Testing Software.
Every Rating Trace becomes part of the permanent audit record.
Track:
Organizations maintain complete transparency across every premium calculation.
Insurance organizations use Rating Trace to improve transparency and troubleshooting.
Benefits include:
Stop guessing why premiums changed. Use SelectRate Rating Trace to inspect every calculation, every rule, and every pricing decision from submission to final premium.