Rating Version Control
Manage commercial insurance product versions, rating formulas, underwriting rules, and bureau updates through complete enterprise version control.
Commercial insurance products evolve continuously. Rating formulas change, bureau organizations publish updates, underwriting rules are revised, carrier pricing is adjusted, and new products are introduced throughout the year. Without structured version control, insurance organizations struggle to understand what changed, when it changed, who approved it, and which version generated a particular premium. SelectRate Rating Version Control provides complete lifecycle management for every insurance product, allowing organizations to maintain historical, current, draft, and future product versions from one centralized platform.
Why Version Control Matters
Commercial insurance products are made up of hundreds of interconnected business components.
Changes may involve:
- Rating Formulas
- Rating Variables
- Loss Costs
- Carrier Multipliers
- Underwriting Rules
- Eligibility Rules
- Forms
- Endorsements
- Product Configuration
- API Behavior
Version control ensures every change is tracked, approved, and recoverable.
Every Premium References a Version
Every commercial insurance premium is generated from a specific product version. Rating Version Control records exactly which product version, rating formula, underwriting rule, bureau content, and carrier configuration were used during premium calculation. This allows organizations to reproduce historical premiums with complete accuracy.
Learn more: Premium Calculation Engine, Rating Release Management
Built for Commercial Insurance
Unlike generic source control systems, SelectRate Version Control is designed specifically for insurance products.
Manage versions for:
- Insurance Products
- Programs
- Carriers
- Bureau Content
- Rating Formulas
- Underwriting Rules
- Coverage Options
- Forms
- Endorsements
- APIs
Business users can manage versions without software development expertise.
Formula Version Control
Every pricing formula is independently versioned.
Track:
- Formula Revisions
- Variable Changes
- Lookup Table Changes
- Logic Updates
- Formula Comparisons
- Deployment History
Formula changes are linked directly to the products that use them. Learn more about Insurance Formula Builder.
Underwriting Rule Versioning
Every underwriting rule maintains its own lifecycle.
Manage versions for:
- Eligibility Rules
- Refer to Company
- Decline Rules
- Authority Limits
- Required Documentation
- State Rules
- Carrier Rules
Organizations can compare underwriting behavior across product releases. Learn more about Underwriting Rules Engine.
Bureau Version Management
Commercial insurance bureaus publish frequent updates.
Track versions for:
- ISO
- NCCI
- Carrier Derivative Rating
- Custom Commercial Insurance Products
Every bureau update is stored independently with complete effective date history. Learn more about Insurance Rating Bureaus.
Draft Versions
Development teams frequently work on future product releases.
Draft versions support:
- Product Development
- Formula Updates
- Underwriting Changes
- Product Testing
- Business Review
- User Acceptance Testing
Draft products remain isolated from production until approved. Learn more about Draft Rating Changes.
Version Comparison
Understanding what changed is critical.
Compare:
- Rating Formulas
- Variables
- Products
- Underwriting Rules
- Forms
- Endorsements
- Premium Results
- API Responses
Version comparisons simplify product reviews and regulatory audits.
Change Tracking
Every modification is automatically recorded.
Track:
- User
- Date
- Time
- Changed Component
- Previous Value
- New Value
- Comments
- Approval Status
Organizations always know exactly who changed what. Learn more about Change History.
Rollback Support
Unexpected issues can occur after deployment.
Restore:
- Product Versions
- Rating Formulas
- Underwriting Rules
- Bureau Content
- Forms
- Endorsements
Rollback restores previous versions while preserving audit history.
Product Version Management
Every insurance product maintains a complete version history.
Track:
- Product Version Number
- Creation Date
- Effective Date
- Release Date
- Status
- Owner
- Approval Status
Historical versions remain available for renewals, audits, and reporting.
Approval Workflows
Version changes follow structured governance.
Approval stages may include:
- Product Manager
- Underwriter
- QA Team
- Compliance
- Executive Approval
Only approved versions move into production.
Release Integration
Approved versions become release packages.
Supports:
- Scheduled Releases
- Bureau Releases
- Carrier Releases
- Product Launches
- Rollback
- Deployment History
Approved product versions become release packages managed through Rating Release Management. Learn more about Rating Release Management.
Automated Testing
Every version should be validated before deployment.
Test:
- Formula Changes
- Product Configuration
- Premium Differences
- Bureau Updates
- Underwriting Rules
- API Responses
Every product version should complete automated testing before it is approved for production deployment. Learn more about Rating Testing Software.
API Version Management
Applications automatically use the correct version during rating.
Version selection considers:
- Policy Effective Date
- Product
- Carrier
- State
- Bureau Version
- Program Version
The Insurance Rating API automatically selects the correct product version based on configured business rules and policy effective dates. Learn more about Insurance Rating API.
Frequently Asked Questions
Gain Complete Control Over Every Insurance Product Version
Whether you're managing bureau updates, carrier pricing, underwriting rules, or new product releases, SelectRate provides enterprise version control that simplifies governance while reducing deployment risk.