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.
Commercial insurance products are made up of hundreds of interconnected business components.
Changes may involve:
Version control ensures every change is tracked, approved, and recoverable.
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
Unlike generic source control systems, SelectRate Version Control is designed specifically for insurance products.
Manage versions for:
Business users can manage versions without software development expertise.
Every pricing formula is independently versioned.
Track:
Formula changes are linked directly to the products that use them. Learn more about Insurance Formula Builder.
Every underwriting rule maintains its own lifecycle.
Manage versions for:
Organizations can compare underwriting behavior across product releases. Learn more about Underwriting Rules Engine.
Commercial insurance bureaus publish frequent updates.
Track versions for:
Every bureau update is stored independently with complete effective date history. Learn more about Insurance Rating Bureaus.
Development teams frequently work on future product releases.
Draft versions support:
Draft products remain isolated from production until approved. Learn more about Draft Rating Changes.
Understanding what changed is critical.
Compare:
Version comparisons simplify product reviews and regulatory audits.
Every modification is automatically recorded.
Track:
Organizations always know exactly who changed what. Learn more about Change History.
Unexpected issues can occur after deployment.
Restore:
Rollback restores previous versions while preserving audit history.
Every insurance product maintains a complete version history.
Track:
Historical versions remain available for renewals, audits, and reporting.
Version changes follow structured governance.
Approval stages may include:
Only approved versions move into production.
Approved versions become release packages.
Supports:
Approved product versions become release packages managed through Rating Release Management. Learn more about Rating Release Management.
Every version should be validated before deployment.
Test:
Every product version should complete automated testing before it is approved for production deployment. Learn more about Rating Testing Software.
Applications automatically use the correct version during rating.
Version selection considers:
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.
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.