Enterprise commercial insurance rating platform for carriers, MGAs, wholesalers, and program administrators. Configure ISO and NCCI products, manage carrier deviations, automate rating, govern product changes, and deploy commercial insurance products from one centralized platform.
SelectRate is an enterprise commercial insurance rating platform built for organizations that manage multiple commercial insurance products, carriers, programs, and states. Instead of relying on legacy rating systems, spreadsheets, or hardcoded applications, product teams configure ISO and NCCI bureau content, carrier specific deviations, underwriting rules, rating formulas, pricing logic, testing, approvals, and production releases from one centralized platform. Whether launching a new commercial insurance product or modernizing an existing rating platform, SelectRate provides the governance, flexibility, and scalability required by enterprise insurance organizations.
Legacy commercial insurance rating systems often require lengthy development cycles, disconnected spreadsheets, manual deployments, and costly maintenance. SelectRate modernizes commercial insurance rating by allowing product teams to configure products without rebuilding applications, accelerating product launches while maintaining enterprise governance and operational control.
Insurance organizations select SelectRate to replace legacy rating systems with an enterprise platform that accelerates product delivery, improves governance, reduces operational risk, and simplifies commercial insurance product management.
SelectRate was designed specifically for commercial lines and specialty insurance.
Supported organizations include:
Unlike generic rules engines, SelectRate understands commercial insurance rating workflows, bureau content, underwriting requirements, carrier specific deviations, and complex premium calculations.
Calculate premiums using configurable formulas, rating variables, carrier rules, bureau data, modifiers, and underwriting logic.
Build commercial insurance products without rewriting application code.
Configure:
Configure underwriting eligibility rules including:
Create reusable formulas that can be shared across multiple insurance products.
Support includes:
Expose every rating function through secure REST APIs allowing integration with:
Provide underwriters with a modern workspace to:
Validate product changes before deployment using automated regression testing.
Automatically verify:
Manage draft rating changes with structured approval workflows before production deployment.
Features include:
Track product performance using built-in reporting dashboards.
Analyze:
SelectRate supports virtually every commercial insurance product including:
SelectRate supports enterprise commercial insurance product management across multiple lines of business while allowing shared rating components, reusable formulas, and carrier specific product variations.
SelectRate enables multiple departments to collaborate from a single platform.
Typical users include:
Role based security ensures every user only has access to the functions appropriate for their responsibilities.
The platform includes enterprise capabilities designed for large insurance organizations.
Features include:
Enterprise product teams use SelectRate to manage:
Each capability works together as part of one governed commercial insurance rating platform.
Organizations choose SelectRate because it helps reduce product deployment time while improving governance, testing, and operational efficiency.
Benefits include:
Replace legacy commercial insurance rating systems with SelectRate. Build, manage, govern, test, and deploy ISO and NCCI commercial insurance products through one enterprise platform designed for carriers, MGAs, wholesalers, and program administrators.