Modern Rating Infrastructure for Commercial Insurance
SelectRate is the commercial insurance rating platform developed by Selectsys Tech for insurance organizations that need to build, configure, test, and deploy commercial insurance products faster. It combines a powerful rating engine, product configuration tools, underwriting rules, API connectivity, testing automation, and release management into a single platform designed specifically for commercial insurance. Whether you manage one insurance program or hundreds of carrier products, SelectRate provides the tools needed to simplify rating operations while giving underwriting teams complete control over product configuration and pricing.
Many insurance organizations still rely on legacy rating systems, spreadsheets, disconnected underwriting tools, or aging desktop applications. These environments make product changes slow, increase operational risk, and create unnecessary maintenance costs. SelectRate replaces fragmented rating infrastructure with a centralized commercial insurance rating platform that enables technical and business users to work together on product development without sacrificing governance or auditability. The platform supports the complete lifecycle of commercial insurance product management, from initial product configuration through testing, deployment, monitoring, and ongoing maintenance.
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:
The platform can support ISO based products, NCCI workers compensation products, carrier proprietary products, and completely custom rating methodologies.
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:
Organizations choose SelectRate because it helps reduce product deployment time while improving governance, testing, and operational efficiency.
Benefits include:
Whether you're replacing spreadsheets, modernizing legacy rating software, launching a new insurance product, or building an enterprise commercial insurance platform, SelectRate provides the infrastructure needed to accelerate product development while maintaining complete control over pricing and underwriting.