SelectRate Studio

The Enterprise Workspace for Commercial Insurance Product Teams

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One Workspace for Every Product Team

SelectRate Studio is the operational workspace where commercial insurance product teams manage the complete product lifecycle. Instead of working across spreadsheets, disconnected documentation, legacy rating systems, and multiple administration tools, product managers, underwriting teams, actuaries, and business analysts collaborate from one centralized environment. Every product change, formula update, underwriting rule, effective date, approval, test, and deployment begins inside SelectRate Studio.

Built for Enterprise Product Management

SelectRate Studio centralizes every activity required to manage commercial insurance products.

Enterprise teams use Studio to:

  • Configure Products
  • Build Rating Formulas
  • Manage Underwriting Rules
  • Schedule Effective Dates
  • Review Product Versions
  • Run Automated Testing
  • Approve Product Changes
  • Publish Production Releases

Studio becomes the operational control center for the entire SelectRate platform.

What is SelectRate Studio?

SelectRate Studio is the central configuration environment for the SelectRate Commercial Insurance Rating Platform. It allows insurance organizations to create and maintain commercial insurance products without rebuilding applications or modifying production systems.

Everything required to configure a commercial insurance product is managed from a single workspace including:

  • Products
  • Programs
  • Carriers
  • States
  • Rating Variables
  • Rating Formulas
  • Underwriting Rules
  • Eligibility Rules
  • Coverage Options
  • Deductibles
  • Premium Calculations
  • Effective Dates
  • Product Versions
  • Release Packages

SelectRate Studio is not another administration screen. It is the enterprise product management environment where commercial insurance products are designed, governed, tested, approved, and deployed.

Enterprise Product Team Collaboration

Every department involved in commercial insurance product management works from the same governed workspace, improving collaboration while reducing operational complexity.

Users include:

  • Product Managers
  • Rating Analysts
  • Underwriters
  • Business Analysts
  • QA Teams
  • Actuaries
  • Compliance Teams
  • Developers

Every change follows controlled workflows with complete visibility from initial development through production deployment.

Configure Products Without Software Development

Business users can configure commercial insurance products using intuitive configuration tools instead of modifying application code.

Configure:

  • Coverage Options
  • Rating Tables
  • Premium Calculations
  • Classification Codes
  • State Variations
  • Carrier Deviations
  • Fees
  • Taxes
  • Discounts
  • Surcharges
  • Underwriting Questions
  • Eligibility Requirements

Business users maintain commercial insurance products through configuration rather than software development, allowing organizations to deliver product changes significantly faster.

Product Configuration Modules

Product Manager

Create and organize multiple commercial insurance products across carriers, programs, and states.

Supports:

  • Product Hierarchies
  • Carrier Products
  • Program Products
  • Product Status
  • Product Categories
  • State Availability

Rating Formula Builder

Build reusable rating formulas using configurable variables and business rules.

Supports:

  • Formula Libraries
  • Variables
  • Conditional Logic
  • Mathematical Functions
  • Lookup Tables
  • Shared Components

Underwriting Rule Configuration

Configure underwriting rules that automatically evaluate submissions.

Supports:

  • Eligibility Rules
  • Refer to Company
  • Decline Rules
  • Authority Limits
  • Required Documentation
  • State Specific Rules

Premium Calculation Configuration

Configure premium calculations without modifying software code.

Supports:

  • Base Premium
  • Minimum Premium
  • Maximum Premium
  • Fees
  • Taxes
  • Installment Charges
  • Carrier Multipliers

Effective Date Management

Maintain multiple versions of products with future effective dates.

Supports:

  • Scheduled Releases
  • Historical Products
  • Future Products
  • Effective Date Comparison
  • Renewal Support

Rating Version Control

Track every product modification throughout its lifecycle.

Supports:

  • Draft Versions
  • Published Versions
  • Archived Versions
  • Version Comparison
  • Rollback

Visual Product Configuration

SelectRate Studio simplifies product development by organizing configuration into logical business components. Configure visually instead of editing large spreadsheets or maintaining disconnected documentation.

Configuration areas include:

  • Product Structure
  • Coverage Structure
  • Rating Variables
  • Lookup Tables
  • Formulas
  • Underwriting Logic
  • Eligibility Logic
  • Premium Calculation
  • Forms
  • Endorsements
  • State Rules
  • Carrier Rules

Integrated Testing

Every product can be tested before release using integrated testing capabilities.

Run:

  • Regression Tests
  • Product Validation
  • Premium Comparison
  • Formula Validation
  • Rule Validation
  • Batch Testing
  • Automated Test Suites

Testing is fully integrated into the product lifecycle, ensuring every commercial insurance product is validated before production deployment. Learn more about Rating Testing Software.

Release Management

SelectRate Studio packages approved changes into deployment releases.

Supports:

  • Draft Releases
  • Release Notes
  • Scheduled Publishing
  • Rollback
  • Deployment History
  • Audit History

Approved products move through governed release workflows before becoming available to production users. Learn more about Rating Release Management.

API Ready Product Configuration

Every configured product can immediately be exposed through secure APIs.

Applications include:

  • Agency Portals
  • Broker Portals
  • Underwriter Portals
  • Mobile Applications
  • Policy Administration Systems
  • Agency Management Systems
  • Third Party Platforms

Every approved product becomes immediately available through the SelectRate platform and connected enterprise applications. Do not emphasize APIs here. Studio owns product management. Insurance API Platform owns APIs. Learn more about Insurance Rating API.

Commercial Lines Supported

SelectRate Studio supports virtually every commercial insurance product. Products can be managed independently while sharing common rating components across multiple programs.

General Liability
Workers Compensation
Commercial Property
Commercial Auto
Inland Marine
Builders Risk
Cyber Liability
Professional Liability
Umbrella
Excess Liability
Directors and Officers
Employment Practices Liability

Related Resources

Frequently Asked Questions

SelectRate Studio is the commercial insurance product development environment within the SelectRate platform where insurance products are configured, tested, versioned, and deployed.

Product managers, underwriting teams, actuaries, business analysts, QA teams, compliance teams, and developers all collaborate using SelectRate Studio.

Yes. Most product configuration can be completed through configurable business tools without modifying application code.

Yes. Every product change is version controlled with complete audit history and rollback capability.

Yes. Organizations can manage multiple carriers, multiple programs, multiple states, and multiple commercial insurance products from a single environment.

A Rating Workbench is the operational interface where commercial insurance quotes are reviewed, analyzed, approved, and managed after premium calculations are completed.

Underwriters, rating analysts, product managers, compliance teams, QA teams, and insurance operations staff all use the Rating Workbench.

Yes. Authorized users can apply controlled premium overrides, carrier adjustments, Individual Risk Premium Modifications, Judgment Rates, and Consent to Rate decisions. Every override is fully audited.

Yes. Every quote includes complete rating worksheets, rating trace information, premium breakdowns, and underwriting decisions.

Yes. Organizations can configure multi-step approval workflows for underwriting, compliance, product management, and production release.
SelectRate is a separate product

Looking for the rating platform itself?

SelectsysTech connects distribution workflows to bureau, carrier-native and third-party rating. If you are configuring ISO programs and running a rating workbench, that is SelectRate, and it has its own site.

Go to SelectRate.ai

Build Commercial Insurance Products with Greater Speed and Control

Give your product organization one centralized workspace to configure, govern, test, approve, and deploy commercial insurance products with greater speed, consistency, and operational control.

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