Expert Insured joins the Selectsys Family of Solutions for MGAs, MGUs, Wholesalers, and Carriers Read the Press Release

Overview

The Native Generic Rater equips Expert Insured’s insurance management system with a configurable, line-agnostic rating engine that centralizes pricing logic for quoting, adjustments, and bind decisions. It replaces brittle spreadsheets with governed, auditable rate plans that scale across programs.

MGAs, MGUs, wholesalers, and carriers gain faster launches, consistent underwriting, and control over pricing while still blending with external carrier flows through Integrated Rating and Carrier Integration.

Why it Matters

  • Speed to market for new products and filings with versioned rate plans and effective dating.
  • Elimination of spreadsheet raters to reduce operational risk and rekeying.
  • Consistent underwriting outcomes through embedded rule enforcement at quote time.
  • Clear audit trails for actuarial validation, compliance reviews, and partner reporting.

Who it is For

How it Works

  • Configurable rating plans with versioning and effective dating to manage filings and state changes.
  • Table, tier, and formula builder including surcharges, fees, minimum premiums, and rounding rules.
  • Underwriting and eligibility rule enforcement at rating time with configurable referrals using UW Rule Enforcement.
  • ISO-informed inputs and the option to apply base rates or deviations with ISO Rating Support and Overrides.
  • Spreadsheet migration accelerator to import and map legacy raters using Excel Rater Integration.
  • Blended workflows that call carrier APIs for rate, quote, bind alongside native pricing via Carrier API Integrations RQB.
  • Seamless quote to bind flows tied into submissions and endorsements through Creating and Requesting Quotes and Policy Management.
  • Lifecycle automation for new business, midterm changes, and renewals with New Business and Renewals.

Why Expert Insured is Best for Native Generic Rater

Expert Insured unifies rating, rules, quoting, and policy servicing in a single insurance management system, eliminating handoffs and data drift. The rater is built on a governed data model with full auditability, performance at scale, and strict version control so product, underwriting, and actuarial teams can collaborate confidently. It uniquely supports hybrid workflows that mix native pricing with carrier API results, accelerates migration from spreadsheets, and ties outcomes directly to downstream servicing in Policy Management. For organizations standardizing on an insurance management platform, this delivers control without sacrificing integration flexibility.

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Frequently Asked Questions

It is line-agnostic and commonly used for Commercial Specialty, Transportation, Workers Compensation, and Personal Lines. You can configure class plans, territories, and modifiers per program.

Yes. Use the spreadsheet import and mapping tools in Excel Rater Integration to bring in tables and formulas, then harden them with versioning, testing, and governance.

You can blend native pricing with carrier responses using Carrier API Integrations RQB. The system can compare, select, or combine outcomes, then proceed through quote to bind in Creating and Requesting Quotes.

Yes. You can embed rules and referrals so ineligible risks are stopped and edge cases route to an underwriter using UW Rule Enforcement.

Rate plans support versioning with effective and expiration dates. You can stage, test, and promote changes by jurisdiction or program while maintaining a full audit history.

Yes. The rater can reference ISO data where applicable and apply company-specific factors using ISO Rating Support and Overrides.

Quotes are created in context with submissions, then bound and serviced in Policy Management. Midterm changes and renewals are automated via New Business and Renewals.

Product, actuarial, or operations teams can configure rate plans within governed roles. Changes are tracked with approvals and audit logs to satisfy compliance and partner requirements.