Akur8 vs SelectRate

Akur89.0Visit SSelectRate8.2Visit

Higher score Akur8 #1 in Insurance Rating Software 9.0/10 Pricing on request · 14-day trial ✓ 2 of 2 features Visit Akur8

vs

S SelectRate #2 in Insurance Rating Software 8.2/10 Pricing on request ✓ 2 of 2 features Visit SelectRate

• Akur8 fits best

  Insurers building and deploying actuarial pricing models

• SelectRate fits best

  Commercial insurers using ISO rating content

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Side by side

Feature	Akur8 9.0/10 Visit ↗	SSelectRate 8.2/10 Visit ↗
At a glance
Editor score	9.0	8.2
Ranking	#1 in Insurance Rating Software	#2 in Insurance Rating Software
Best for	Insurers building and deploying actuarial pricing models	Commercial insurers using ISO rating content
Pricing model	Paid	Paid
Starting price	Not published	Not published
Free plan	—	Not published
Free trial	—	—
Deployment	Cloud	Cloud
Platforms	Web	Web
Support	Live chat	Email
Compliance	SOC 2, ISO 27001	SOC 2
Integrations	2 integrations	2 integrations
Built for	Small business, Mid-market, Enterprise	Small business, Mid-market, Enterprise
Features Akur8 2/2 · SelectRate 2/2
Rate versioning	✓	✓
API access	✓	✓
Specs
Rating configuration	Hybrid	Visual
Quote channels	Multiple	Multiple
Supported product lines	Non-life: P&C, health, and pet insurance	General Liability, Property, Businessowners (BOP), Commercial Auto, Workers' Compensation, additional commercial and specialty lines
Deployment	Cloud	Cloud
Our review
Pros	Build GLM and GAM risk models and model demand and price sensitivity Configure rate plans with models, variables, and business rules Version, test, and deploy rates through a real-time API with audit records	Configure pricing factors, loss costs, minimum premiums, and program rules. Version rating changes by effective date and test them before production. Trace rating steps and use a sandboxed API for integration testing.
Cons	Pricing depends on modeled premium volume and requires contacting sales The free offer is a two-week pilot, not an ongoing free plan Its stated focus is non-life insurance: P&C, health, and pet	Pricing requires a sales inquiry rather than a published plan. Its focus is commercial insurance rating, not a general-purpose rating platform. Email is the listed support channel.
Our verdict	Akur8 is a cloud-based actuarial pricing platform for insurance teams that need to move from data preparation and risk modeling to production rating. Its stated non-life focus covers property and casualty, health, and pet insurance. The… Read the review →	SelectRate is a cloud-based ISO rating platform for MGAs, wholesalers, and carriers configuring commercial insurance programs. It combines ISO rating content with carrier pricing factors, loss costs, minimum premiums, eligibility rules,… Read the review →

Strengths and trade-offs

• Akur8 — where it wins

  • Build GLM and GAM risk models and model demand and price sensitivity
  • Configure rate plans with models, variables, and business rules
  • Version, test, and deploy rates through a real-time API with audit records

  Where it doesn't

  • Pricing depends on modeled premium volume and requires contacting sales
  • The free offer is a two-week pilot, not an ongoing free plan
  • Its stated focus is non-life insurance: P&C, health, and pet

• SelectRate — where it wins

  • Configure pricing factors, loss costs, minimum premiums, and program rules.
  • Version rating changes by effective date and test them before production.
  • Trace rating steps and use a sandboxed API for integration testing.

  Where it doesn't

  • Pricing requires a sales inquiry rather than a published plan.
  • Its focus is commercial insurance rating, not a general-purpose rating platform.
  • Email is the listed support channel.

• Akur89.0/10 · Pricing on request · 14-day trial

  Akur8 connects actuarial modeling with versioned, API-deployed insurance rates.

  Visit Akur8Full verdict →
• SSelectRate8.2/10 · Pricing on request

  A focused commercial rating platform with configurable rules, effective-dated changes, and an API sandbox.

  Visit SelectRateFull verdict →