SelectRate
SelectRate: A focused commercial rating platform with configurable rules, effective-dated changes, and an API sandbox. Ranked #2 of 15 in Insurance Rating Software by our editors (8.2/10); pricing: Pricing on request; best for commercial insurers using ISO rating content.
At a glance
- Editor score8.2 / 10
- PricingPricing on request
- Best forCommercial insurers using ISO rating content
- Rating configurationVisual
- Facts checked24 Sep 2026
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.
Our verdict on SelectRate
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, and program details such as states, classes, coverages, limits, and deductibles. Its product-line scope includes general liability, property, Businessowners (BOP), commercial auto, workers’ compensation, and additional commercial and specialty lines. That makes it a fit for teams whose rating work centers on commercial products and ISO content, rather than buyers seeking a broad platform outside that focus.
Configuration and change control are central to the product. Teams can associate forms and endorsements with program configurations, version rating changes by effective date, and test and validate changes before production. SelectRate also exposes rating steps, factors, adjustments, and calculated premiums, which can help teams inspect how a premium was produced. These capabilities suit insurers that need governed updates and traceability across commercial programs. Buyers should assess whether the configuration and rating content match their product workflow before choosing it; the listed capabilities are oriented around insurance rating rather than a wider policy administration toolset.
The web and API platforms support multiple quote channels, and the rating API includes a sandbox for integration testing in portals, underwriting systems, quoting workflows, and other insurance applications. SelectConnect and RQB are named integrations. The product is cloud deployed and lists SOC 2 compliance and email support. According to the vendor's pricing information, SelectRate uses a contact-sales model rather than published plan pricing, so buyers should expect to discuss costs with Selectsys. Choose it if effective-dated commercial rating, validation, and API integration are priorities; consider alternatives if a published self-service price or support channel beyond email is essential.
SelectRate pricing
SelectRate fact sheet
| Free plan | Not verified |
|---|---|
| Paid from | Not verified |
| Rating configuration | Visual |
| Quote channels | Multiple |
| Rate versioning | Yes |
| Supported product lines | General Liability, Property, Businessowners (BOP), Commercial Auto, Workers' Compensation, additional commercial and specialty lines |
| API access | Yes |
| Deployment | Cloud |
| Deployment | Cloud |
| Platforms | Web |
| Compliance & security | SOC 2 |
| Support | |
| Built for | Small business, Mid-market, Enterprise (editorial estimate) |
| Integrations | 2 integrations: SelectConnect, RQB |
| Pricing | Pricing on request |
| Website | selectsys.com |
| Facts checked | 24 Sep 2026 |
SelectRate integrations
SelectRate lists 2 integrations on its own site.
- SelectConnect
- RQB
Alternatives to SelectRate
- Akur8Akur8 connects actuarial modeling with versioned, API-deployed insurance rates.9.0
- Insurity RatingA cloud rating engine for carriers managing commercial lines, bureau content and policy-system connections.7.7
- Regure RatingA configurable rating engine for insurance teams that need traceable rate changes.7.4
See all SelectRate alternatives →
SelectRate vs the competition
- SelectRate vs Akur8
- SelectRate vs Insurity Rating
- SelectRate vs Regure Rating
- SelectRate vs Guidewire Rating
- SelectRate vs Earnix
- SelectRate vs pasRater.Net
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Reviewed by iTechGuides Editors · Editorial team · Updated Sep 2026
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