SelectRate review
A focused commercial rating platform with configurable rules, effective-dated changes, and an API sandbox.
Reviewed by iTechGuides Editors · Editorial team · Updated Nov 2026
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.
Questions about SelectRate
What does SelectRate run on? Web. It runs in the cloud.
What does SelectRate integrate with? 2 integrations: SelectConnect and RQB.
Who is SelectRate built for? Small businesses, mid-market companies and enterprises (our editorial estimate).
SelectRate pros and cons
- 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.
SelectRate fact sheet, pricing and score →
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