Insurance Underwriting and Rating Software

Insurance Underwriting and Rating Software Overview

Insurance Underwriting and Rating Software balances conversion of prospects into customers, risk management and adherence to corporate and regulatory requirements.

Underwriting software typically contains capabilities for managing submission queues and tasks. It also usually includes a rating engine that can automatically calculate premiums by coverage and validates variance from standard rates.

This category of software also usually includes content management and collaboration capabilities.

Best Insurance Underwriting and Rating Software include:

Applied Rater and Newgen Policy Issuance and Underwriting.

Insurance Underwriting and Rating Products

(1-25 of 30) Sorted by Most Reviews

The list of products below is based purely on reviews (sorted from most to least). There is no paid placement and analyst opinions do not influence their rankings. Here is our Promise to Buyers to ensure information on our site is reliable, useful, and worthy of your trust.

BindHQ

BindHQ’s agency operating system aims to enable technology-driven MGAs, MGUs & Wholesalers to bind more business and expand their revenue.BindHQ’s cloud-based platform reduces total cost of ownership with no hardware or servers to maintain, reduced upfront capital expenditures,…

Applied Rater

Applied Rater is a cloud-based applications supporting insurance quoting process automation, from Applied Systems headquartered in Illinois.

Oracle Insurance Insbridge Enterprise Rating

Oracle Insurance Insbridge Enterprise rating is an insurance ratings engine that reduces the time required to to make rating changes, allowing faster product time to market.

Logical Glue

Logical Glue in London offers their underwriting application grounded in machine learning to reduce the probability of default and focus on credit worthy borrowers.

Instec

Instec is an insurance underwriting automation platform. It streamlines the underwriting process and drives greater collaboration among underwriters, agents, and results in a more responsive customer experience.

OneShield Software

OneShield Software in Massachusetts offers a suite of applications supporting property and liability insurers for billing and claims, policy management and undewriting, and relationship management, presenting a modular or end-to-end solution for agency management.

Bridge Rating

Bridge Rating from Oceanwide allows users to quickly and cost-effectively create, update and modify your insurance rates, rate drivers, and rating rules.

Duck Creek Rating

Duck Creek rating enables rapid deployment of new products and increasing quote capabilities.

Eurobase Synergy2

UK company Eurobase International offers synergy, an insurance agency lifecycle management system with a set of business management and insurance specific features (e.g. claims, underwriting, etc.).

Bridge Underwriting

Oceanwide offers Bridge Underwriting, an application to assist with the generation of quotes with automation to support the administrative tasks of underwriters.

IFoundry Rating Engine

IFoundry from ValueMomentum is a rating engine that helps model and manage proprietary rate plans.

Insurity Decisions

Insurity offers a suite of applications, the Insurance Decision Suite , which features Insurance Enterprise View along with additional applications: Policy Decisions, Billing Decisions, Claims Decision, and Reinsurance.

Insurity Sure Suite

As personal and commercial lines become more complex, insurers need a fast, simple, and configurable platform that’s ready to scale with them. Sure Suite by Insurity aims to deliver true speed to market through a modern, intuitive, and cloud-native platform.

RatingEnterprise

RatingEnterprise from CodeObjects in California is a modeling engine for rating purposes.

Synodex APS.Extract

Innodata company Synodex offers APS.Extract, an insurance underwriting expense management application.

RiskSuite

Location, Inc headquartered in Worcester offers RiskSuite to insurers requiring advanced property and location data for rating and underwriting.

IVANS Rating Services

IVANS Rating Services is a cloud-based, end-to-end integrated data exchange solution that quickly and accurately exchanges quote information with your entire distribution channel.

IVANS Download

IVANS Download is cloud-based data exchange software that delivers the latest policy-related information to agency partners directly into their management systems, ensuring that current, accurate information is instantly available throughout underwriting and servicing.

AuditStream

AuditStream is an insurance underwriting support technology, developed by Overland Solutions, an EXL company. EXL acquired Overland Solutions in 2014.

Hublio

Hublio, from the company of the same name in Dublin, provides their eponymous digital insurance and finance assistant for policyholders, brokers/advisor and insurers. Hublio stores policies, financial information & subscriptions on one automated platform. The software finds out if…

Wolters Kluwer Assuropolis

Wolters Kluwer offers the Assuropolis suite of database and information tools for the insurance industry.

Convr d3 Underwriting

Headquartered in Schaumburg, Illinois, and founded in 2016, Convr (formerly DataCubes) is a provider of their eponymous underwriting decisioning platform for commercial P&C insurers.

MACAW Agency Management System

MACAW AMS Software is an insurance agency management software (AMS). MACAW AMS system is built on a cloud based customer centric model and includes features designed to make it easier for Brokers, Agency or MGAs to focus on generating sales and generate revenue. It enables users…

Corvus Insurance

Corvus Insurance provides AI-driven commercial insurance that empowers brokers and policyholders to predict and prevent risk. With each Smart Commercial Insurance policy, Corvus supplies proprietary Dynamic Loss Prevention reports to inform policyholders of critical risk areas and…

DigiSure

DigiSure is an insurance services platform provider.

Learn More About Insurance Underwriting and Rating Software

What is Insurance Underwriting and Rating Software?

Insurance Underwriting and Rating Software balances conversion of prospects into customers, risk management and adherence to corporate and regulatory requirements.

Underwriting software typically contains capabilities for managing submission queues and tasks. It also usually includes a rating engine that can automatically calculate premiums by coverage and validates variance from standard rates.

This category of software also usually includes content management and collaboration capabilities.

Insurance Underwriting and Rating Software Features

Insurance Underwriting and Rating Software shares the following identifiable features:

  • Rating engine to calculate premiums

  • Automatic quote comparisons

  • Compliance with regulatory requirements

  • Data management and storage

  • Risk assessments

  • Lead management

  • Reports for customer behavior and sales performance

  • Billing and invoicing

  • Payment processing

Insurance Underwriting and Rating Software Comparison

When comparing Insurance Underwriting and Rating Software, consider the following factors:

  1. Software Features: Insurance Underwriting and Ratings Software can include policy and claims management features. Some products require integrations with existing Insurance Agency Management or Insurance Claims Management Software.

  2. Cloud vs. On-Premise Deployment: Cloud-based software is scalable and accessible from different locations. On-premise software is more secure and requires larger upfront payments.

  3. Automations: Choose Insurance Underwriting and Ratings Software that streamlines the quoting process.

Insurance Underwriting and Rating Software Price

Insurance Underwriting and Rating Software vendors charge a monthly or annual subscription fee per user. The software price can range from $10/user/month to over $100/user/month, depending on the feature set and integrations. Contact vendors to get a quote and schedule a demo of their products.


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Frequently Asked Questions

What is Insurance Underwriting and Rating Software?

Insurance Underwriting and Rating Software is used to calculate premiums and provide quote comparisons. It also has lead management features to turn prospects into customers.

What are the benefits of using Insurance Underwriting and Rating Software?

Insurance Underwriting and Rating Software improves efficiency by generating quick, reliable quotes. It also helps insurance agents manage customer information.

What is the best Insurance Underwriting and Rating Software?

The Insurance Underwriting and Rating Software with the most reviews on TrustRadius is BindHQ, which is a Software as a Service (SaaS) platform. Applied Rater also received positive reviews from small businesses.



How much does Insurance Underwriting and Rating Software cost?

Insurance Underwriting and Rating Software vendors charge a monthly or annual subscription fee per user. The software price can range from $10/user/month to over $100/user/month, depending on the feature set and integrations.