NetRate Systems supplies commercial and personal lines rating systems to the property and casualty insurance marketplace, primarily to MGAs and small to medium carriers. Their systems are quite sophisticated, yet intuitive, and are designed to eliminate manual references as well as automate ratings within the full policy life cycle. One of the wonderful things about NetRate is that they also offer custom programming of all lines of business, so they can accommodate a broad range of carriers.
NetRate rating systems include desktop implementation and web-based point-of-sale for submissions, rates, and quotes. They also provide integration of rating data to third party vendor systems to facilitate policy issuance and administration. One of the attractive qualities about these systems is that their products offer the agility and customization critical in the program business space.
For example, as you go about tailoring your programs with tailored coverage’s to fit the niches you serve, you’ll find that having this customization will make you more attractive in a very competitive marketplace. In addition, Netrate can customize their rating solutions according to your particular needs and desires. Having custom development at your fingertips is essential and vital in this marketplace.
The advantages of having a user-friendly service
NetRate is considered by many to be one of the best rating systems in use. If you’ve worked with other company rating systems you may have not always had the desired results. Netrate Systems provides you with a very flexible rating system that’s extremely user-friendly, very logical in its processes, and has the capability to help your business grow. It’s important to not only understand insurance terminology, but also understand the flow of business for the companies being provided the software.
One of the advantages of this system is that it has the capability to key in data for online quotes that are quickly and easily displayed to the agent, and once accepted, it can be easily integrated with your policy administration system. The rating engines also feature the ability to rate coverage alternatives, and the system will generate complex, yet easy-to-understand worksheets and XML output documents for data transmission. Netrate Systems can also provide optional features on an ongoing basis based on user enhancement requests.