Companies will be able to increase written premium from existing agents by developing and deploying an effective Rating and Application Processing Service solution for their independent agents. Companies can also expect to get complementary benefits from increased initial underwriting accuracy (resulting in fewer up rates and cancellations), reduced internal workload, higher policyholder retention, fewer lapses, reduced cost from printing and mailing, improved rate adequacy, lower 800 telephone costs, reduced costs for processing payments, and improved cash flow.

All of these will have the effect of lowering both company and agency costs and lowering prices to policyholders while increasing company and agency profits.

NetRate Systems was founded to help insurance companies capitalize on the growing market need for increased premium accuracy and the demand for real-time rating, quoting, and application processing services. NetRate, with over 100 years of combined company expertise in the development of Property & Casualty Rating and Applications software, has company specific rating products for both personal and commercial lines using today's latest technology.

By focusing only on Property & Casualty Rating and Applications products, NetRate offers one of the most comprehensive and dynamic applications available today. All products are modular in design and can function as stand-alone rating engines with multiple user interfaces, such as Web browsers and Microsoft Windows. Additionally, all products provide integration with third party databases and policy issuance and/or accounting systems.

NetRate's extensive rating and technical expertise was derived from owning and operating Continental Systems for over 20 years and building it into a leading provider of Property & Casualty Rating Systems. By 1996, Continental was considered one of, if not the largest, supplier of Property & Casualty Rating software products to Independent Insurance Agents in the United States. Rating products included company specific and comparative rating systems for personal and commercial lines insurance. Continental's software products were used by over 12,000 agencies and more than 20 Insurance Companies; The Travelers, Ohio Casualty, Hartford, and Trinity Universal, and others. Continental also developed and maintained over 6,000 comparative rating programs in 48 states.