Insurance Rating Systems for MGAs, Program Administrators & Insurers
Insurance rating systems for independent insurance agents have come a along way since the days of having to use different carrier rating systems that were not integrated with agency management systems. Today there are third-party insurance rating systems fully integrated with a management system that allows for customization by the agency. insurance rating systems are vital for streamlining their operations, saving both in human and financial resources, and allowing an agency to focus more time on sales and customer relationship building.
But a insurance rating systems designed for agencies does not work effectively for an MGA, program administrator or insurance company that is providing solutions for niche markets. You want a commercial lines rating system that is geared to your product solutions and one that is integrated with an MGA administration and policy issuance system, saving you time and money and eliminating duplication of work.
What’s more, you not only need a solution that provides for ISO-based commercial lines rating but one that allows for configuration of carriers’ rating factors and deviations. By having this as part of your rating solution, your underwriting teams will enjoy enhanced efficiency, while carrier partners will benefit from better information.
As a wholesaler, customization is also important so that your brand’s face is presented. This way when an agency goes on to your site, they experience the look and feel of your company. With a insurance rating system that’s designed for the MGA and wholesale market that offers features for customization, you can easily change the “skinâ€ of the rating solution to complement your brand.
These are just some of the features and benefits MGAs, carriers, and Program Administrations look for in their insurance rating system package.
NetRate provides a full-function insurance rating systems with the power of a high-performance, flexible, easy-to-use software product specifically designed for the MGA, Program Administrator, or Insurance Carrier.