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Massachusetts
Commercial Auto Rating System
Okemos,
MI - NetRate Systems, a leading provider
of commercial lines rating software for the insurance
industry, announces the immediate availability of
Massachusetts Commercial Automobile Rating. The Mass
Auto Rating System includes Business Auto, Garage,
and Truckers, all based on using Automobile Insurers
Bureau (AIB) loss costs, rules and rates.
Mass
Auto rating is now available to all Carriers, MGAs
and Program Managers and includes modules for accumulation
of statistical information. The statistical coding
includes all Massachusetts-specific detailed data
in a format supporting the Commonwealth Automobile
Reinsurers (CAR) requirements. NetRate’s Mass
Auto Rating System includes complete maintenance and
updates for all AIB revisions in Massachusetts.
The
Mass Auto Rating System adds another comprehensive
product to the already impressive NetRate portfolio
of ISO and Company Specific Rating Products and Services.
NetRate products now include nationwide ISO Commercial
Lines for Auto, Property, General Liability, Crime,
and Inland Marine, and NCCI/Monopolistic Workers Compensation.
About NetRate Systems,
Inc.
NetRate
Systems, Inc. supplies Commercial and Personal Lines
Rating Systems to the Property and Casualty insurance
marketplace. With sophisticated yet intuitive systems
designed to eliminate manual references and to fully
automate the full policy life cycle, NetRate products
include nationwide rating of ISO General Liability,
Property, Business Auto, Crime, Inland Marine, Farm,
NCCI Workers Comp, and Personal Lines. NetRate also
offers custom programming of all lines of business.
NetRate Rating Systems include both desktop and web-based
point-of-sale submission/rate/quote versions. NetRate
also provides ‘hands-free’ integration
of rating data to 3rd party vendor systems to facilitate
policy issuance and administration.
For
more information regarding this news release, please
contact:
Tom Rahl
(517) 347-4900 x113
E-mail: trahl@netrate.com
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