OKEMOS, MI : NetRate Systems, Inc. (Okemos, MI) has completed membership requirements for partnering with the American Association of Insurance Services (AAIS) of Wheaton, IL. NetRate, a leading supplier of Commercial and Personal Lines Rating Systems, utilizes AAIS data in creating and maintaining rating systems for MGAs, carriers, and brokers.
According to David Jordan, NetRate President, “Membership with AAIS allows us to stay ahead of the curve in providing the most current information to our customers. Access to the ‘AAISdirect’ online information portal gives us up-to-the-minute notification of changes to AAIS rating information. We can quickly and easily pull information down and enter it into our rating products, sometimes having it available for use before customers are even aware that a rate revision is imminent.â€Jordan further states, “Membership in AAIS also is the correct thing to do purely from a business ethics point of view. AAIS provides an important service to our carrier and MGA customers in terms of distributing critical rating data; it’s important that companies which provide services like those NetRate provides, which utilize this critical data, acknowledge the source via membership participation. We look forward to serving our customers, present and future, who likewise are AAIS members.â€
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.
The American Association of Insurance Services (AAIS) is a national insurance advisory organization that develops policy forms and rating information used by more than 600 property/casualty insurers throughout the United States. AAIS, based in suburban Chicago, maintains 23 programs of personal, commercial, farm, and inland marine insurance. For more information, go to www.AAISonline.com