NetRate Systems Expands Sales Team with 20-Year Rating Expert

Former Rackley Sales Executive Mark Stroop Joins Leading Commercial Lines Rating Firm for MGAs, Program Administrators and Insurers

Okemos, MI, October 21, 2014 : NetRate Systems, Inc. is pleased to announce the expansion of their sales team with the addition of Mark Stroop as Sales Executive. His responsibilities will include facilitating the expansion of NetRate’s footprint in serving the MGA, Program Management, and Carrier space with its sophisticated, intuitive and customizable commercial lines rating and policy issuance solutions. Mark brings 20 years of rating experience to NetRate Systems as a former sales executive for Rackley Systems.

“We are tremendously excited to welcome Mark to the NetRate team”, said Tom Rahl, Vice President of Sales. “Mark’s depth of experience in our space, along with his familiarity with our core rate/quote/issue product areas, will enable him to immediately start working effectively with our MGA/Program Administrator/Carrier prospect universe.  Mark has knowledge and experience to leverage NetRate solutions to help their underwriting, sales & marketing, and IT teams maximize profitability in their organizations. As we continue to enhance and evolve our product set to include cloud-based web services and functionally rich end-to-end systems, he will be an important part of our sales and marketing effort.”

Mark is equally enthused about becoming a part of the NetRate family, commenting: “NetRate is a clear leader in providing commercial lines rating solutions to the insurance industry.  The extensive domain expertise, innovative product roadmap and high regard for exceptional customer service all point to a bright future. I am very excited to join the team.”

NetRate Systems in the next several months will be releasing several new products and the expansion of its sales team is poised to continue to deliver the level of service and quality its customers value.

About NetRate Systems, Inc.

NetRate Systems, Inc. supplies Commercial Lines Rating and Policy Issuance Systems to the Property and Casualty insurance marketplace, primarily to MGAs, Program Administrators, and Carriers. Its systems are designed to eliminate manual references, reduce data entry key strokes, and automate rating through the full policy life cycle. NetRate Systems products include nationwide rating of ISO® General Liability, Property, Business Auto, Crime, and Inland Marine, as well as NCCI Workers Comp.  NetRate also offers custom development of all lines of business. NetRate rating and policy issuance solutions include cloud-based web services that power its desktop windows and web-based point-of-sale submission, rate, quote, issue applications. NetRate Systems also provides integration of third-party data sources and services to speed up the quoting and subsequent reporting processes. The firm also has strong partnerships and integrations with third-party policy administration systems.

For more information, please visit www.netrate.com.For more information regarding this news release, please contact:

Tom Rahl
NetRate Systems, Inc.
(517) 347-4900 x113
Email: trahl@netrate.com