Cyber Insurance Rating for MGAs, Wholesalers, and Carriers

A production ready comparative rating platform supporting fast cyber placement across multiple carriers

Cyber insurance placement requires fast underwriting, accurate data intake, and tight coordination between risk details, pricing, and policy terms. Many MGAs and wholesalers still rely on manual questionnaires, email exchanges, and disconnected carrier portals to place cyber risks.

Selectsys built a production-ready cyber insurance rating and comparative rating platform that enables MGAs and wholesalers to rate, quote, bind, issue, and manage cyber policies within a single unified system. The platform is live today and designed to support high velocity placement, program business, and delegated authority workflows.

What Is Cyber Insurance and Comparative Rating

Cyber insurance rating is the process of pricing coverage based on security controls, exposure data, industry risk, revenue, and carrier specific underwriting models.

Comparative rating allows MGAs, wholesalers, and carriers to compare cyber pricing, limits, and underwriting outcomes across multiple carriers within a single submission workflow.

Selectsys supports cyber insurance rating whether teams need a standalone rater, a comparative rating engine, or a full commercial lines rating platform.

Built on the Selectsys Commercial & Specialty Rating Platform

The Cyber Insurance Rating Platform operates within the broader Selectsys Commercial & Specialty Rating Platform. Cyber rating is managed alongside General Liability, Commercial Property, Excess, and other specialty lines in a single operational environment.

See how MGAs and wholesalers scale this line using unified rating, binding, issuance, and accounting workflows.

Learn more about the full platform here

How Cyber Insurance and Comparative Rating Works

Compare cyber pricing, limits, and underwriting outcomes across multiple carriers in a single submission

Direct Carrier API Rating

For carriers that support API based workflows, Selectsys enables real time cyber rating and quoting directly from the platform. Where supported, workflows extend from quote through bind and policy issuance.

New cyber carrier API integrations can typically be delivered in approximately six weeks, assuming carrier access and documentation are available.

Proprietary Cyber Programs

For delegated authority and program business, Selectsys supports proprietary cyber rating where rates and underwriting logic are owned by the MGA or carrier. This allows faster program launches and tighter control over underwriting models.

Carriers Supported for Cyber Insurance

The cyber insurance rating and comparative rating platform is integrated in production with multiple national and specialty carriers supporting cyber coverage.

Carriers currently integrated for Cyber Insurance include:

  • at-bay
  • ascent-logo
  • AXIS_logo
  • CFC-logo
  • Corvus_Logo
  • Cowbell
  • Elpha
  • Measured_Logo
  • TMHCC_logo
  • coalition
  • Chubb_Logo
  • crum-forster
  • Beazley
  • Travelers_Logo

Additional cyber carriers can be onboarded where MGA or wholesaler appointments exist. New carrier API integrations are typically delivered in approximately six weeks.

From Quote to Bind to Issue for Cyber Insurance

This line fails most often when rating is disconnected from execution.

For programs that require full lifecycle workflows, the platform supports:

  • Quote generation
  • Binding workflows
  • Policy issuance
  • Endorsements and limit changes
  • Cancellations and rewrites

This reduces turnaround time and removes manual handoffs from cyber placement.

Integrated Accounting for Cyber Programs

When combined with Selectsys accounting capabilities, MGAs and wholesalers can:

  • Collect cyber premiums at bind
  • Manage trust and premium accounting
  • Reconcile carrier payables
  • Track endorsements and adjustments
  • Maintain policy level financial accuracy

This ensures operational and financial alignment for cyber programs.

Built for Fast Moving Cyber Risk Placement

The Cyber Insurance Rating Platform is designed for organizations that:

  • Handle high velocity cyber submissions
  • Manage frequent underwriting updates
  • Operate program and delegated authority models
  • Work across multiple carriers
  • Need speed with underwriting discipline

The platform is already running inside organizations that operate this way every day.

Related Line Platforms

Cyber insurance is commonly placed alongside other commercial and specialty lines:

Related Insights

If cyber placement is slowing your team down or limiting program growth, we should talk. Selectsys can support your existing cyber carriers, onboard new ones quickly, and provide a production-ready cyber insurance rating and comparative rating platform that scales with your business.

Premium collection following rate quote bind is automated through CoverPay, enabling installment billing and endorsement recalculation without third party billing integrations.