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Inland Marine Rating Platform for MGAs and Wholesalers

Inland Marine insurance covers a wide range of movable property and specialized risks, from contractors equipment to installation floaters and transportation exposures. Rating varies significantly by class, values, location, and usage, making Inland Marine one of the most operationally complex lines for MGAs and wholesalers.

Selectsys built a production-ready Inland Marine rating platform that allows MGAs and wholesalers to rate, quote, bind, issue, and manage Inland Marine policies within a single unified system. The platform is live today and supports multiple carriers, multiple coverage types, and full policy lifecycle workflows.

Built on the Selectsys Commercial & Specialty Rating Platform

The Inland Marine Rating Platform operates within the broader Selectsys Commercial & Specialty Rating Platform. This allows Inland Marine to be managed alongside Builders Risk, Commercial Property, General Liability, 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 Inland Marine Rating Works

Direct Carrier API Rating

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

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

ISO Based Inland Marine Rating

For Inland Marine programs that rely on ISO based rates, the platform supports standardized rating workflows while keeping submissions, underwriting, and placement centralized within a single system.

Proprietary Inland Marine Programs

For delegated authority and specialty program business, Selectsys supports proprietary Inland Marine rating where rates and underwriting logic are owned by the MGA or carrier. This enables faster program launches and greater flexibility in structuring Inland Marine offerings.

Carriers Supported for Inland Marine

The Inland Marine Rating Platform is integrated in production with multiple national and specialty carriers supporting Inland Marine coverage.

Carriers currently integrated for Inland Marine include:

  • BRIT
  • lloyds

Additional Inland Marine 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 Inland Marine

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 value changes
  • Schedule updates
  • Cancellations and rewrites

This reduces manual handling and shortens turnaround time for Inland Marine placement.

Integrated Accounting for Inland Marine Programs

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

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

This ensures clean financial operations for Inland Marine programs.

Built for Equipment and Property in Transit Risks

The Inland Marine Rating Platform is designed for organizations that:

  • Place contractors equipment and installation floaters
  • Manage scheduled and unscheduled property
  • Operate across multiple states
  • Handle complex asset schedules
  • Run delegated authority and program business

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

Related Line Platforms

Inland Marine is commonly paired with construction and property related lines:

Related Insights

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