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Residential Flood Rating Platform for MGAs and Wholesalers

Residential flood insurance requires accurate property data, zone determination, elevation inputs, and precise underwriting rules. Flood placement is often time sensitive and highly regulated, yet many MGAs and wholesalers still rely on fragmented systems and manual workflows to quote and issue flood coverage efficiently.

Selectsys built a production-ready Residential Flood rating platform that enables MGAs and wholesalers to rate, quote, bind, issue, and manage residential flood policies within a single unified system. The platform is live today and designed for program business, delegated authority, and wholesale distribution models.

Built on the Selectsys Commercial & Specialty Rating Platform

The Residential Flood Rating Platform operates within the broader Selectsys Commercial & Specialty Rating Platform. This allows flood to be managed alongside Homeowners, Commercial Property, 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 Residential Flood Rating Works

Direct Carrier API Rating

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

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

Proprietary Residential Flood Programs

For delegated authority and program business, Selectsys supports proprietary residential flood rating where rates and underwriting logic are owned by the MGA or carrier. This enables faster program launches and greater control over underwriting models without custom platform development.

Carriers Supported for Residential Flood

The Residential Flood Rating Platform is integrated in production with multiple national and specialty carriers supporting residential flood coverage.

Carriers currently integrated for Residential Flood include:

  • Canopius
  • hiscox

Additional residential flood 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 Residential Flood

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
  • Renewals and rewrites
  • Cancellations and non renewals

This reduces manual handling and improves turnaround time for residential flood placement.

Integrated Accounting for Residential Flood Programs

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

  • Collect flood 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 integrity for residential flood programs.

Built for Flood Programs and High Volume Placement

The Residential Flood Rating Platform is designed for organizations that:

  • Place high volumes of residential flood policies
  • Operate flood programs and delegated authority models
  • Handle regulated underwriting requirements
  • Operate across multiple states and flood zones
  • Need speed with accuracy and compliance

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

Related Line Platforms

Residential flood is commonly paired with property related lines:

Related Insights

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