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Comparative rating is the process of calculating premiums across multiple carriers simultaneously using a single data entry workflow. For MGAs and wholesalers, comparative rating eliminates duplicate submissions, reduces underwriting friction, and accelerates quote turnaround time. When embedded inside a modern RQB platform, comparative rating becomes the foundation of scalable distribution.
Comparative rating allows an underwriter or agent to enter risk data once and generate premiums from multiple carrier programs at the same time. Instead of manually logging into separate carrier portals, the system pushes rating data through integrated engines and returns side by side premium results. This improves speed, transparency, and conversion rates.
A comparative rating workflow typically includes:
Advanced systems support:
Single carrier rating calculates premium for one program at a time.
Comparative rating evaluates multiple programs simultaneously, allowing:
For wholesalers managing multiple delegated programs, comparative rating directly increases submission throughput. Expert Insured - See how issued quotes flow directly into policy administration and servicing.
When comparative rating is embedded inside a Rate Quote Bind system, the workflow becomes unified:
No rekeying. No spreadsheet exports. No manual reconciliation. This enables straight through processing for eligible risks.
Comparative rating becomes a revenue acceleration engine. Integration with premium accounting frameworks and reconciliation between rating and accounting controls ensures that booked premium aligns with quoted premium.
AAIS rating must connect seamlessly to:
Enterprise MGAs require full visibility and governance controls within the rating engine.
Selectsys operates as a unified five module insurance infrastructure. Each component supports a different part of the policy lifecycle while remaining fully connected inside one operating system.
Each module can operate independently, but maximum efficiency is achieved when deployed together as a single lifecycle system.