22+ Underwriting & Rating Software

1. Applied Epic

applied epic

Details

Rating: 5/5

Price: $1000/year

Download

2. Oracle Insurance Insbridge Enterprise Rating

oracle insurance insbridge enterprise rating

Details

Rating: 4.3/5

Price: Custom

Download

3. PL Rating

pl rating

Details

Rating: 5/5

Price: Custom

Download

4. QuoteRush

quoterush

Details

Rating: 4.5/5

Price: $65/month

Download

5. Applied Rater

applied rater

Details

Rating: 4/5

Price: Custom

Download

6. BriteCore

britecore

Details

Rating: 5/5

Price: Custom

Download

7. Guidewire PolicyCenter

guidewire policycenter

Details

Rating: 4.7/5

Price: Custom

Download

8. TurboRater

turborater

Details

Rating: 4.3/5

Price: Custom

Download

9. QQWebRater

qqwebrater

Details

Rating: 5/5

Price: Custom

Download

10. ACS 2000

acs 2000

Details

Rating: 5/5

Price: Custom

Download

11. AIM

aim

Details

Rating: 5/5

Price: Custom

Download

12. AQS Quoting Software

aqs quoting software

Details

Rating: 5/5

Price: Custom

Download

13. Compulife Quote

compulife quote

Details

Rating: 5/5

Price: FREE

Download

14. EZ-RATER

ez rater

Details

Rating: 5/5

Price: Custom

Download

15. E!Z Work Comp Rater

ez work comp rater

Details

Rating: 5/5

Price: Custom

Download

16. IFoundry Rating Engine

ifoundry rating engine

Details

Rating: 4.5/5

Price: Custom

Download

17. InsurQuote

insurquote

Details

Rating: 4.8/5

Price: Custom

Download

18. LexisNexis Current Carrier

lexisnexis current carrier

Details

Rating: 4.5/5

Price: Current

Download

19. LifePipe

lifepipe

Details

Rating: 5/5

Price: Custom

Download

20. OpenUnderwriter

openunderwriter

Details

Rating: 3.5/5

Price: Custom

Download

21. QuoteBreeze

quotebreeze

Details

Rating: 4.7/5

Price: Custom

Download

22. Ratabase

ratabase

Details

Rating: 4/5

Price: Custom

Download

23. SmartRater

smartrater

Details

Rating: 5/5

Price: Custom

Download

What Is Underwriting & Rating Software?

Underwriting & rating software is an insurance software where insurance agents manage the underwriting process in insurance claims and pricing. The underwriting rating software allows insurance agents to create rules and policies that are to be enabled automatically once they are written with the software’s automation capabilities.

Benefits

Underwriting & rating software helps insurance companies to effectively manage and keep track of their underwriting process during insurance opening hours. As the bass underwriters rating software is hugely automated, it helps ease the burden and time for employees when creating rules and policies in insurance management. Through the automation capabilities of the underwriting and pricing of insurance software, the insurance underwriting software can establish the quote pricing for insurance services as it can calculate insurance premiums which can vary according to the policies that are created through the mortgage underwriting software.

Features

Underwriting & rating software should provide tools that allow insurance agents to calculate insurance premiums effectively. The loan underwriting software should also provide policy management software tools that allow them to underwrite policies and rules about insurance policies. The automated underwriting software should also be able to allow agents to manage their underwriting tasks effectively. The commercial underwriting software should be able to allow insurance agents to create auditable underwriting documents. The underwriting platform should also enable the insurance agents to rate document trails related to insurance premiums and other insurance-related documents.

  • Calculate insurance premiums
  • Write rules and policies through policy management tools
  • Manage underwriting tasks
  • Create auditable underwriting documents
  • Rate insurance document trails

Top 10 Underwriting & Rating Software

1. IFoundry Rating Engine

IFoundry Rating Engine’s bureau rating and analytics software allow insurance companis to model their rate plans simply. IFoundry Rating Engine is owned and developed by Value Monetum, which the parent company has 1,845 employees and earns annual revenue of $267.5 million.

2. Oracle Insurance Insbridge Enterprise Rating

Oracle Insurance Insbridge Enterprise Rating enables insurance agents to improve their marketing strategies in insurance. Oracle has 132,000 employees and earned a revenue of $40 billion in 2021.

3. InsurQuote

InsurQuote helps insurance agents to quote their prices effectively using data activity tracking capabilities. InsurQuote is owned and developed by LexisNexis, which the parent company has 11,449 employees and earns annual revenue of $1 billion.

4. PL Rating

PL Rating provides real-time rating and underwriting software that allows them to beat their competitors with ease. PL Rating is owned and developed by Vertaforce, which the parent company has 2,055 employees and earns annual revenue of $298 million.

5. LifePipe

LifePipe enables insurance agents to quote pricing for insurance plans quickly with high accuracy. LifePipe is owned and developed by iPipeline, which the parent company has 641 employees and earns annual revenue of $92.9 million.

6. QQWebRater

QQWebRater enables insurance companies to automatically quote their pricing with ease. QQWebRater is owned and developed by QQ Solutions, which the parent company has 55 employees and earns annual revenue of $8 million.

7. AQS Quoting Software

AQS Quoting Software’s quoting software enables insurance companis to extensively quote pricing for insurance plans with ease and high accuracy. AQS has around 25 employees and earns a revenue of around $5 million.

8. Compulife Quote

Compulife Quote’s life insurance quote software is proven reliable by insurance agencies thanks to its accurate insurance pricing system. Compulife has around 25 employees and earns annual revenue of $5 million.

9. Ratabase

Ratabase’s rating and underwriting software allow insurance companies to configure and quote price rates for insurance plans easily. Ratabase is owned and developed by CGI, which the parent company has 64 employees and earns annual revenue of $6.4 million.

10. QuoteRush

QuoteRush allows insurance agents to quote their insurance pricing at an affordable price. QuoteRush has 8 employees and earns annual revenue of $1.2 million.

FAQs

What other software integrates well with underwriting and rating software?

Underwriting and rating software usually integrates well with insurance agency management software as it can help insurance companies simplify their insurance-related operations as well as manage other aspects of managing the insurance operations.

How much does underwriting & rating software cost?

Pricing for underwriting & rating software is usually customized, with each software offering different subscription tiers that offer more features as the prices increase. Pricing for underwriting & rating software varies depending on the features available and the intended target insurance companies. Small insurance companies may benefit from low-cost underwriting & rating software while large companies may benefit from high-cost software.

Related Posts