Best Insurance Underwriting and Rating Software 2025

Insurance Underwriting and Rating Software balances conversion of prospects into customers, risk management and adherence to corporate and regulatory requirements.

Underwriting software typically contains capabilities for managing submission queues and tasks. It also usually includes a rating engine that can automatically calculate premiums by coverage and validates variance from standard rates.

This category of software also usually includes content management and collaboration capabilities.

Insurance Underwriting and Rating Software Features

Insurance Underwriting and Rating Software shares the following identifiable features:

• Rating engine to calculate premiums

• Automatic quote comparisons

• Compliance with regulatory requirements

• Data management and storage

• Risk assessments

• Lead management

• Reports for customer behavior and sales performance

• Billing and invoicing

• Payment processing

Insurance Underwriting and Rating Software Comparison

When comparing Insurance Underwriting and Rating Software, consider the following factors:

1. Software Features: Insurance Underwriting and Ratings Software can include policy and claims management features. Some products require integrations with existing Insurance Agency Management or Insurance Claims Management Software.

2. Cloud vs. On-Premise Deployment: Cloud-based software is scalable and accessible from different locations. On-premise software is more secure and requires larger upfront payments.

3. Automations: Choose Insurance Underwriting and Ratings Software that streamlines the quoting process.

Insurance Underwriting and Rating Software Price

Insurance Underwriting and Rating Software vendors charge a monthly or annual subscription fee per user. The software price can range from $10/user/month to over $100/user/month, depending on the feature set and integrations. Contact vendors to get a quote and schedule a demo of their products.