NetRate Systems - M&A Summary and Business Overview

NetRate Systems, Inc. supplies commercial lines submission, underwriting, rating, policy issuance, and data reporting and analysis solutions to the property and casualty insurance marketplace, with a focus on managing general agents (MGAs), program administrators and insurance carriers. Its solutions are designed to streamline the process of selling insurance by eliminating manual references, reducing manual data entry, automating rating through the full policy life cycle, simplifying reporting requirements, and delivering business intelligence. NetRate Systems products include nationwide rating of ISO®-based General Liability, Property, Commercial Auto, BOP, Crime, and Inland Marine, as well as NCCI Workers Comp. NetRate also offers custom development of all lines of business. NetRate’s solutions are offered via cloud-based web portals, or via web services that power point-of-sale submission, rate, quote, and issue applications. Strong industry partnerships and integrations with third-party solution providers provide seamless workflows and processes for front and back office operations.