ISO-based rater

An ISO-based rater is a rating engine that uses advisory loss costs, rules, and forms provided by the Insurance Services Office (ISO) to calculate premiums for personal and commercial lines of insurance. These raters help insurers and MGAs ensure compliance and consistency across jurisdictions. 

Yes. NetRate includes a robust ISO-based rating engine that supports state-specific rating for commercial auto, general liability, property, crime, and other lines. NetRate ensures that your organization stays up to date with ISO changes and regulatory requirements. 

Absolutely. NetRate is designed to seamlessly integrate with AIM and MGA Systems, giving MGAs the power to deliver accurate ISO-based ratings, support custom product development, and scale across multiple states. 

NetRate supports ISO-based rating for a wide range of commercial lines, including: 

• Commercial auto 
• General liability 
• Commercial property 
• Crime 
• Inland marine 
• Businessowners (BOP) 
• Workers' compensation  

NetRate receives regular updates to ISO rules, rates, and forms through an automated update process. This helps carriers and MGAs maintain compliance and reduce the manual burden of tracking regulatory changes. 

Yes. NetRate supports the full policy lifecycle, enabling MGAs to efficiently manage new business, audits, renewals, cancellations, reinstatements and out-of-sequence endorsements.  

Yes. While NetRate offers a fully compliant ISO-based rater, it also allows for customization of rating algorithms, rules, and forms to support proprietary products or carrier-specific deviations from ISO. 

Using an ISO-based rater helps insurers: 

• Speed up time to market for new states or products 
• Ensure regulatory compliance 
• Reduce manual rating errors 
• Improve operational efficiency 
• Scale easily across multiple jurisdictions 

Using an ISO-based rater helps insurers: 

• Speed up time to market for new states or products 
• Ensure regulatory compliance 
• Reduce manual rating errors 
• Improve operational efficiency 
• Scale easily across multiple jurisdictions