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Top Insurance Underwriting & Rating Software and Tools
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Top Insurance Underwriting & Rating Software and Tools

January 2025

Underwriting software, and rating software for that matter, is designed to improve the work of insurance companies. Thanks to underwriting tools, employees don’t have to do mundane tasks and can focus on what’s really important – serving customers. Here’s the list of insurance underwriting software. If you want to create a similar application, take a look at how others do it.

What exactly is insurance underwriting software?

An insurance underwriting software, sometimes also called a life insurance underwriting software or simply rating software, enables users to write rules and policies. These are automatically used in the underwriting process. Then, applications perform actions to cooperate with clients on contracts and claims.

What insurance underwriting software can do:

  • execute previously written insurance policies
  • perform pricing and rate analyses
  • calculate standard and premium quotes across various channels
  • vary rates according to policy and risk information
  • create auditable underwriting and rating paper trails

Another important aspect of insurance rating software

The main, and often the untold purpose of underwriting tools, is something else. Life insurance underwriting software is responsible for maintaining the conversion of prospects into customers. There are two main factors that contribute to that: corporate and regulatory requirements. Both get a say about insurance policies and both can tip the scales for the potential customers that want to submit a claim.

Being, at the same time, software for managing submissions of tasks and claims, and a rating engine require serious a skill in insurance software development. A rating engine on its own calculates premiums by coverage and validates variants from standard rates. You want to make sure the development of that kind of product is held to the highest standards.

Benefits of an underwriting software

These are very measurable:

  • attracting new customers with a quick application process
  • development of innovative insurance policies
  • boost productivity for underwriters through overall automation

If you want to compete in this market category, consider browsing our list of already existing products. Then, figure out what you want to change and find the right software development partner for your vision.

1

AIM

250+ Employees
Denver, United States
Est. 1969
AIM centralizes your underwriting, accounting, and claims operations in order to be a more efficient and profitable insurance business. Designed to manage the full policy lifecycle, AIM helps increase your speed to market, while ensuring accuracy throughout the entire process.
Specialities
  • InsurTech
  • Agency Consolidation
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2

Allfinanz

250+ Employees
Munich, Germany
Automates the underwriting process for life insurance, handles compliance, data-capture, documentation and workflow.
Specialities
  • Insurance-related Risk Solutions
  • Digital Transformation
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3

Applied Epic

250+ Employees
University Park, United States
Est. 1983
Applied Epic is the industrys most technologically advanced, flexible and secure cloud-based agency management system, providing powerful automation capabilities and a greater level of visibility across an entire book of business. The system offers a single, open application with integrated capabilities to efficiently manage customer relationships, policy and benefits administration, sales automation, and financial accounting processes.
Specialities
  • Software Development
  • Agency Management Software
  • Brokerage Management Software
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4

Applied Rater

250+ Employees
University Park, United States
Est. 1983
Applied Rater is an insurance quoting solution for independent agencies.
Specialities
  • Software Development
  • Agency Management Software
  • Brokerage Management Software
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5

AURA

250+ Employees
Chesterfield, United States
Est. 1973
AURA (Automated Underwriting and Risk Analysis) is an e-underwriting platform and rules engine powered by RGA’s underwriting and analytics expertise.
Specialities
  • Financial Solutions
  • Capital Management
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6

CastleLine

250+ Employees
Luxembourg, Luxembourg
Est. 2009
Protects you from certain losses arising from loan manufacturing defects, underwriting errors, misrepresentations, and borrower, seller and employee fraud.
Specialities
  • Origination Solutions
  • Real Estate Investor Solutions
  • Consumer Real Estate Solutions
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7

Cirrus

250+ Employees
Naperville, United States
Est. 1982
Cirrus delivers configurable, cloud-based rating that’s ready to generate quotes on Day 1.
Specialities
  • Information Technology
  • Insurance
  • Software
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8

Duck Creek Rating

250+ Employees
Boston, United States
Est. 2000
Duck Creek Rating can help eliminate these adverse outcomes.
Specialities
  • Distribution Management
  • Reinsurance Management
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9

Earnix

250+ Employees
Givatayim, Israel
Est. 2001
Earnix is a leading provider of mission-critical systems for global insurers and banks. Through Earnix, customers are able to provide prices and personalized products that are smarter, faster, and safer in full alignment with corporate business goals and objectives. Earnix’s customers deliver over 1 billion quotes per year through Earnix’s solutions, offering systemized, enterprise-wide value with ultra-fast ROI. Earnix has been innovating for Insurers and Banks since 2001 with offices in the Americas, Europe, Asia Pacific, and Israel.
Specialities
  • Predictive Analytics
  • Risk Analysis and Modeling
  • Financial Service Product Design
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10

Ebix Evolution

250+ Employees
Johns Creek, United States
Est. 1976
Ebix Evolution is the next generation of software solutions for insurance brokers and underwriting agencies, combining state of the art software environment with a feature rich processing environment.
Specialities
  • Insurance Carrier Systems
  • Insurance Certificate Management
  • Risk Management
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11

Guidewire PolicyCenter

250+ Employees
San Mateo, United States
Est. 2001
Guidewire PolicyCenter was designed to empower property and casualty insurers to meet the needs of a rapidly changing industry with efficient underwriting and agile policy and product management.
Specialities
  • Data Management
  • Predictive Analytics
  • Risk Analysis
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12

Guidewire Underwriting Management

250+ Employees
San Mateo, United States
Est. 2001
An underwriting workstation that consolidates all the tools, risk information, third-party data, and reports that underwriters and producers need to collaborate productively on risk assessment decisions
Specialities
  • Cloud Service
  • Core Analytics
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13

iFoundry Rating Engine

250+ Employees
Piscataway, United States
Est. 2000
iFoundryTMRating Engine is a modern rating engine that helps with modeling and managing proprietary rate plans and ISO rates.
Specialities
  • Software and Services to Insurance
  • Healthcare and Financial Services
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14

InsurQuote

250+ Employees
Alpharetta, United States
Est. 2005
Data and insight-based insurance rate analytics drive smarter business decisions
Specialities
  • Fraud Detection
  • Identity Management Solutions
  • Insurance Risk Management
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15

Intellect Xponent

250+ Employees
Piscataway, United States
Est. 2014
Intellect Xponent is an AI and Analytics based underwriting workstation developed to transform the way commercial lines are underwritten.
Specialities
  • Artificial Intelligence
  • Intelligent Solutions
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16

IVANS Rating Services

250+ Employees
Tampa, United States
Est. 1983
IVANS Rating Services is a cloud-based, end-to-end integrated data exchange solution that quickly and accurately exchanges quote information with your entire distribution channel.
Specialities
  • Network and Data Solutions
  • Cloud-based Software
  • Commercial Insurance Software
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17

LexisNexis Current Carrier

250+ Employees
Alpharetta, United States
Est. 2005
Automate the coverage verification process.
Specialities
  • Fraud Detection
  • Identity Management Solutions
  • Insurance Risk Management
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18

LexisNexis Data Prefill

250+ Employees
Alpharetta, United States
Est. 2005
Faster, more accurate quotes drive profitability.
Specialities
  • Fraud Detection
  • Identity Management Solutions
  • Insurance Risk Management
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19

LexisNexis Electronic Inspection Reports

250+ Employees
Alpharetta, United States
Est. 2005
Instantly Access Public Records Information to Evaluate Life Insurance Risks.
Specialities
  • Fraud Detection
  • Identity Management Solutions
  • Insurance Risk Management
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20

LifePipe

250+ Employees
Exton, United States
Est. 1995
LifePipe gives you and your producers all the rates, information and forms you need to market, sell and transact Life Insurance.
Specialities
  • Cloud-based Software Solutions
  • Financial Services Industry
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21

Logical Glue

250+ Employees
Geneva, Switzerland
Est. 1993
Logical Glue is a user-friendly software platform for building and deploying predictive models. It lets businesses use data to automate decision making and increase profitability.
Specialities
  • Digital Banking
  • Financial Technology
  • Core Banking
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22

OneShield Rating

250+ Employees
Marlborough, United States
Est. 1999
Your ability to accurately and consistently create, update, test and deploy rating and underwriting rules is a major driver of your business success.
Specialities
  • Business Intelligence
  • Smart Analytics
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23

OpenUnderwriter

250+ Employees
Stamford, United States
Est. 1979
An innovative suite of open source insurance software that enables brokers and insurers to implement world class solutions.
Specialities
  • Insurance Software
  • Data-driven Research
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24

Oracle Insurance Insbridge Enterprise Rating

250+ Employees
Austin, United States
Est. 1977
Provides an adaptive solution for product management, premium calculation, and underwriting rules management, enabling insurers to respond quickly to market changes and manage the policy lifecycle.
Specialities
  • Business Intelligence
  • Database
  • Server and Storage Systems
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25

Origami Risk Insurance and Risk Management Solutions

250+ Employees
Chicago, United States
Est. 2009
Origami Risk is a highly configurable, integrated SaaS platform for insurance, risk, safety, and compliance management. Origami Risk provides organizations with a centralized system to automate critical workflows, collect data, leverage analytics, and engage with stakeholders. Origami’s P&C Insurance solution includes policy administration, rating, and billing; claims administration; loss control; analytics, dashboards, and reporting. Origami’s Risk Management solution unifies insurable and non-insurable risk data and automates risk, audit, compliance, health & safety processes, helping you achieve control, visibility, improved efficiency, and the power to proactively manage your complete risk environment. The most experienced service team in the industry ensures that client success is our central focus.
Specialities
  • Risk Management
  • Incident Collection and Tracking
  • Policy Management
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26

Pega Insurance Underwriting

250+ Employees
Cambridge, United States
Est. 1983
Pega insurance software solutions enable insurers to quickly and easily deploy intelligent automated processes that drive efficiency, consistency, and compliance across the enterprise.
Specialities
  • Intelligent Automation
  • Low-code Platform
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27

PL Rating

250+ Employees
Denver, United States
Est. 1969
For more than 50 years, Vertafore has been modernizing and simplifying insurance distribution so that our customers can focus on what matters most: people. Vertafore serves more insurance industry customers than anyone else with more than 20,000 agencies, 1,000 carriers and 23 state governments relying on Vertafore solutions. Vertafore provides end-to-end connectivity, improve the client and agent experience, unlock the power of data, and streamline essential workflows to drive efficiency, productivity, and profitability for independent agencies and carriers. PL Rating is the independent agency channel’s leading comparative rating solution that enables agencies to offer multiple competitive quotes in less time than it takes to get one from an individual carrier website. With standardized workflows, real-time carrier connections, and time savings through third-party integrations, PL Rating creates competitive advantages to help close business faster. The PL Rating platform is intuitive and straightforward, making it easy to learn and effortless to implement. 
Specialities
  • InsurTech
  • Agency Consolidation
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28

Policy Issuance and Insurance Underwriting Software

250+ Employees
New Delhi, India
Est. 1992
Automate the end-to-end policy issuance process and expedite proposal processing by issuing policies instantaneously with zero insurance underwriting errors. Ensure a smooth conversion of quotations into proposals for reduced turnaround times, a superior customer experience, and a shorter prospect to the customer lifecycle. Meet regulatory requirements and adapt to dynamic business needs with our configurable platform.
Specialities
  • Low Code Automation Platform
  • Digital Transformation
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29

PolicyRater

250+ Employees
Denver, United States
Est. 1969
PolicyRater quickly provides ISO®-based rates for commercial lines policies, allowing you to increase efficiency and shorten time to market.
Specialities
  • InsurTech
  • Agency Consolidation
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30

QQWebRater

250+ Employees
Denver, United States
Est. 1969
QQWebRater, our comparative auto rater, is a 100% web-based rater that requires no installation and is available anywhere you have an internet connection. QQWebRater, available in Florida and Texas, seamlessly integrates with our management systems, pulls MVRs, binds policies and bridges to carriers.
Specialities
  • InsurTech
  • Agency Consolidation
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31

Radar Live

250+ Employees
London, United Kingdom
Willis Towers Watson Radar is a platform of software products for Property & Casualty (P&C) insurer pricing teams, including actuaries and underwriters. These products provide powerful management information to support portfolio monitoring and rate setting. Further products are available that perform price optimization and optionally integrate with rating systems to deliver real-time processing capability. Built with the latest technology, Radar continues the evolution of Willis Towers Watson’s market-leading Rate Assessor and Optimiser software products. Many of the world’s leading insurers use these products to develop and refine pricing strategies, improve competitive positioning and maximize profit and market share. WHAT RADAR CAN DO FOR YOU Provide flexible management information Enable informed pricing strategy development underpinned by robust analysis of alternatives Model the impact of potential pricing decisions on volume, profitability and other performance metrics Highlight weaknesses and cross-subsidies in current pricing structures Reduce the risk of pricing anti-selection Allow sophisticated competitor monitoring and analysis Enable sophisticated demand-based price modeling founded on real world, practical business constraints Support real-time decision making Align the pricing and marketing functions through common value metrics and behavioral models Deliver data and graphic-rich management information that is fully customizable
Specialities
  • Consulting
  • Risk Management
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32

Ratabase

250+ Employees
Montreal, Canada
Est. 1976
Ratabase is an insurance rating and underwriting software. Ratabase’s proven functionality, scalability and flexible technology empower carriers to quickly deploy extremely complex rating programs and product segmentation in a fraction of the time and cost of other options.
Specialities
  • Business Consulting Services
  • Investments
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33

RiskMeter Online

250+ Employees
Irvine, United States
Est. 2010
RiskMeter Online is an on-demand insurance platform, delivering natural hazard risk data that empowers underwriters, agents and brokers to make quick and accurate property risk determinations.
Specialities
  • Insurance Claims Solutions
  • Property Insurance
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34

The Policy Processor

250+ Employees
Johns Creek, United States
Est. 1976
The Policy Processor™ is the industry’s most advanced and comprehensive new business processing and underwriting system for life insurance. TPP accommodates all life insurance products, across all distribution channels.
Specialities
  • Insurance Carrier Systems
  • Insurance Certificate Management
  • Risk Management
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35

50-249 Employees
Paris, France
Est. 2018
The Akur8 AI pricing solution embeds all steps of the pricing process in one integrated and collaborative solution – from data set preparation to commercial pricing optimisation and execution – leveraging the Akur8 Engine.
Specialities
  • AI-based Insurance Pricing Solution
  • Machine Learning
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36

AdvantageGo | underwriting

50-249 Employees
London, United Kingdom
Est. 1991
AdvantageGo | underwriting is an underwriting software for commercial insurance. Delivered through a centralised platform AdvantageGo | underwriting systemises an underwriter’s knowledge and can deliver analytics-driven insights throughout the decision-making process.
Specialities
  • Insurance Management Solutions
  • Risk Administration
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37

Bdeo

50-249 Employees
Madrid, Spain
Est. 2017
Bdeo’s vision is to transform the insurance industry thanks to visual intelligence. We digitize the interactions of insurance companies with their end customers, from policy underwriting to claims management, even providing damage valuation tools. Bdeo provides visual intelligence, with a combination of technologies that make Bdeo a unique product in the insurance industry. Artificial intelligence automates both claims and pre-existing damage verification processes. A geo-localized video channel allows connecting with the insured at the time of the claim, in order to inspect the most complicated claims, reducing management time and improving the cost of inspection/peritation. Thanks to the augmented reality utility, the agent can remotely take measurements of the damages and finally all the information is secured with time stamps and blockhain to leave digital evidence of the generated contents.
Specialities
  • Insurance Automation
  • Visual Intelligence Technology
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38

BriteCore

50-249 Employees
Springfield, United States
Est. 2009
BriteCore is a fully-managed core software platform for property and casualty insurers that supports digital transformation, emerging technologies, and new business models. BriteCore offers end-to-end insurance capabilities, including policy administration, claims management, underwriting rules, and rating, agent quoting and inquiry, contact management, billing, imaging, printing, data warehousing, and reporting. Designed as a cloud-native solution, BriteCore is deployed using Amazon Web Services and is continually updated for maximum security, efficiency, and durability at scale. Insurance carriers, MGAs, and InsurTechs partner with BriteCore to gain a competitive edge through efficient operations, compelling customer experiences, and speed to market. For more information, please visit www.britecore.com.
Specialities
  • Insurance Processing Systems
  • Custom Software
  • Policy Processing
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39

Briza

50-249 Employees
Toronto, Canada
Est. 2016
Briza is an online quote, bind, and payment tool that makes small business policies more valuable for your agency.
Specialities
  • Commercial Insurance
  • Distribution Evolution
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40

CD Rating

50-249 Employees
Santa Barbara, United States
Est. 2010
CD Rating is a powerful, standalone rating engine that is designed for performance, processing millions of transactions per hour with zero down time.
Specialities
  • Intelligent Insurance
  • Product Distribution Software
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41

iPro

50-249 Employees
Irvine, United States
Est. 2000
Generate custom group insurance proposals from any computer via the internet.
Specialities
  • Leading Application
  • Health Insurance
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42

ISO Rating Service

50-249 Employees
Iselin, United States
Est. 2010
Comprehensive, automated rate-management System featuring a powerful combination of advanced technology and product-management tools.
Specialities
  • Financial Services
  • Consulting
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43

PCS Corporate Actions

50-249 Employees
Kholargós, Greece
Est. 1992
Feature-rich solutions that allow Financial Institutions to automate the underwriting offering of a public company and track their registry.
Specialities
  • Fund Management
  • Private Banking
  • Asset Management
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44

Product Builder

50-249 Employees
Petach Tikva, Israel
Est. 1976
Comtec’s Product Builder is a unique configuration tool.
Specialities
  • Insurance Software Industry
  • Insurance Application
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45

SmartRater

50-249 Employees
Petach Tikva, Israel
Est. 1976
Comtec’s SmartRater is a robust RBMS rating engine and product configurator that is part of Comtec’s products portfolio for the insurance market.
Specialities
  • Insurance Software Industry
  • Insurance Application
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46

Total Systems Bluescape

50-249 Employees
London, United States
Est. 1971
bluescape is a one stop shop for all your insurance software requirements. It supports all sales channels for all lines of insurance business across multi-currencies and through the four core modules of Quote, Rating, Policy and Claims, bluescape supports the whole end to end insurance lifecycle.
Specialities
  • Business Solutions
  • Insurance Industry
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47

TurboRater

50-249 Employees
Carrollton, United States
Est. 1983
Comparative auto rating; automatically checks each company’s underwriting guidelines.
Specialities
  • Rating and Management Software
  • Insurance Industry
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48

Uncharted

50-249 Employees
Toronto, Canada
Est. 2001
Working alongside a global broker and a consumer electronics giant, Uncharted has delivered a digital experience for the purchase and claims for an extended warranty product. Supporting monthly and annual subscriptions, OCR for enhanced UX, claims tracking and the seamless flow of data with the appointed TPA, the solution is designed to deploy across multiple warranty programs in the Asia-Pacific region.
Specialities
  • Analysis
  • Decision-making
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49

UnderwriteMe

50-249 Employees
London, United Kingdom
Est. 2012
UnderwriteMe has transformed the life insurance industry through technology by bringing Insurers, Intermediaries and Customers closer together in the marketplace. We recognised the need to change the life insurance application journey from a clunky, inefficient experience to one that makes the buying process easier and faster for customers and advisers alike. Founded in 2012, our journey started with the Underwriting Engine and Protection Platform in the UK and we have now grown to become a leading InsurTech provider across Europe, Asia and Australia. With an expanding portfolio, our mission is to provide technology solutions that enable our partners to transform and disrupt the life insurance industry.
Specialities
  • Insurance Industry
  • Protection Platform
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50

Xemplar Auto

50-249 Employees
Wayne, United States
Est. 2015
Xemplar Auto is a product for Standard, Non-Standard, and Preferred Personal Auto Insurers as a white-labeled mobile app for insured policyholders to provide digital policy services and risk prevention. Xemplar Auto includes the digital policy services found in Xemplar Engage, but also adds robust, smartphone based telematics features for driver safety self-assessment and targeted risk management. The solution is a Mobile app (iOS, Android) for insured drivers, and a cloud-based portal for carriers that provides a variety of BI reports for risk exposure analysis, etc.
Specialities
  • Digital Transformation Solutions
  • Customer Engagement
  • Policy and Claims Services
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