Okemos, MI – NetRate Systems, a leading provider of commercial lines rating software for the insurance industry, announces the immediate availability of Massachusetts Commercial Automobile Rating. The Mass Auto Rating System includes Business Auto, Garage, and Truckers, all based on using Automobile Insurers Bureau (AIB) loss costs, rules and rates.
Mass Auto rating is now available to all Carriers, MGAs and Program Managers and includes modules for accumulation of statistical information. The statistical coding includes all Massachusetts specific detailed data in a format supporting the Commonwealth Automobile Reinsurers (CAR) requirements. NetRate’s Mass Auto Rating System includes complete maintenance and updates for all AIB revisions in Massachusetts.
The Mass Auto Rating System adds another comprehensive product to the already impressive NetRate portfolio of ISO and Company Specific Rating Products and Services. NetRate products now include nationwide ISO Commercial Lines for Auto, Property, General Liability, Crime, and Inland Marine, and NCCI/Monopolistic Workers Compensation.
About NetRate Systems, Inc.
NetRate Systems, Inc. supplies Commercial and Personal Lines Rating Systems to the Property and Casualty insurance marketplace. With sophisticated, yet intuitive, systems designed to eliminate manual references and to fully automate the full policy life cycle, NetRate products include nationwide rating of ISO General Liability, Property, Business Auto, Crime, Inland Marine, Farm, NCCI Workers Comp, and Personal Lines. NetRate also offers custom programming of all lines of business. NetRate Rating Systems include both desktop and web-based point-of-sale submission/ rate/ quote versions. NetRate also provides ‘hands-free’ integration of rating data to 3rd party vendor systems to facilitate policy issuance and administration. For more information, go to www.netrate.com
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