For carriers and MGAs
E&S rating and negotiated pricing
in one workbench.
Rate new business, renewals, and endorsements with your existing Excel rater or rating service. Apply negotiated pricing and dynamic adjustments from your own models, governed by your product rules. Compare rates and premiums side by side, then submit to your policy administration system for bind.
Focused on General Liability, Commercial Property, Commercial Auto, Inland Marine, and follow-form Excess Casualty.
Built for E&S underwriting
Rating, negotiated pricing, and transaction comparison
- Pricing Indications
- Rate new business, renewals, and endorsements with your existing rater, then apply negotiated pricing adjustments.
- Rate and Premium Comparison
- Review rates, premiums, and their differences side by side, including transactions from different systems.
- Model-Driven Pricing
- Apply factors from your own pricing models after systematic rating, within your product rules.
- Policy Administration Integration
- Submit the selected indication into your policy system for bind, with confirmation and visible discrepancies.
- Excel Rater Conversion
- Turn established Excel rating logic into a tested, versioned rating service that powers the workbench.
Your rater calculates the rated premium. CovCloud applies your negotiated pricing rules and customer-model factors, with the original result and adjustments visible.
Built on 25+ years in P&C software, with experience delivering production E&S rating and pricing integrations.
About CovCloudYour situation today
Your underwriters price in spreadsheets and by negotiation. Your policy system was built for neither.
That gap is where E&S pricing gets expensive, and it shows up in three places.
01
Your rater is a spreadsheet
Underwriters move between spreadsheets and policy systems, re-entering risk details and tracking separate versions of the same product.
02
Your negotiations become custom code
Negotiated premiums and policy-change pricing become costly customizations in policy systems configured around admitted-market workflows.
03
Your comparisons take manual work
Expiring, renewal, and endorsement values can sit in different files or systems. Teams assemble their own rate and premium comparisons.
Pricing Indications
Rate the risk. Apply negotiated pricing.
Use your existing Excel rater or rating service to calculate the rated premium. Explore coverage options, review the supporting worksheets, and apply negotiated premiums and product-specific adjustments before submitting the selected indication to the policy system.
The workbench supports pricing exploration with the checks appropriate to that task. Your policy administration system performs its required validations for bind.
See the indication workflow- Develop indications for new business, renewals, and endorsements.
- Explore coverage, limits, deductibles, and attachment points for the selected product.
- Apply negotiated premiums and product-specific pricing controls, with supporting rating worksheets.
- Retain the selected terms and pricing for the policy-system handoff.
Bring your own models
Model-Driven Pricing
Your pricing models, applied after systematic rating.
Connect your own pricing models to apply dynamic factors after rating, with the rated premium and subsequent adjustments visible. Apply those factors alongside negotiated adjustments and product-specific pricing controls, with the calculation evidence available for review.
How it fits the pricing layer- Keep technical premium, model-adjusted premium, and agreed price visible.
- Record the model version and returned factors alongside the pricing result.
- Apply adjustments within the bounds and calculation rules agreed for your product.
- Make unavailable or out-of-range model results visible, using an agreed fallback.
Rate and Premium Comparison
See rates, premiums, and their differences.
Compare rates and premiums between expiring and renewal terms, or between a current policy and a proposed endorsement, even when the transactions reside in different systems.
Bring the selected values together in one view, with the relevant terms, pricing basis, and differences available for review.
See rate and premium comparison- Compare expiring and renewal rates and premiums side by side.
- Review the current policy against a proposed endorsement.
- Show the reported values and their differences, with the applicable terms and pricing basis.
- Bring together selected transaction records from different systems.
Policy Administration Integration
Carry the selected terms through to bind.
Submit risk details, coverage selections, and pricing results to your policy administration system through an agreed handoff. Confirm what the system received and surface differences for review, reducing repeated data entry.
Your policy system continues its required validations and binding workflow.
Explore the policy-system handoffExcel Rater Conversion
Connect your existing rater to the workbench, or convert its Excel rating logic into a tested, versioned rating service. For conversion, compare results against approved workbook cases and measure response times and the effort to make the next rate change.
Fork and build
Your version. Your roadmap.
CovCloud is not SaaS. Fork the workbench, build around your business, and stay in control of your codebase and release schedule.
Your technology team receives the codebase, documentation, and tools for AI-assisted development to adapt and maintain the workbench. Your team controls testing and releases.
You choose which updates to adopt and when. You will never be forced to adopt a new CovCloud version.
Delivery and pilot scopeHow would CovCloud fit your E&S workflow?
Explore common questions about your existing rater, negotiated pricing, transaction comparisons, delivery, and what to agree for a pilot.
Let’s talk about your E&S program.
Tell us where disconnected spreadsheets and policy-system customizations slow your E&S team down. We scope a pilot around your program, rater, and underwriting workflow.
Discuss your project