Selectsys
Selectsys is an insurance-native technology and BPO provider for MGAs, wholesalers, and carriers, offering an integrated five-module platform spanning rating, policy lifecycle, accounting, payments, and embedded execution services.
- Company typePrivate
- Founded2009
- HeadquartersKnoxville, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What Selectsys does
Selectsys is a privately held insurance technology and business process outsourcing company founded in 2009 and headquartered in Knoxville, Tennessee, with additional offices in San Francisco, Boston, and an offshore delivery center in Hyderabad, India. The company operates a five-module insurance-native platform—RQB (real-time rating), Expert Insured (policy lifecycle AMS), Premium Accounting, CoverPay (payments), and Insurance BPO (embedded execution)—targeting Managing General Agents, wholesalers, and carriers operating delegated authority programs. The platform is API-first, supports multiple rating methods (API, ISO, proprietary), and integrates with the broader insurance ecosystem including QuickBooks, NetSuite, Applied Epic, Vertafore, BindHQ, Sagitta, Guidewire, and Insurity, with new carrier API integrations delivered in approximately six weeks.
The business generates revenue through three streams: subscription-based platform software licensing for the RQB, Expert Insured, Premium Accounting, and CoverPay modules; managed-services revenue from embedded BPO execution including underwriting support, policy processing, renewals, endorsements, and accounting; and professional services for implementation, configuration, and carrier integrations. Pricing is quote-based and custom, billed annually, with no public tiers. Go-to-market is direct enterprise field sales targeting large MGAs and carriers with competitive displacement of incumbents (Guidewire, Vertafore, Applied Epic), supported by inside sales for mid-market accounts, content/SEO-driven demand generation, and industry association partnerships (Target Markets, WSIA, AAIS, InsurTech NY). Selectsys acquired Expert Insured in February 2025 to add AI-native policy administration, joined the AAIS Partner Program in December 2025, and serves 120+ MGAs, wholesalers, and carriers with 15+ years of operating history.
Selectsys firmographics
Firmographics- Name
- Selectsys
- Legal name
- Selectsys
- Website
- https://selectsys.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Selectsys is an insurance-native technology and BPO provider for MGAs, wholesalers, and carriers, offering an integrated five-module platform spanning rating, policy lifecycle, accounting, payments, and embedded execution services.
- Ownership category
- akta.pro rank
Selectsys industry classification
Industry- Product category
- Insurance Technology Platforms
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Provider Network Administration & Contracting (PPO Network Management) (HLAEALAE)
Keywords
Where Selectsys is headquartered
LocationHeadquarters
- HQ city
- Knoxville
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Selectsys business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Platform Software Subscriptions: SaaS platform licensing for RQB rating, Expert Insured AMS, Premium Accounting, and CoverPay modules. Modules can be deployed independently or as an integrated suite. Revenue derived from platform access and module subscriptions for MGAs, wholesalers, and carriers.
- Insurance BPO Services: Embedded operational execution services including underwriting support, policy processing, renewals, endorsements, accounting support, and compliance execution. BPO services are delivered inside client workflows with SLA accountability.
- Professional Services & Implementation: Implementation, configuration, and integration services for platform deployment, carrier API integrations, and workflow customization. Typical pilot engagement begins within 7-10 business days.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Quote-based custom pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
Selectsys product offering
Product offeringCore offering
Selectsys provides a unified insurance-native platform ecosystem for MGAs, wholesalers, and carriers combining real-time comparative rating (RQB), policy lifecycle/agency management (Expert Insured), insurance-native accounting (Premium Accounting), installment billing and payment infrastructure (CoverPay), and embedded Insurance BPO execution. Modules can be deployed independently or together on one connected system, supported by API-first architecture, AI OCR/GPT-based submission automation, and integrations to ISO, AAIS, and major accounting/AMS systems.
Product overview
Selectsys offers a unified operating model for MGAs, wholesalers, and carriers through five integrated modules: RQB (real-time quoting and rating), Expert Insured (policy lifecycle/AMS), Premium Accounting (insurance-native accounting), CoverPay (installment billing and payments), and Insurance BPO (embedded operational execution). The platform is modular—clients can deploy modules independently or run the entire operation on one connected system. Selectsys acquired Expert Insured in February 2025, integrating AI-powered management capabilities. The platform also includes AI-powered submission automation using OCR and GPT for data extraction. A notable partnership with AAIS enables Inland Marine Rating APIs for MGA and Program Administrator operations.
Differentiator
Problem solved
Functional benefit
Brands
- RQB: Real-time rating, quoting, and bind workflow platform supporting commercial and specialty lines including WC, GL, Auto, Property, Cyber, and Personal Lines.
- Expert Insured
- Premium Accounting
- CoverPay
- Insurance BPO
Products and services
- RQB Real Time Quoting Platform Real-time comparative rating platform for commercial and specialty lines (WC, GL, Auto, Property, Cyber, Personal Lines) with API-driven live carrier comparisons and quote-to-bind workflows, used by MGAs, wholesalers, and carriers.
- Expert Insured End-to-end Agency Management System providing full policy administration for MGAs and wholesalers, including quoting, servicing, endorsements, billing, reconciliation, and commission workflows, with AI-powered submission automation.
- Premium Accounting Insurance-native accounting for MGAs and wholesalers handling agency bill, direct bill, installments, premium finance, trust accounting, bordereaux, reconciliation, and commission tracking.
- CoverPay Insurance payment infrastructure for installment billing, endorsement adjustments, automated retry logic, and API-driven premium collection through the customer's own payment gateway account.
- Insurance BPO Embedded business process outsourcing services delivering underwriting support, policy processing, renewals, endorsements, accounting support, submission intake, trust accounting, bordereaux, surplus lines compliance, carrier portal management, and claims support, executed inside client workflows with SLA accountability and supported by AI OCR/GPT automation.
- AAIS Platform AAIS-based rating, policy issuance, and accounting platforms for commercial lines and delegated programs, integrating AAIS forms, rating, and lifecycle execution for MGAs, wholesalers, and carriers.
Quantifiable outcome
- Cycle time reduction of 20-35%
- +5 more outcomes
Companies that use Selectsys
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles4 records
Selectsys technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
AI capability5 records
Feature8 records
Selectsys partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- AAIS (American Association of Insurance Services)coreSelectsys joined the AAIS Partner Program to collaborate on building and maintaining Inland Marine Rating APIs that support faster MGA and Program Administrator operations. This partnership enables integrated AAIS-based rating, policy issuance, and accounting platforms for commercial lines and delegated programs.
- Premium Accounting Integrations (QuickBooks, NetSuite, Xero, Applied Epic, Vertafore)coreIntegration ecosystem for Premium Accounting module including QuickBooks Online, NetSuite, Xero, Applied Epic, Vertafore MGA Systems, Vertafore AIM, BindHQ, Sagitta, Guidewire, and Insurity integrations.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Selectsys competitors and assessment
Company assessmentBroad incumbents
- Vertafore: Vertafore is the largest US insurance technology vendor offering AMS360, Sagitta, and other agency/MGA management systems. Selectsys directly competes with Vertafore's AMS and rating products and publishes explicit comparison pages against them.
- Applied Systems / Applied Epic: Applied Systems is a leading insurance agency management platform vendor (Applied Epic, TAM) serving agencies and MGAs. Selectsys positions Expert Insured as a purpose-built MGA alternative to Applied Epic and runs direct comparison pages.
- Guidewire: Guidewire is a major insurance core systems vendor (PolicyCenter, BillingCenter, ClaimCenter) serving carriers and large MGAs. Selectsys competes for the same insurance operations technology budgets and explicitly compares Expert Insured against Guidewire.
- Insurity: Insurity provides insurance policy administration, rating, and claims software to carriers and MGAs. Selectsys publishes direct comparison pages against Insurity as part of its displacement marketing motion.
Direct peers
- BindHQ: BindHQ is an MGA-focused policy administration and binding platform that competes head-to-head with Expert Insured. Selectsys runs explicit comparison pages positioning itself as a more comprehensive MGA system alternative.
- MGA Systems: MGA Systems provides policy administration, rating, and accounting software specifically for MGAs and program administrators. It directly overlaps Selectsys' Expert Insured AMS and Premium Accounting modules.
- PL Rating: PL Rating is a commercial lines comparative rating platform widely used by agencies and wholesalers. Selectsys' RQB platform is positioned directly against PL Rating with explicit comparison pages.
- Surefyre: Surefyre is a digital insurance platform for wholesalers and MGAs offering quoting, binding, and policy workflows. Selectsys positions RQB as an alternative to Surefyre with explicit comparison content.
- Patra: Patra is a leading insurance BPO services provider offering policy processing, accounting, and back-office outsourcing. Selectsys competes directly with Patra in the embedded insurance BPO category and runs comparison pages against them.
- ResourcePro: ResourcePro provides outsourced operations, BPO, and consulting services to insurance agencies, MGAs, and carriers. Selectsys positions its Insurance BPO offering against ResourcePro as a technology-embedded alternative.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Selectsys social profiles
Digital presenceSelectsys compliance and trust
Trust signalCompliance1 record
Selectsys financial estimates
Financial estimateRevenue estimate
Valuation estimate
Selectsys leadership team
Management profileNumber of profiles
Profiles1 record
Selectsys subsidiaries and ownership
Company hierarchySubsidiaries1 record
Selectsys funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Selectsys M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Selectsys
What does Selectsys do?
Selectsys provides a unified insurance-native platform ecosystem for MGAs, wholesalers, and carriers combining real-time comparative rating (RQB), policy lifecycle/agency management (Expert Insured), insurance-native accounting (Premium Accounting), installment billing and payment infrastructure (CoverPay), and embedded Insurance BPO execution. Modules can be deployed independently or together on one connected system, supported by API-first architecture, AI OCR/GPT-based submission automation, and integrations to ISO, AAIS, and major accounting/AMS systems.
Is Selectsys a public or private company?
Selectsys is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Selectsys founded?
Selectsys was founded in 2009. It employs 501 to 1,000 people.
Where is Selectsys based?
Selectsys is headquartered in Knoxville, United States, in the North America region.
How does Selectsys make money?
Three revenue lines are on record. Platform Software Subscriptions are the primary driver. The others are insurance BPO Services and professional Services & Implementation.
Who are Selectsys's main competitors?
Broad incumbents on record are Vertafore, Applied Systems / Applied Epic, Guidewire and Insurity. Direct peers are BindHQ, MGA Systems, PL Rating, Surefyre, Patra and ResourcePro.
Does Selectsys have an API?
Yes. Selectsys provides API-driven platforms across multiple modules. RQB (Real Time Quoting Platform) features API-driven rating with live carrier comparisons and comparative rating across carriers. CoverPay is described as an API-driven premium collection platform with gateway integration support. New carrier API integrations can typically be delivered in approximately six weeks. The platform supports quote to bind workflows through API connections. Developer documentation is at www.selectsys.com/platform.
What industry is Selectsys in?
Selectsys's product category is Insurance Technology Platforms. Its primary akta.pro industry code is HLAEALAE, Provider Network Administration & Contracting (PPO Network Management). Its NAICS code is 524292 and its SIC code is 7370.