Draftrs

What Is Draftrs?

Draftrs is an insurance platform built to manage rating, policy administration, form issuance, and digital policy transactions. It supports insurers and MGAs that need tools for premium calculations, policy servicing, document generation, and account management. By bringing these insurance functions into a connected system, the platform helps organizations maintain policy records, process coverage changes, manage submissions, and oversee underwriting-related activities more effectively.

What Is Draftrs Best For?

Draftrs is renowned for full insurance-lifecycle automation. It focuses on coordinating underwriting, distribution, and servicing activities through a unified operational flow. The platform maintains continuity across the policy lifecycle, helping organizations manage policy transactions, documentation, distribution activities, and servicing requirements from a single platform.

How Much Does Draftrs Cost?

The vendor offers a flat Draftrs pricing rate of $5,000. Besides the fixed software charges, users should also consider hidden costs associated with the platform, including but not limited to the following:

• Implementation And Onboarding: Estimated at $500–$3,000, depending on deployment complexity
• Data Migration: May cost approximately $500–$5,000, based on data volume and quality
• Third-party Integrations: Typically range from $1,000–$10,000+, depending on integration requirements
• Additional Training: Often falls between $300–$2,500, depending on team size and scope
• Customization: Can add an estimated $1,000–$15,000+, based on workflow needs
• Premium Support: May involve roughly $500–$5,000 annually, depending on service levels

Disclaimer: The pricing is subject to change.

Draftrs Integrations

The software supports integration with multiple systems and platforms, such as:

• Microsoft Azure
• AWS
• Stripe

How Does Draftrs Work?

Here is how you can get started with the software upon logging in:

• Access the main dashboard to review policy activity, underwriting tasks, distribution performance, and reporting data
• Configure rating structures by defining rate tables and program-specific pricing requirements
• Set up policy forms using customizable data fields and document templates for policy issuance activities
• Manage policy records through the administration workspace to monitor status changes and related documents
• Navigate the consumer and agent portal to oversee quoting activity and account access requests
• Review real-time bordereau reports for carriers, agents, and distribution partners from the reporting module
• Monitor underwriting and distribution activities to track submissions, policy issuance volumes, and partner performance
• Connect payment providers, cloud services, or third-party insurance systems through available integrations and APIs
• Assign access permissions and oversee operational activities across underwriting, policy servicing, reporting, and distribution functions

Who Is Draftrs For?

Draftrs is ideal for managing general agents (MGAs) and retail insurance companies.

Draftrs Use Cases

Based on our analysis of Draftrs’ capabilities, we have identified key scenarios where the software is a strong fit for insurance organizations:

1. Managing General Agents Handling Multi-Program Insurance Portfolios

MGAs working across multiple insurance programs often use separate tools for quoting, policy issuance, and carrier reporting, resulting in fragmented oversight of active policies. This setup can make it difficult to maintain consistency across different program requirements and distribution partners. Draftrs supports MGAs by centralizing underwriting activity, policy records, and distribution interactions across programs.

2. Insurance Carriers Centralizing Policy Administration Operations

Carriers managing large volumes of policies typically face challenges in tracking endorsements, renewals, and document versions across different business lines. These activities are often spread across multiple internal tools, creating visibility gaps during policy servicing. In such environments, the software supports centralized management of policy-related activities, enabling carriers to maintain structured records throughout the policy lifecycle.

3.Program Administrators Running High-Volume Distribution Networks

Program administrators responsible for distributing insurance products through agents and partners often struggle to track submissions, manage communication flow, and report across distribution channels. Manual coordination between stakeholders can slow down policy placement and servicing cycles. Draftrs software could support this operational model by providing a structured environment for managing agent and distribution activity alongside policy workflows.

4. Insurance Teams Processing Frequent Policy Changes And Endorsements

Organizations dealing with continuous policy adjustments often face delays when endorsement requests, document updates, and status changes are handled through separate systems. This can create inconsistencies between active policy records and supporting documentation. The system helps maintain alignment between policy changes and associated documentation, supporting more consistent tracking of modifications throughout the policy lifecycle.

5 Specialty Insurance Programs Requiring Structured Rating And Forms Handling

Specialty insurance programs often struggle with maintaining consistent rating logic and form generation across unique product structures. It can lead to operational inefficiencies when managing tailored insurance offerings. Draftrs supports these environments by providing a structured approach to rating configuration and form-based policy documentation, making it suitable for programs that rely on customized insurance structures.

Is Draftrs Right For You?

Draftrs could be a strong fit for managing general agents and insurance organizations seeking dedicated tools for policy administration and portal-based policy transactions. The platform brings quoting, binding, document management, and policy servicing together in a single environment. The software is particularly relevant for insurance programs that require structured policy lifecycle management and convenient digital access for agents and policyholders.

Still have concerns regarding the Draftrs software? Contact our expert team at (661) 384-7070, who will help you make the right decision.