Why MGAs Need a Modern Quoting Engine Before Renewal Season: The RQB Advantage
Renewal season reveals the true strength of an MGA’s quoting and underwriting systems. Slow responses, inconsistent risk evaluation, and manual review processes translate directly into lost business and producer frustration.
RQB (Rate–Quote–Bind engine) modernizes the quoting process so MGAs can scale efficiently and meet broker expectations during the busiest months of the year.
1. Brokers Expect Faster Turnaround Than Ever
Producers won’t wait days for a quote. They have dozens of markets available.
RQB solves this by:
- Gathering all relevant risk data into a structured workflow
- Applying carrier rules instantly
- Reducing manual keying
- Providing clear next steps to underwriters
Speed matters, and RQB enables it without sacrificing underwriting discipline.
2. Renewal Preparedness Requires Clean, Structured Data
Renewals often include:
- Updated exposure details
- Changes to insured operations
- New loss history
- Shifts in rating parameters
RQB standardizes the way renewal data is:
- Captured
- Enriched
- Evaluated
- Routed
- Rated
This eliminates inconsistencies that lead to rework or declined submissions.
3. RQB Integrates Directly Into EI + Value Flywheel
RQB is not a standalone quoting engine.
It is part of a unified system with Expert Insured and AI Assist:
- Intake: AI Assist extracts and organizes submission data
- Enrich: EI enriches with customer, broker, and historical details
- Decide: RQB evaluates eligibility and rating
- Execute: EI + BPO Pods handle servicing and issuance
This creates a clean, repeatable quoting lifecycle.
4. Underwriters Get a Consistent Workflow
RQB provides:
- A single screen to evaluate each submission
- Program-specific decision paths
- Automatic flags for inconsistencies
- Automated routing rules
This consistency reduces underwriting fatigue and increases throughput.
Conclusion
If your MGA wants to improve broker satisfaction, increase hit ratios, and handle peak renewal volume efficiently, RQB is the quoting engine built for speed, accuracy, and scale.
