Automating Rate, Quote, and Bind Workflows with RQB
In an environment where underwriting teams are overwhelmed, agents are impatient, and carriers demand compliance, automating your rate, quote, and bind workflows isn’t a luxury-it’s a growth strategy.
This blog breaks down how RQB helps MGAs, wholesalers, and delegated authority programs streamline the full R-Q-B chain-from carrier rating to policy bind and export.
What Is Rate-Quote-Bind Automation?
Rate-Quote-Bind (RQB) automation refers to the ability to run an entire submission through a digital pipeline:
- Rate: Use carrier API or built-in logic to calculate premiums
- Quote: Display terms, limits, fees, taxes, and custom rules instantly
- Bind: Lock down quote terms, assign policy numbers, and send bind confirmations
- Export: Push the bound policy to Expert Insured or your AMS
Instead of manually logging into carrier portals or copying PDFs into AMS360, RQB does it all in one workflow.
Why Automating R-Q-B Matters
Manual quoting often leads to:
- Inconsistent application of underwriting rules
- Delays between quote and bind
- Errors in premium calculations or taxes
- Missing documentation at bind
- Double-entry between quoting and policy issuance
Automation solves this by enforcing business logic, accelerating turnaround, and logging every step.
How RQB Automates Rate-Quote-Bind
- Carrier Rating APIs
RQB connects to major carriers via API to pull real-time rates, apply underwriting rules, and validate appetite. Where APIs are unavailable, you can upload Excel logic or rate tables. - Custom Rules Engine
You can build quote logic per line of business, state, or carrier. Rules can include minimum premium, risk class exclusions, or required attachments before quote release. - Bind Workflow
Once a quote is accepted, RQB locks terms, assigns tracking IDs, and sends bind confirmations—no separate steps needed. Agents can bind directly if permissions are enabled. - Integration with Expert Insured
Bound quotes are pushed into Expert Insured or other AMS systems to generate policy records, billing triggers, and renewals.
Test Case: Full Automation for a Wholesale MGA
A wholesaler writing General Liability and Property used to handle submissions via inbox, quote through spreadsheets, and send bind emails manually. Quotes would take 1–2 days to complete, and binds were tracked using folders.
Pain Points:
- Underwriters manually rekeyed 30+ fields for every quote
- Turnaround was inconsistent
- Agents sent multiple follow-ups
- Bound quotes often missed documentation
After switching to RQB:
- Quotes generated instantly with carrier API rating
- Agents received quotes and could bind via portal
- 90% of submissions were handled with zero underwriter touch
- Compliance logs tracked every quote + bind for audit
The MGA doubled its quote output without hiring more underwriters.
Why Pair RQB with Expert Insured
Once a quote is bound in RQB, the next step is policy issuance. With Expert Insured, you get:
- Seamless push of bind data
- Issuance of declarations and policy forms
- Accounting + invoicing built-in
- Renewals auto-triggered
- Full audit trail of every quote and endorsement
This integration turns quoting into full lifecycle policy ops.
FAQs: RQB Automation
Can RQB handle multi-carrier rating?
Yes. You can configure carrier-specific APIs, rate sheets, or bind rules—RQB will return the best-fit quote.
Can agents bind directly?
Yes. RQB allows agent-facing portals with configurable permissions to enable bind access based on role or program.
What LOBs does RQB support for automation?
GL, Property, BOP, Cyber, Commercial Auto, Workers’ Comp, and more. Rating logic is flexible and supports both personal and commercial lines.
What if a submission is incomplete?
RQB flags missing data, holds the quote, and notifies the agent or underwriter with required fields.
Do I need to use Expert Insured?
No. RQB can integrate with AMS360, Sagitta, or other policy systems, but pairing with Expert Insured gives you an all-in-one experience.
Conclusion
Automating rate, quote, and bind workflows isn’t just about speed-it’s about consistency, compliance, and scale.
With RQB, MGAs and wholesalers can eliminate manual quoting headaches and deliver a faster, more professional experience to agents and carriers alike.
Pair it with Expert Insured to go from submission to renewal in one clean stack.
Ready to automate your R-Q-B process?
Request a Demo and see how RQB transforms your quoting workflows.
