Now live: Premium Accounting and CoverPay. Insurance native accounting, installment billing, and payment collection infrastructure with full control of your payment gateway.

How RQB Increases MGA Hit Ratios Through Faster, Smarter, and More Accurate Quoting

Hit ratio is the KPI that defines whether an MGA is growing or stagnating. Brokers send business to partners who respond quickly, provide accurate quotes, and understand appetite alignment. RQB is designed to help MGAs win more business by optimizing each stage of the quoting lifecycle.

1. Faster Quotes = More Wins

Speed is the #1 driver of hit ratios.

RQB accelerates quoting by:

  • Automating data intake using AI Assist
  • Eliminating duplicate manual entry
  • Applying appetite and eligibility rules instantly
  • Presenting underwriters with pre-validated risk details

Faster turnaround means more quotes delivered and more opportunities won.

2. Smarter Appetite Alignment Reduces Wasted Submissions

Underwriters should only work on submissions with a strong chance of success.
RQB ensures:

  • Carrier rules are applied before underwriting
  • Non-eligible submissions are filtered early
  • Broker expectations are aligned
  • Programs are matched intelligently

This drastically reduces low-quality pipeline noise.

3. Consistent Workflows Lead to Higher Quality Decisions

RQB delivers structured workflows:

  • Every submission follows the same review path
  • Key rating factors are always present
  • System flags inconsistencies
  • Referrals are automated

This improves underwriting discipline and creates predictable results – exactly what carriers expect.

4. The Value Flywheel Effect

When RQB is combined with:

…the entire quoting process becomes a continuously improving engine.

This is the complete Value Flywheel at work.

Conclusion

RQB increases MGA hit ratios by improving speed, accuracy, and operational consistency. In a competitive distribution environment, quoting faster and smarter is the key to revenue growth.

Selectsys Insurance Platform

A unified operating model across the full insurance lifecycle:

Rating, Quote & Bind (RQB)
Build and manage commercial and specialty rating programs

Expert Insured (AMS)
Policy lifecycle management with API-first architecture

Premium Accounting
Insurance-native accounting for premium, commissions, and trust

CoverPay
Installment billing and payment infrastructure with full control

Insurance BPO
Operational execution across submissions, policy processing, and servicing

Explore Platform →

Built for MGAs, Wholesalers, and Carriers

If you are managing rating, policy lifecycle, accounting, or back office operations across multiple systems, we can help consolidate and streamline your stack.

Request a Demo → Explore Platform →
Request a Demo