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:
- Expert Insured (operating spine)
- Starter (process blueprint)
- AI Assist (intake automation)
- Selectsys BPO Pods (execution)
…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