Rate, Quote & Bind(RQB)

Customized Technology Solutions for Carriers, MGAs, and Wholesalers

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Modernizing Rate, Quote & Bind Processes

In the realm of insurance, outdated legacy rating platforms and reliance on Excel-based systems can create significant hurdles for carriers and MGAs. These challenges often manifest in restricted data access, cumbersome maintenance, and inefficient distribution. However, the Selectsys API-driven Rate, Quote & Bind Platform, hosted on AZURE with auto-scaling capability, presents a transformative solution. By prioritizing comprehensive data capture and transparency at every stage, this platform seamlessly integrates with IMS and other core systems without the need for additional coding. Moreover, it adeptly manages rating versions and facilitates smooth transitions across multiple rate updates, thereby streamlining operations for carriers and MGAs alike.

Enhancing Sales Efficiency with Turn-key Comparative Rate Quote Bind Platform

For MGAs and wholesalers, navigating the landscape of multiple P&C insurance carriers and integrating third-party services can be daunting tasks that impede sales processes and market entry. However, our turn-key comparative rating digital platform offers a comprehensive solution. Seamlessly integrating with over 30 carriers and supporting API, Netrate, and various third-party integrations such as Google API, Core Logic, and Zillow, this platform simplifies operations and accelerates market entry. By ensuring seamless integration and providing robust support for sales teams, it significantly enhances overall efficiency.

Problem

Navigating through multiple P&C insurance carriers and integrating various third-party services can be complex and time-consuming, hindering sales efficiency and market entry.

Solution

Our turn-key comparative rating digital platform integrates with over 30 P&C insurance carriers and supports API, Netrate, and third-party integrations such as Google API, Core Logic, E2Value, Zillow, Verisk, DTC (Distance To Coast), VIN Service, and Address Cloud. By streamlining these processes, our cloud-based quoting platform simplifies market entry and ensures seamless integration, enhancing efficiency for sales teams.

Benefits

  • Comprehensive Data Capture and Transparency: The modernized Rate, Quote & Bind Platform ensures comprehensive data capture and transparency throughout the process, overcoming challenges posed by outdated legacy systems. This leads to better-informed decision-making and improved efficiency.
  • Seamless Integration: The platform seamlessly integrates with IMS and other core systems without requiring additional coding, reducing the time and resources needed for integration and ensuring smooth operations.
  • Streamlined Operations: By maintaining rating versions and facilitating smooth transitions across multiple rate updates, the platform streamlines operations for carriers and MGAs, leading to increased productivity and cost savings.
  • Real-time Comparative Rate, Quote & Bind: For MGAs and wholesalers, the Single-Entry Multi-Carrier Comparative Rate, Quote & Bind Digital Platform allows users to enter data once and receive comparative indications from multiple carriers in real-time. This eliminates the need for re-keying submissions and speeds up the process of obtaining quotes and binding policies.
  • Turn-key Comparative Rating Digital Platform: The turn-key comparative rating digital platform simplifies market entry by integrating with over 30 P&C insurance carriers and supporting API, Netrate, and various third-party integrations. This reduces the complexity and time required for navigating multiple carriers and third-party services, ultimately boosting sales efficiency.
    Overall, these benefits highlight how modernizing rate, quote, and bind processes can lead to increased efficiency, reduced complexity, and improved competitiveness in the insurance industry.

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Find out how Selectsys can improve your experience, expand your reach and grow your business. Contact us today at sales@selectsys.com
TargetMarketsNEW
WSIA
MGA-Systems
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