This text is a part of a sponsored sequence by Knowledgeable Insured.
In an setting the place underwriting groups are overwhelmed, brokers are impatient, and carriers demand compliance, automating your price, quote, and bind workflows isn’t a luxury-it’s a progress technique.
This weblog breaks down how RQB helps MGAs, wholesalers, and delegated authority applications streamline the total R-Q-B chain-from provider ranking to coverage bind and export.
What Is Fee-Quote-Bind Automation?
Fee-Quote-Bind (RQB) automation refers back to the capability to run a complete submission by a digital pipeline:
- Fee: Use provider API or built-in logic to calculate premiums
- Quote: Show phrases, limits, charges, taxes, and customized guidelines immediately
- Bind: Lock down quote phrases, assign coverage numbers, and ship bind confirmations
- Export: Push the sure coverage to Knowledgeable Insured or your AMS
As a substitute of manually logging into provider portals or copying PDFs into AMS360, RQB does it multi function workflow.
Why Automating R-Q-B Issues
Guide quoting usually results in:
- Inconsistent utility of underwriting guidelines
- Delays between quote and bind
- Errors in premium calculations or taxes
- Lacking documentation at bind
- Double-entry between quoting and coverage issuance
Automation solves this by implementing enterprise logic, accelerating turnaround, and logging each step.
How RQB Automates Fee-Quote-Bind
Provider Score APIs
RQB connects to main carriers through API to tug real-time charges, apply underwriting guidelines, and validate urge for food. The place APIs are unavailable, you’ll be able to add Excel logic or price tables.
Customized Guidelines Engine
You may construct quote logic per line of enterprise, state, or provider. Guidelines can embrace minimal premium, danger class exclusions, or required attachments earlier than quote launch.
Bind Workflow
As soon as a quote is accepted, RQB locks phrases, assigns monitoring IDs, and sends bind confirmations—no separate steps wanted. Brokers can bind instantly if permissions are enabled.
Integration with Knowledgeable Insured
Sure quotes are pushed into Knowledgeable Insured or different AMS methods to generate coverage information, billing triggers, and renewals.
Take a look at Case: Full Automation for a Wholesale MGA
A wholesaler writing Common Legal responsibility and Property used to deal with submissions through inbox, quote by spreadsheets, and ship bind emails manually. Quotes would take 1–2 days to finish, and binds had been tracked utilizing folders.
Ache Factors:
- Underwriters manually rekeyed 30+ fields for each quote
- Turnaround was inconsistent
- Brokers despatched a number of follow-ups
- Sure quotes usually missed documentation
After switching to RQB:
- Quotes generated immediately with provider API ranking
- Brokers obtained quotes and will bind through portal
- 90% of submissions had been dealt with with zero underwriter contact
- Compliance logs tracked each quote + bind for audit
- The MGA doubled its quote output with out hiring extra underwriters.
Why Pair RQB with Knowledgeable Insured
As soon as a quote is sure in RQB, the following step is coverage issuance. With Knowledgeable Insured, you get:
- Seamless push of bind information
- Issuance of declarations and coverage kinds
- Accounting + invoicing built-in
- Renewals auto-triggered
- Full audit path of each quote and endorsement
- This integration turns quoting into full lifecycle coverage ops.
FAQs: RQB Automation
Can RQB deal with multi-carrier ranking?
Sure. You may configure carrier-specific APIs, price sheets, or bind guidelines—RQB will return the best-fit quote.
Can brokers bind instantly?
Sure. RQB permits agent-facing portals with configurable permissions to allow bind entry based mostly on function or program.
What LOBs does RQB assist for automation?
GL, Property, BOP, Cyber, Industrial Auto, Staff’ Comp, and extra. Score logic is versatile and helps each private and industrial traces.
What if a submission is incomplete?
RQB flags lacking information, holds the quote, and notifies the agent or underwriter with required fields.
Do I would like to make use of Knowledgeable Insured?
No. RQB can combine with AMS360, Sagitta, or different coverage methods, however pairing with Knowledgeable Insured offers you an all-in-one expertise.
Conclusion
Automating price, quote, and bind workflows isn’t nearly speed-it’s about consistency, compliance, and scale.
With RQB, MGAs and wholesalers can remove guide quoting complications and ship a quicker, extra skilled expertise to brokers and carriers alike.
Pair it with Knowledgeable Insured to go from submission to renewal in a single clear stack.
Able to automate your R-Q-B course of?
Request a Demo and see how RQB transforms your quoting workflows.
