The Actual Distinction for MGAs and Wholesalers

This text is a part of a sponsored sequence by Professional Insured.

For those who’re an MGA or wholesaler quoting private or business strains, chances are high you’ve come throughout PL Score by Vertafore. It’s a broadly used platform within the retail company world. However whenever you’re managing delegated authority, service applications, or inside underwriting ops, you want one thing extra highly effective.

This weblog breaks down the actual distinction between RQB and PL Score-so you’ll be able to select the best software in your quoting workflows.

What Is PL Score?

PL Score is a private strains comparative rater designed for retail brokers. It permits customers to enter applicant knowledge as soon as and obtain real-time quotes from a number of carriers.

It’s a strong match for:

• Auto, Residence, and Umbrella quoting
• Direct agent-to-consumer workflows
• Impartial businesses in search of quick charge comparisons

But it surely’s not constructed for:

• Industrial strains
• Delegated quoting workflows
• Service program routing
• Underwriting guidelines enforcement

What Is RQB?

RQB (Fee Quote Bind) is a multi-carrier quoting engine constructed particularly for MGAs, wholesalers, and delegated authority use instances. It helps private and business strains, applies customized guidelines, and integrates instantly with carriers, underwriters, and downstream programs like Professional Insured.

Key options embrace:

• Submission triage and consumption automation
• Program-based service routing
• Service API integrations
• Inside and agent-facing portals
• Full quote-to-bind workflows

Comparability Desk: RQB vs PL Score

Why MGAs and Wholesalers Select RQB Over PL Score

PL Score is helpful when you’re a retail agent quoting private strains. But when you must:

• Deal with service applications
• Route and triage submissions
• Management quoting authority
• Combine with an AMS like Professional Insured …then PL Score merely isn’t sufficient.

RQB provides you the infrastructure to centralize quoting, implement guidelines, and bind quicker.

Actual-World Check Case: PL Score vs RQB

A quick-growing MGA initially used PL Score for Householders quoting. Nonetheless, they bumped into the next points:

• Couldn’t management quoting guidelines for subagents
• No assist for business property
• Needed to rekey quote knowledge into their AMS
• Binding nonetheless required handbook service steps

They switched to RQB and carried out:

• Direct submission consumption from subagents
• Automated routing primarily based on service urge for food
• Actual-time quoting + binding for Residence, Condominium, and Small Industrial
• One-click export into Professional Insured for invoicing and coverage issuance

Consequence:

• 60% quicker quote-to-bind cycle
• 3x extra quotes issued per underwriter
• Zero rekeying
• Improved E&O compliance

FAQs: RQB vs PL Score

Can RQB quote private strains like PL Score?
Sure. RQB helps Householders, Auto, Umbrella, and extra—however provides service guidelines and binding options that PL Score lacks.

Is RQB just for inside customers?
No. RQB presents portals for each inside underwriters and exterior brokers with role-based entry management.

Can I hold utilizing PL Score for some strains and use RQB for others?
Sure, however most MGAs ultimately transition absolutely to RQB resulting from higher management and effectivity.

Does RQB assist multi-carrier business quoting?
Completely. RQB is constructed to deal with a number of applications throughout Normal Legal responsibility, BOP, WC, and Property.

Is RQB built-in with our AMS or CRM?
Sure. RQB connects with AMS platforms like Professional Insured and might push knowledge downstream to CRMs, invoicing programs, and doc storage.

Conclusion

PL Score works for primary private strains quoting on the retail level-but it’s not designed for the complexity of MGA or wholesaler operations. RQB presents triage, ranking, guidelines enforcement, and binding-all in a single unified quoting engine.

For those who’re able to scale applications, enhance underwriter productiveness, and take away quoting bottlenecks, RQB is the next move.

Nonetheless caught utilizing PL Score for MGA quoting?
Request a Demo of RQB and see the distinction purpose-built quoting makes.

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