MGAs and wholesalers rarely work with just one carrier. Most manage multiple markets—each with different appetite rules, submission requirements, and pricing logic. Trying to juggle those systems manually leads to delays, duplicate work, and missed revenue opportunities.
That’s why multi-carrier quoting platforms have become essential infrastructure. In this article, we’ll explain what these platforms do, why they matter, and how RQB by Selectsys supports multi-carrier quoting from intake through bind.
Understanding Multi-Carrier Quoting Platforms
A multi-carrier quoting platform allows insurance professionals to submit risk information once and receive pricing from multiple carriers through a single system.
Instead of logging into several portals or re-entering the same data repeatedly, the platform standardizes inputs, applies carrier-specific rules, routes submissions to the right markets, and returns quotes in one consolidated workflow.
The result is less manual work, fewer errors, and faster decisions—especially in delegated authority environments.
Why MGAs and Wholesalers Rely on Them
Managing submissions across multiple carriers is inherently complex. Each carrier brings its own:
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Eligibility and appetite guidelines
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Required applications and documents
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Underwriting rules
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Rating methodologies or APIs
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Delegated authority thresholds
Without automation, scaling across these variables becomes nearly impossible.
Multi-carrier quoting platforms simplify this environment and enable growth by making complex workflows repeatable.
Typical use cases include:
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Retail agents entering risk details and receiving instant pricing options
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Underwriting teams quickly evaluating and quoting delegated business
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Program administrators enforcing consistent rules across multiple MGAs
How RQB Supports Multi-Carrier Quoting End to End
RQB (Rate-Quote-Bind) from Selectsys was designed specifically for delegated quoting environments. Here’s how it powers the full lifecycle:
Unified Intake
Submissions can enter the system via email, file upload, API, or agent-facing portals. RQB standardizes the data and aligns it with each carrier’s specific requirements.
Intelligent Market Routing
Each submission is evaluated against appetite criteria such as state, class code, risk attributes, and program rules—then routed automatically to eligible carriers.
Integrated Rating Logic
RQB connects to carrier rating engines through APIs or embedded rate tables. It applies delegated authority limits and generates bind-ready quotes quickly.
Rule Validation
Custom underwriting rules ensure every quote complies with carrier guidelines and MGA controls before it’s presented or bound.
Binding and System Export
Once approved, quotes can be bound and passed downstream to systems like Expert Insured for policy issuance, billing, and recordkeeping.
Real-World Example: Faster Quotes, Higher Throughput
A nationwide wholesaler managing 12 carrier programs implemented RQB to streamline quoting operations.
Before adoption, underwriters manually reviewed appetite and contacted carriers by email. After implementation:
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Over 100 submissions per day were automatically triaged and routed
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Average quote turnaround dropped to under five minutes
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Declines caused by misaligned submissions decreased significantly
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Each underwriter bound roughly three times more risks per day
Key Advantages at a Glance
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Enter data once, receive multiple quotes
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Built-in rules reduce compliance and E&O exposure
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Shorter quote-to-bind timelines
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Centralized records and audit history
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Native integration with Expert Insured
Common Questions
How many carriers can the platform handle?
RQB doesn’t impose a fixed limit. It can support a wide range of carriers with customized rules and integrations.
Is data re-entry required for each market?
No. Information is captured once and automatically mapped to each carrier’s format.
Can both agents and underwriters use the system?
Yes. RQB supports role-based views, including simplified portals for agents and advanced workflows for internal teams.
Can each program have unique rules?
Absolutely. Each carrier program can be configured with its own logic, rating, and outputs.
How long does implementation take?
Most teams are live within about a month, though more complex builds may take longer.
Final Thoughts
Multi-carrier quoting is no longer optional—it’s a competitive requirement. RQB provides the speed, consistency, and oversight MGAs and wholesalers need to operate efficiently across multiple markets.
With the right platform in place, teams can quote faster, bind more business, and scale without adding friction or headcount.
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