This text is a part of a sponsored collection by Knowledgeable Insured.
Cyber insurance coverage is high-stakes, demanding, and rising quickly.
However most quotation engines wrestle to take care of themselves as a result of they’re too sluggish, too inflexible, or not designed to maintain up with cyber’s nuanced questions and altering appetites.
That is why MGAs and wholesalers are switching to RQB. Multi-carrier cyber submission It is quick, versatile, and totally compliant.
This is the way it works:
- What’s distinctive about cyber posting?
| problem | Why is it totally different? |
| very dynamic query | New threats = steady updates |
| service particular urge for food | No two portals ask the identical query |
| Subjectivity in solutions | “Is MFA enabled?” “Do you may have a safety crew in place?” |
| Attachment required | App, loss run, management survey |
| strict supply necessities | Dealer desires similar day quote |
You’ll be able to’t afford to fumble round with cyber submissions or spend days finishing them.
- RQB was created for this
RQB (charge quote binding) deal with cyber workflow and:
- dynamic consumption kind – Adapts primarily based on service urge for food
- Automated tagging of attachments – Get loss execution, cyber apps, and SOC reviews
- Quote visibility by service – Actual-time comparability + API push
- AI prefill – Sort your response primarily based in your earlier submission
- bind set off – Ship knowledge on to service or inner UW
- Cyber Submission Lifecycle by RQB
Step 1: Ingestion
- You’ll obtain an electronic mail or kind → AI will extract the applicant’s identify, revenue, and desired compensation particulars
- RQB identifies cyber LOB and initiates workflow
Step 2: Automate your survey
- Load dynamic questions primarily based on service or program
- RQB pre-populates solutions and tags purple flags (e.g. “No MFA”)
- Brokers are mechanically looped in when info is lacking
Step 3: Provider matching + quote push
- Based mostly on administration and eligibility, RQB will path to eligible markets
- API integration pushes quote requests (no handbook knowledge entry required)
- Insurers return costs → RQB creates logs, compares and routes to brokers
Step 4: Binding and AMS updates
- Sure quote pushed to service (or despatched again to operations crew)
- Coverage information created/up to date in AMS
- Duties created for publishing, COI, or replace setup
- Precise outcomes: RQB earlier than vs after
| metric | handbook cyber workflow | With RQB |
| Common quote preparation time | 3-5 hours | 15-Half-hour |
| Provider-specific errors | Widespread (improper discipline) | Uncommon (<2%) |
| time to gather paperwork | 2 days or extra | Lower than 1 day (AI monitoring + tagging) |
| Delay in binding to AMS | 1-2 days | lower than 1 hour |
- Bonus: Multi-state or multi-class packages?
RQB helps:
- Cyber + Tech E&O Bundle
- standalone cyber
- A number of restriction situations
- Management-based pricing tiers
- Submission routing to inner underwriters or third events
Cyberquote is getting quicker and quicker. you?
RQB permits you to triage, ship, and bind cyber dangers throughout a number of carriers with out rekeying or handbook uploads.
Begin with 5-10 cyber submissions and take a look at the distinction.
FAQ
Can RQB deal with supplemental apps and attachments?
sure. RQB tags required paperwork, tracks lacking recordsdata, and information full packages by service.
Does it work with simply AMS or EI?
RQB integrates with Knowledgeable Insured, Epic, AMS360, or standalone.
What occurs if you happen to tackle cyber in-house?
You’ll be able to create customized kinds in RQB to route quotes to inner or exterior companions.
Study extra about us Real-time market platform RQB
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