The Actual Distinction for MGAs and Wholesalers

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

In case you’re an MGA or wholesaler quoting private or business strains, likelihood is you’ve come throughout PL Ranking by Vertafore. It’s a broadly used platform within the retail company world. However whenever you’re managing delegated authority, service applications, or inner underwriting ops, you want one thing extra highly effective.

This weblog breaks down the true distinction between RQB and PL Ranking-so you may select the appropriate software in your quoting workflows.

What Is PL Ranking?

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

It’s a stable match for:

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

However it’s not constructed for:

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

What Is RQB?

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

Key options embrace:

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

Comparability Desk: RQB vs PL Ranking

Why MGAs and Wholesalers Select RQB Over PL Ranking

PL Ranking is helpful for those who’re a retail agent quoting private strains. But when you want to:

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

RQB offers you the infrastructure to centralize quoting, implement guidelines, and bind sooner.

Actual-World Check Case: PL Ranking vs RQB

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

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

They switched to RQB and carried out:

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

Consequence:

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

FAQs: RQB vs PL Ranking

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

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

Can I maintain utilizing PL Ranking for some strains and use RQB for others?
Sure, however most MGAs finally transition totally to RQB attributable to higher management and effectivity.

Does RQB help 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 Skilled Insured and might push information downstream to CRMs, invoicing programs, and doc storage.

Conclusion

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

In case you’re able to scale applications, increase underwriter productiveness, and take away quoting bottlenecks, RQB is the next move.

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

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