The following vendor(s) were chosen
as their top choice(s) in Quoting/Rating
Speed and Efficiency (5 points)
Description: The speed at which the system generates quotes and ratings, and how efficiently it handles multiple quote requests.
Considerations: How quickly does the system produce quotes? Can it handle multiple lines of business or requests simultaneously without delays?
Accuracy of Quotes and Ratings (5 points)
Description: The system’s ability to deliver accurate quotes based on provided information, taking into account underwriting rules and guidelines.
Considerations: Are the quotes generated consistent with underwriting guidelines? How accurate are the premium estimates?
Integration with Carriers and BMS (5 points)
Description: How well the quoting/rating system integrates with carrier systems and broker management systems (BMS) for real-time data exchange.
Considerations: Does the system provide seamless integration with carrier APIs and broker management systems for up-to-date quotes?
User Experience and Interface (5 points)
Description: The ease of use and intuitiveness of the quoting/rating interface for both brokers and clients.
Considerations: Is the interface easy to navigate for brokers? How user-friendly is it for clients requesting quotes online?
Pricing and Value for Money (5 points)
Description: The cost-effectiveness of the system in relation to its features, performance, and value provided.
Considerations: Is the pricing competitive, flexible, and justified by the system’s features, performance, and return on investment?
