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

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

This weblog breaks down the actual distinction between RQB and PL Ranking-so you’ll be able to select the correct instrument to your quoting workflows.

What Is PL Ranking?

PL Ranking is a private traces 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 stable match for:

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

However it’s not constructed for:

• Business traces
• Delegated quoting workflows
• Provider program routing
• Underwriting guidelines enforcement

What Is RQB?

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

Key options embrace:

• Submission triage and consumption automation
• Program-based provider routing
• Provider API integrations
• Inner 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 beneficial for those who’re a retail agent quoting private traces. But when you’ll want to:

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

RQB provides 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 assist for industrial property
• Needed to rekey quote knowledge into their AMS
• Binding nonetheless required handbook provider steps

They switched to RQB and applied:

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

End result:

• 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 traces like PL Ranking?
Sure. RQB helps Owners, Auto, Umbrella, and extra—however provides provider guidelines and binding options that PL Ranking lacks.

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

Can I hold utilizing PL Ranking for some traces and use RQB for others?
Sure, however most MGAs ultimately transition absolutely to RQB on account of higher management and effectivity.

Does RQB assist multi-carrier industrial 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 may push knowledge downstream to CRMs, invoicing methods, and doc storage.

Conclusion

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

Should 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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