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Overview

Quote & Bind (Q&B) is the modern insurance sales, business flow, and retail distribution system, which is used by the insurance intermediaries for faster and easier processes of business administration and policies sales. This software is created by using the NO-CODE concept to help the new insurance market players with the onboarding and customization process.

Main Features

This online documentation platform will help you to understand the configuration and setup of the Q&B system functionalities. Currently, our Quote & Bind system has implemented the following top-level features:

  • Quotes Management – registration, updating, tracking of quotes, and transition of their statuses.
  • Quotes Documents – generation of any document in the quotation, policies issuing process based on a given template.
  • Referrals and Notification – notification of related parties on manual attention in the quoting process (denial, referral).
  • Endorsement Management – registration of endorsements banks and endorsements records as well as assignments of them to the quote record.
  • Clients Management – creation of client records, related address, and dependent contact persons.
  • Quotes Transactions – planned through registration (receivable) or actual (paid) financial transactions for selected quote.
  • Financial Invoices – registration of financial invoices, tracking statuses, production of invoice documents.
  • Binders Management – registration and tracking of periodic binders (contracts between carriers and insurance intermediaries).
  • Product and Risks – definition of insurance products and risks and linking to other records in the system.
  • Workflows Management – definition of the quote and binding process steps, control via the quote/policy forms.
  • Policies Management – conversion of quotes to the policies, tracing mid-term changes (adjustments, endorsements), and termination.
  • Entities and Subsidiaries – registration and full control of insurance sales process parties (coverholders, MGA, brokers, agents, insurers, carriers).
  • Users and Permissions – each access (basic auth or TFA) to the system is password protected and each function is controlled by separate permissions.
  • Document Templates – preparation, upload and versioning of document templates (in the .docx, .pdf, .xls, .csv format).
  • Email Templates – registration and setup email messages stubs with dynamic information replacement on the actual emailing moment.
  • OneDrive Integration – real-time pulling/pushing documents from/to configured corporate OneDrive account.
  • Activities and To-dos – quote or client-specific activities/tasks/to-dos registration and status tracking in the diary.
  • Scheduled Tasks – scheduled tasks to perform periodic system activities (e.g. upload reports to SFTP).
  • Reports and Analytics – custom and standard reports for operational and analytical purpose.