Real-Time Rating
Producers see bindable premiums the moment risk data is entered — the exchange calls your rating engine live, so quotes always reflect current rates and rules.
Carrier Solution
Digital Quotes & Applications
Replace PDF applications and email chains with real-time rating and smart e-applications. Reflexive questioning, e-signature, and document upload drive straight-through processing on clean business — from quote to issued policy in minutes.
Quoting Capabilities
Everything between first quote and issued policy, digitized
Reflexive E-Applications
Applications adapt as answers come in — only the questions a given risk actually requires appear, cutting completion time and not-taken rates.
Appetite & Eligibility Checks
Knock-out questions and appetite rules run up front, so out-of-appetite risks are declined in seconds instead of consuming underwriter time.
E-Signature Built In
Applications, supplemental forms, and disclosures route for e-signature automatically — no printing, scanning, or third-party signature subscriptions.
Document Upload & Intake
Loss runs, financials, and supporting documents attach directly to the submission, with automated extraction feeding your underwriting workbench.
Straight-Through Processing
Clean business that passes your rules binds and issues without human touch — underwriters focus only on the submissions that need judgment.
How It Works
From rating connection to live digital issuance in four steps
Connect your rating engine
Point the exchange at your rating API — or load rate tables directly — and map your products, classes, and territories to live quoting.
Configure the e-application
Build reflexive question sets, knock-out rules, and required documents per product and state — no code required, versioned like your filings.
Set straight-through rules
Define exactly which risks bind without review — by class, limit, premium size, or loss history — and route everything else to your underwriters.
Quote, bind, and issue live
Producers quote in real time, applicants e-sign, and clean business issues automatically — with every submission synced to your admin system.
Straight-Through Processing
Automation you control, with underwriters where they matter
Straight-through processing is not all-or-nothing. You define exactly which risks qualify for touchless binding, and every rule is yours to tighten or loosen as results come in. Submissions that fall outside the rules route to your underwriters with complete, structured data — never a half-finished PDF.
Explore AI & Automation- Bind authority rules by class, limit, premium, and territory
- Automatic referral routing for risks outside your rules
- Loss-run and document requirements enforced before bind
- Audit trail on every automated decision, quote, and issuance
- Kill switch to pause straight-through binding by product or state
FAQ
Digital quoting questions, answered
Do we need an API-enabled rating engine to quote in real time?
An API connection gives the best experience, but it is not required. Carriers can load rate tables and rating algorithms directly into the exchange, which then rates in real time on your behalf — and you can migrate to a live API connection later without changing the producer experience.
How do reflexive applications reduce not-taken rates?
Applicants only answer the questions their specific risk requires. Shorter, relevant applications finish more often — and knock-out questions run first, so nobody invests twenty minutes in an application for a risk you would never write.
Which lines of business support straight-through processing?
Any line where your underwriting rules can be expressed as structured criteria — commonly BOP, workers’ compensation, professional liability, and personal lines. You control the rules per product, and anything outside them routes to an underwriter automatically.
Is the e-signature process legally compliant?
Yes. E-signatures follow ESIGN and UETA requirements, with full audit trails capturing signer identity, timestamps, and document versions. Signed applications and disclosures store with the policy record for the retention period you configure.
How does quote data sync back to our core systems?
Every quote, application, and issued policy pushes to your policy admin, CRM, and document systems through the exchange API and event webhooks. Submissions arrive as structured data, so there is no rekeying between the exchange and your underwriting workbench.
Quote in seconds, issue in minutes
Join Insurance Exchange and give every appointed producer real-time rating, smart e-applications, and straight-through processing on the business you want.