Increase Productivity &
Reclaim Lost Premium

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WHAT IS UNQUOTED?

We are a force multiplier in the Insurance industry reallocating time spent on low value-add data manipulation activities to revenue generating activities.

Unlock the power of your team by freeing them up to focus on opportunity evaluation, underwriting, and quoting.

Increased productivity will minimize your submission backlog and drive higher quote output and bound premium.

HOW IT WORKS

Submissions Are Monitored Automatically

Submission data from e-mail, .xls, or PDF are recognized and  prepared for conversion into your system of record.

Manual Data Conversion Is Replaced By UnQuoted

Our solution maps, cleans, and loads submission data to align to your system requirements eliminating the need for manual data conversion.

Input Templates Are Loaded Into Your System Of Record

Clean and prepared input templates are uploaded and ready for your team’s evaluation process.

THE BACKLOG CHALLENGE

No uniform submission format.

Submissions require manual conversion.

Evaluation and quoting cannot begin until conversion is complete.

This leads to a system bottleneck with thousands of submissions expiring before their effective date.

The increased productivity UnQuoted offers will help solve this problem and reclaim lost premium!

IMPACT

$95M

Potential Premium Lost Last Year As A Result of Submissions Purged Without Review

8K

Submissions Currently Pending And Over 2.5K Untouched.

~50%

Of Submissions Received Last Month Were Purged Without Review

*Based on a real world example

BENEFIT

OLD WAY

10-60 Mins

Manual Data Conversion Per Quote

8-10

Quotes Issued Per Day

UNQUOTED

★ 12-18

Quotes Issued Per Day

★ 9.7M

Incremental Premium Per Underwriter Annually

The power of UnQuoted will drive $1.7M in incremental annual recurring revenue per underwriter.

ROI CALCULATOR

# of Underwriters

24

Daily Quotes Per Underwriter

7

Avg Time Spend on Conversion

35 mins

Quote To Bind Ratio

16%

Avg Annual Premium Per Policy

$51,000

EBITDA Margin (Loss Ratio)

18%

= 4,600

Incremental Quotes Bound Annually

86%

Percent Change: Bound Quotes

$235M

Incremental Annual Premium

$42M

Incremental Annual Revenue

Submissions Are Received

Clearance agent validates the submission is complete and valid

Clears Into Queue

Submission is moved into the system of record

UnQuoted
Magic

UnQuoted works its magic in the background converting the schedule of values into the system of record automatically

Underwriter Issues Quotes

Underwriter no longer needs to complete manual data manipulation to evaluate the opportunity and issue the quote

Incremental Quotes

Incremental quotes made possible by resource reallocation drive additional premium and revenue

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