The insurance industry is rapidly embracing technology to modernize submissions and quoting. Traditionally, these processes relied on manual data entry, fragmented communication, and lengthy turnaround times, causing bottlenecks and inefficiencies for brokers, MGAs, and carriers. However, the rise of automation and AI-driven analytics is reshaping how insurance professionals handle submissions.
Industry leaders are now leveraging:
- Automated data extraction to reduce manual input and errors
- API integrations to validate and supplement submission data in real time
- Digital portals that streamline producer workflows and improve user experience
- Faster quoting engines to enhance speed-to-market and boost bind rates
Companies that fail to adopt automation-driven solutions risk falling behind as expectations for speed, accuracy, and efficiency continue to rise.
At EOX Vantage, we empower insurers, MGAs, and brokers with a technology-driven approach to submissions and quoting. Our EOS Platform, powered by automation, transforms the submissions and quoting process by streamlining submissions, enhancing accuracy, and accelerating quoting timelines.
The Challenge: A Slow and Manual Submission Process
Traditionally, insurance submissions require producers to gather, normalize, and submit data across various carriers, often taking days to process. This manual approach can result in:
- Lengthy turnaround times for quotes
- Inconsistent data collection and validation
- Bottlenecks in underwriting workflows
- Frustration for producers and slower business growth
Our Solution: EOS Platform for Automated Submissions and Quoting
EOX Vantage’s EOS Platform automates the entire submission and quoting workflow, reducing delays and improving accuracy. The system is designed to:
- Simplify Data Collection – Producers enter high-level information into a single digital form, eliminating the need for multiple manual submissions.
- Enhance Data Accuracy – The form automatically retrieves missing information from a centralized data source using automation, reducing manual input and improving quote precision.
- Automate Data Validation – APIs validate key data points such as FEIN and DOT numbers, retrieving publicly available data to complete the submission.
- Accelerate Quoting – The platform normalizes and submits data to multiple carriers instantly, significantly reducing quote turnaround time.
Proven Success: A Client’s Transformation
One of our clients, an MGA specializing in a niche insurance market, faced major inefficiencies in its submissions and quoting process. Their manual process took three days to gather and normalize data before submitting it to carriers.
By implementing EOX Vantage’s EOS Platform, the client:
- Reduced quoting time from 3 days to just 15 minutes
- Increased broker throughput by 90%
- Improved bind rates by 10%
The Future of Submissions and Quoting in Insurance
As insurers, MGAs, and brokers look to stay competitive, automation-driven submissions and quoting will become essential. By leveraging EOS Platform, businesses can:
- Process more submissions in less time
- Improve broker and customer satisfaction
- Increase accuracy and reduce underwriting risk
- Scale their business with greater efficiency
EOX Vantage is leading this transformation, delivering an advanced, automated approach that empowers insurance professionals to quote faster, write more business, and drive growth.
Ready to modernize your submissions and quoting process? Contact us today to learn how our EOS Platform can streamline your workflow and deliver measurable results.
About EOX Vantage
For over two decades, EOX Vantage has specialized in providing scalable, on-demand support to aid our partners with their current workforce challenges and ensure that their agents can focus on the full customer experience. We streamline operations using outsourcing, automation, and our platform, helping companies in insurance, logistics, manufacturing, and not-for-profits and associations achieve significant time and cost savings. Our managed services teams increase your output, allowing your team to focus on strategic growth, while our automation solutions eliminate manual tasks, reducing errors and freeing up resources. Plus, our EOS Platform gives you complete visibility and control over your operations, helping you make data-driven decisions that drive success. Partner with us to elevate your business to the next level.
